PROCEEDINGS OF THE REGENTS. 117 



CHAIRMAN OF THE EXECUTIVE COMMITTEE. 



The Hon. George Gray was elected chairman of the executive 

 committee to fill the vacancy caused by the death of Senator Bacon. 



RESOLUTION RELATIVE TO INCOME AND EXPENDITURE. 



Judge Gray, as chairman of the executive committee, submitted 

 the following resolution, which was adopted : 



Resolved, That the income of the Institution for the fiscal year ending June 

 30, 191G, be appropriated for the service of the Institution, to be expended by 

 the Secretary with the advice of the executive committee, with full discretion 

 on the part of the Secretary as to items. 



ANNUAL REPORT OF THE EXECUTIVE COMMITTEE. 



The annual report of the executive committee, showing the finan- 

 cial condition of the Institution for the fiscal year ending June 30, 

 1914, was adopted. 



ANNUAL REPORT OF THE PERMANENT COMMITTEE. 



Hodgkins fund. — There has been no change in the status of this 

 fund since the last report of the committee. 



The sum of $5,000 w^as allotted from the income of the fund, in 

 accordance with the formal action of the board at the meeting of 

 May 1, 1913, for the purpose of continuing the work of the Langley 

 Aerodynamical Laboratory during the past year. 



Two thousand dollars was allotted to Mr. F. G. Cottrell for 

 experiments in the clearing of fog by electrical precipitation. 



Avery 'bequest. — This bequest has remained unchanged during the 

 past year. Three parcels of land are still to be sold. 



The Poore bequest. — A recent report states that this property is 

 being closed up as rapidly as possible, and it is expected that within 

 a short time it will be turned over to the Institution. The whole 

 estate is now valued at approximately $35,000 to $40,000, but under 

 the terms of the will the income is to be added to the principal until 

 the latter has reached the sum of $250,000, the income of Avhich will 

 then become available for the Institution's purposes. 



On motion, the report was accepted. 



THE secretary's ANNUAL REPORT. 



The secretary presented his report for the fiscal year ending June 

 30, 1914, and stated that since the last annual meeting of the Regents 

 there had been printed a total of 90 publications, aggregating about 

 6,000 pages of text and 650 plates. Of this aggregate 23 volumes 

 and pamphlets (1,626 pages and 289 plates) pertain to the institu- 

 tion proper ; 55 volumes and pamphlets (4,170 pages and 352 plates) 



