REPORT OF EXECUTIVE COMMITTEE 123 



Disbursements — Continued. 



From funds for specific use, other than Freer en- 

 dowment : 



Investments made from gifts, from gain from 

 sale, etc, of securities and from savings on 

 income $26, 16S. 15 



Other expenditures, consisting largely of re- 

 search work, travel, Increase and care of 

 special collections, etc., from income of en- 

 dowment funds and from cash gifts for 

 specific use (including temporary ad- 

 vances) 78, ^7. 71 



Reinvestment of cash capital from sale, call 

 of securities, etc 44, 383. 42 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds pur- 

 chased 2, 079. 24 



$151,578.52 



From Freer endowment: 



Operating expenses of the gallery, salaries, 



field expenses, etc 49, 422. 18 



Purchase of art objects 141,942.96 



Investments made from gain from sale, etc., 



of securities 230, 665. 78 



Reinvestment of cash capital from sale, call 



of securities, etc 490,327.70 



Cost of handling securities, fee of investment 

 counsel, and accrued interest on bonds pur- 

 chased 22, 864. 69 



935, 223. 31 



Cash balance June 30, 1937 354,294.70 



Total 1, 522, 107. 95 



EXPENDITUKES FOR RESEARCHES IN PURE SCIENCE, PUBLICATIONS, EXPLORA- 

 TIONS, CARE, INCREASE, AND STUDY OF COLLECTIONS, ETC. 



Expenditures from general funds of the Institution : 



Publications $17, 090. 34 



Researches and explorations 27,254.20 



$44, 344. 54 



Expenditures from funds devoted to specific purposes : 



Researches and explorations 49, 757. 28 



Care, increase, and study of special collections 10, 787. 39 



Publications 5, 606. 02 



66,150.69 



Total 110, 495. 23 



The practice of depositing on time in local trust companies and 

 banks such revenues as may be spared temporarily has been con- 

 tinued during the past year, and interest on these deposits has 

 amounted to $1,249.26. 



