128 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1923 



A piece of improved real estate, at 140 East Capitol Street, Wash- 

 ington, D. C, forming a part of the original bequest of the late 

 Robert Stanton Avery, has been sold. Payment in part was made in 

 cash and the balance by note. 



The total amount of dividends and interest received by the Insti- 

 tution from the Freer estate during the year for all purposes was 

 $304,436.26. The increase in revenue was partly due to the settle- 

 ment of the estate by the administrators and also to the fact that 

 Parke, Davis & Co. declared a 100 per cent stock dividend to holders 

 of record December 18, 1922. 



The itemized report of the auditor is filed in the office of the 

 secretary. 



Detailed survey of financial operations 



Ordinary receipts : 



Cash balance on hand July 1, 1922 $6, 364. 15 



Income from miscellaneous sources available for general pur- 

 poses 55, 856. 35 



International Exchanges, repayments to the Institution for 

 specific purposes 5, 263. 66 



Total resources for ordinary purposes 67, 484. 16 



Ordinary expenditures : 



Care and repair of buildings 8,013.08 



Furniture and fixtures 1, 535. 34 



General administration 24, 766. 39 



Library 3, 197. 67 



Publications (comprising preparation, printing, and distri- 

 bution) 13, 463. 27 



Researches and explorations 5, 135. 55 



International Exchanges 8, 027. 55 



Total ordinary expenditures 64, 138. 85 



Advances and repayments for field expenses and other temporary 

 transactions during the year : 



Advances 37, 984. 05 



Repayments 25, 214. 88 



Difference 12, 769. 17 



The above difference will be adjusted in due course. 



