PROCEEDINGS OF THE REGENTS 135 



ANNUAL REPORT OF THE EXECUTIVE COMMITTEE 



The annual report of the executive committee for the fiscal year 

 ending June 30, 1922, in printed form, was submitted by the secre- 

 tary. 



On motion, the report was accepted. 



ANNUAL REPORT OF THE PERMANENT COMMITTEE 



This report was read by the secretary, as follows : 



Hodgkins fund. — As stated in previous reports, $5,000 is allotted annually 

 from the Hodgkins specific fund for the maintenance of an astrophysical station 

 on the Montezuma Mountain, in Chile, where studies in solar radiation are 

 being carried on continuously. The work is under the direction of Dr. Charles 

 G. Abbot, Assistant Secretary of the Institution and Director of the Astrophysi- 

 cal Observatory. 



Roebling contribution. — Mr. John A. Roebling, of New Jersey, has contributed 

 further funds to advance the work of solar research stations in Chile and 

 Arizona and the publication of results there attained. The contributions of 

 Mr. Roebling to date for this work aggregate more than $40,000. 



Avery bequest. — All the real estate covered by this bequest has been sold. 

 The Avery fund now amounts to $41,283. 



Poore bequest. — This bequest has reached the sum of $36,025. Under the 

 testator's will, the fund must total $250,000 before its income shall be available. 

 Several lots of land in the city of Lowell remain undisposed of, but will be sold 

 as opportunity offers. A request has been made that the taxes on this property 

 be abated, but it has not yet been acted upon. 



Freer bequest. — A note for $200,000 given for the purpose of liquidating 

 Federal and inheritance taxes against the estate has been reduced to $79,250. 

 A balance of $28,051.05 remains under the building fund and there are several 

 specific accounts with balances sufficient to meet current requirements. 



Virginia Purdy Bacon bequest. — This bequest was given to establish the 

 Walter Rathbone Bacon (traveling) scholarship for the study of the fauna of 

 " countries other than the United States." The invested fund now amounts to 

 $48,300. 



Bruce Hughes bequest. — This bequest, which was given to establish the 

 Hughes alcove, has been settled and amounts to $11,604.53. 



Frances Lea Chamberlain fund. — Founded by Dr. Leander T. Chamberlain 

 as a memorial to his wife, Frances Lea. It amounts to $35,000, and the in- 

 come is expended in the improvement and increase of the Isaac Lea collections 

 of " Mollusks " and of " Gems and gem material," both in the National Museum. 



Walcott fund. — The income of this fund, established by Charles D. and Mary 

 Vaux Walcott, is to be used for research and publication, and as time goes 

 on for such purposes as may be designated by the Board of Regents. The 

 present market value of the securities deposited amounts to $10,460. 



Addison T. Reid bequest. — This bequest, which is to found a chair in 

 biology as a memorial to the testator's grandfather, Asher Tunis, now amounts 

 to $15,079. The bequest was subject to the condition that the income was to 

 be paid in three shares to certain named beneficiaries until their death. Two 

 of these shares have been received and the remaining share will represent 

 approximately $5,000. 



