120 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1945 



Disbursements — Continued. 

 From Freer endowment : 



Operating expenses of the gallery, salaries, 



field expenses, etc $58,013.42 



Purchase of art objects 164, 177. 12 



Reinvestment of cash capital from sale, 



call of securities, etc 1,390,671.18 



Cost of handling securities, fee of invest- 

 ment counsel, and accrued interest on 



bonds purchased 26,179.98 



$1, 639, 041. 70 



Cash balance June 30, 1945 760,218.09 



Total 2, 9S0, 192. 43 



Included in the above receipts was cash received as royalties from 

 sales of Smithsonian Scientific Series to the amount of $26,564.20. 

 This was distributed as follows : 



Smithsonian Institution Endowment Fund $11,803.85 



Smithsonian Institution Emergency Fund 2, 950. 96 



Smithsonian Institution Unrestricted Fund, General 8, 852. 89 



Salaries 2, 956. 50 



26, 564. 20 



Included in the foregoing are expenditures for researches in pure 

 science, publications, explorations, care, increase, and study of collec- 

 tions, etc., as follows : 



Expended from general funds of the Institution : 



Publications $20, 964. 34 



Researches and explorations 17, 397. 14 



$38, 361. 4S 



Expenditures from funds devoted to specific 



purposes : 



Researches and explorations 24,939.07 



Care, increase, and study of special 



collections 9, 129. 85 



Publications 7, 681. 92 



41, 750. 84 



Total 80, 112. 32 



The practice of depositing on time in local trust companies and 



banks such revenues as may be spared temporarily has been continued 



during the past year, and interest on these deposits has amounted to 



$469.79. 



The Institution gratefully acknowledges gifts or bequests from 



the following: 



American Malacological Union, toward publication of bibliography and short 



biographical sketch of Dr. W. H. Dall. 

 Mr. Conrad Chapman, work on bamboo collections. 

 Office of Inter-American Affairs, for researches in anthropology of Colombia, 



by Dr. Gregorio Hernandez de Alba. 



