EEPORT OF THE SECRETARY. 3 



Deposit of savings from income Avery fund, 1915 $1, 862. 60 



Deposit of savings from income Reid fund, 1915 426. 04 



Deposit of balance of principal $248.05 and income $28.39 Rhees 



fund, 1915 276. 44 



Deposit of first payment of Lucy T. and George W. Poore 



fund, 1915 24, 534.92 



Total of fund deposited in the United States Treasury 987, 600. 00 



Other resources. 



Registered and guaranteed bonds of the West Shore Railroad 



Co., part of legacy of Thomas G. Hodgkins (par value) 42,000.00 



Total permanent fund 1, 029, 600. 00 



The first installment to the Lucy T. and George W. Poore fund, 

 amounting to $24,534.92, was received in March, 1915, and was im- 

 mediately deposited in the United States Treasury to the credit of 

 the permanent fund. Other deposits to this fund during the year 

 were from the income of several funds amounting to $2,565.08, or a 

 grand total of $27,100, making a total now deposited in the Treasury 

 to the credit of the permanent fund of $987,600. 



That part of the fund deposited in the Treasury of the United 

 States bears interest at 6 per cent per annum, under the provisions of 

 the act organizing the Institution and an act of Congress approved 

 March 12, 1894. The rate of interest on the West Shore Railroad 

 bonds is 4 per cent per annum. 



The income of the Institution during the year, amounting to 

 $112,035.90, was derived as follows: Interest on the permanent 

 foundation, $59,310; contributions from various sources for specific 

 purposes, $12,000; first installment of a bequest known as the Lucy 

 T. and George W. Poore fund, amounting to $24,534.92 ; the original 

 bequest designated as the George H. Sanford fund of $1,020; the 

 balance of the William Jones Rhees fund, amounting to $248.05 ; and 

 from other miscellaneous sources, $14,922.93; all of which was de- 

 posited in the Treasury of the United States. 



With the balance of $30,560.13 on July 1, 1914, the total resources 

 for the fiscal year amounted to $142,596.03. The disbursements, 

 which are given in detail in the annual report of the executive com- 

 mittee, amounted to $100,430.17, leaving a balance of $42,165.86 on 

 deposit June 30, 1915, in the United States Treasury and in cash. 



The Institution was charged by Congress with the disbursement 

 of the following appropriations for the A^ear ending June 30, 1915 : 



International Exchanges ,$32, 000 



American Ethnology 42, 000 



Astrophysical Observatory 13, 000 



