140 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1926 
Expenditures—Continued. 
Charles D. and Mary Vaux Walcott fund, ex- 
MTN LEC epee a re a Smo at Re me $111. 00 
Temporary advances for field expenses, ete_____.... 3, 953. 26 
Hl Woy fe MR. 01 ey 0 BF 0 By 2) = BMRA a Sg a aa dap a ce cg $181, 647. 45 
Balance Juners0, 19262. 222 oe ee nascy Tlie 71, 340. 53 
Charles L. Freer bequest 
Balance on hand or in time deposits, July 1, 1925__.___________ $78, 117.11 
Receipts: 
Dividends, interest, and miscellaneous receipts__ $255, 354. 66 
Sale of stocks’ and Dongsssese2=2nss sane le 988, 510. 00 
"POtaL | MARS pte ole 2 ei 1 Sa AR Aras oe ee ai ee le ae 1, 243, 864. 66 
TOGA PESOUT CES Ss state Ni GS Te AS a el Sea ns A ee) De Wd 
Hixpenditures: 
Operating expenses of the gallery, salaries, pur- 
chase of art objects, field expenses, and inci- 
(6 (2) 0110629) (se ARPS UE: 9 Aion aU $153, 934. 37 
Investments in sinking fund, including interest_ 127, 602.50 
Reinvestment of funds from sale of stocks and 
NOCRERGL Si, Seat Das Ue ue eS On ee ear ne 984, 347, 44 
PPO Gall Eee G UAT CS ia see a a 1, 265, 884. 31 
MS ysMEs avers vel fin y ak epucs 0 pe 4g wb fell ates ee pele Cee ee Rll aE a OE 56, 097. 46 
SUMMARY 
Total balanceszotvall funds, duly td 192D 3 ss 171, 952. 75 
Receipts during year ending June 30, 1926: 
Parent fund! for general expenses. 2 ee ee 61, 171. 52 
Revenue and principal of funds for specific objects, except 
PCOr DCUMGSRM As Ae veo Den ea a ae Sey 166, 214. 79 
OO IDC GTS ames es ele ee es ae 1, 243, 864. 66 
PUL oy 12 MOMS sand as AN i fee elas jen lie cae scot aac Al wi dil ie eA abi 2 1, 648, 208. 72 
Expenditures: 
General expenses of the Institution_.__._.___.___-___________ 60, 782. 56 
Specific objects, except Freer bequest2_22- 222 sn 222l 2 sce 181, 647. 45 
1p) eV ey oY er 0 AY 2} acer Pam eile i ch os ee Ea eho en ig ae eek it foo Lot ANd 1, 265, 884. 31 
Total balances oL all funds June 0, 1020 soe ee ee 134, 889. 40 
ol A) i) RS i ae Rl ESR DT ag he Se UA een PO Apri CRE 1, 648, 203. 72 
All payments are made by check, signed by the Secretary of the 
Institution, on the Treasurer of the United States, and all revenues 
are deposited to the credit of the same account. In some instances 
deposits are placed in bank for convenience of collection and later 
are withdrawn in round amounts and deposited in the Treasury. 
The practice of investing temporarily idle funds in time deposits 
has proven satisfactory. During the year the interest derived from 
this source, together with other similar items, has resulted in a 
total of $1,748.21, 
