76 SMITHSONIAN BEQUEST. 



owing to the proceedings which were necessary to be insti- 

 tuted in the court of chancery, the funds were not trans- 

 ferred into your name until the 5th June, 1838. We are 

 happy to inform you that, notwithstanding this delay, no 

 loss has been occasioned to the United States, as, according 

 to the market prices of the funds on the last-mentioned 

 day, the funds were then worth 103,888, being an excess 

 of 897 beyond the value on the 5th June, 1835, the date 

 of Mr. Hungerford's death. 



The whole of the costs of the chancery suit amounted to 

 723 7s. 11^., so that the increase in the value of the funds 

 was sufficient to pay the whole of these costs, and leave a 

 surplus of 173 12-s. Id. 



In making out the above statement, the dividends upon 

 the fund* have not been taken into account, but the United 

 States receive them in addition to the original fund. 



The United States do not, however, receive the whole 

 amount of such dividends now, as a portion of them was 

 invested in stock, of which 5,015 has bec-n appropriated to 

 answer an annuity of 150 9s. to Miidume de la Batut, upon 

 whose decease the same will become the property of the 

 United States. 



The sums in court, at the last hearing of the cause, were 

 as follows, viz : 



62,739 19s. 2d. bank three per cent, annuities ; 



6,810 19 7 like annuities; 

 12,000 reduced annuities ; 

 16,100 bank stock ; 

 1,765 2 cash; 

 204 6 8 cash; 



These sums have been appropriated as follows, viz : 

 62,739 19s. Id. bank 3 per cent, annuities ; 



1,795 19 7 part of 6,810 19s. Id. like annuities ; 



64,535 18 9 bank 3 per cent, annuities ; 

 12,000 reduced annuities; 



Trans'd into 

 the name of 

 R'd. liu>h, 

 Esq. 



16,100 bank stock; 

 5,015 reduced bank annuities, residue of 6,810 19s. Id. 

 retained in court to answer annuity to Madame de 

 la Batut ; 



406 3 paid to plaintiff's solicitors for their costs ; 

 162 15 5 paid to defendants' solicitors for costs ; 

 53 7 6 paid to plaintiff's solicitors for warehouse-room, 



paid by them to Messrs. Deacon ; 



626 11 6 paid to Madame de la Batut for arrears of her an- 

 nuity ; 



25 paid to Mrs. Fitall for arrears of annuity ; 

 /O 7 8 paid to solicitor for defendant the attorney general, 



for costs ; 

 725 3 7 balance of cash paid to K. Hush, Esq. 





