REPORT OF THE EXECUTIVE COMMITTEE OF THE BOARD OF 

 REGENTS OF THE SMITHSONIAN INSTITUTION 



For the Year endinc; June 3U, 1003. 



To the Board of Regents of the Smithsonian Institution: 



Your Executive Committee respectfully submits the following report 

 in relation to the funds of the Institution, the approprications by Con- 

 gress, and the receipts and expenditures for the Smithsonian Institu- 

 tion, the United States National Museum, the International Exchanges, 

 the Bureau of Ethnology, the National Zoological Park, and the Astro- 

 physical OI)servatory for the year ending June 30, 1903, and balances 

 of former years: 



SMITHSONIAN INSTITUTION. 



Condition of the Fund July U 1903. 



The amount of the bequest of James Smithson deposited in the 

 Treasuiy of the United States, according to act of Congress of August 

 10, 1846, was $515,169. To this was added In* authority of Congress, 

 February 8, 1867, the residuary legacy of Smithson, savings from 

 income and other sources, to the amount of $134,831. 



To this also have l)een added a bequest from James Hamilton, of 

 Pennsylvania, of $1,000; a bequest of Dr. Simeon Habel, of New 

 York, of $5(»0; the proceeds of the sale of Virginia bonds, $51,500; a 

 gift from Thomas G. Hodgkins, of New York, of $!>00,000 and $8,000, 

 being a portion of the residuarv legacy of Thomas G. Hodgkins, and 

 $1,000, the accumulated interest on the Hamilton bequest, savings 

 from income, $25,000, making in all, as the permanent fund, $937,000. 



The Institution also holds the additional sum of $42,000, received 

 upon the death of Thomas G. Hodgkins, in registered West Shore 

 Railroad 4 per cent bonds, which were, by order of this committee, 

 under date of May 18, 1894. placed in the hands of the Secretary of 

 the Institution, to be held by jiini subject to the conditions of said 

 order. 



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