REPORT OF THE SECRETARY. 5 



BUILDINGS. 



Certain much-needed repairs to the main roof of the Smithsonian 

 building- jire in prog-ress, and in thi.s comiection it .seems important to 

 again call attention to the necessity of a reconstruction of the ceiling 

 and other renovations of the large Anthropological Hall, whose noble 

 dimensions deserve a worthier treatment, and of improving the access 

 to it. 



In the paragraphs devoted to the Museum and to the Zoological 

 Park mention is made of ])uilding improvements during the year. 



FINANCES. 



The permanent funds of tli(^ Institution are as follows: 



Bequest of Sniithsoii, 1846 $.^15, 169. 00 



Residuary legacy of Smithson, 1867 26, 210. 63 



Deposit from savings of income, 1867 108, 620. 37 



Bequest of James Hamilton, 1875 : . . $1, 000. 00 



Accumulated interest on Hamilton fund, 189.T 1, 000. 00 



2,000.00 



Bequest of Simeon Habel, 1880 500. 00 



Deposit from proceeds of sale of bonds, 1881 , 51, 500. 00 



Gift of Thomas G. Hodgkins, 1891 200, 000. 00 



Portion of residuary legacy of Thomas G. Hodgkins, 1894 8, 000. 00 



Deposit from savings of income, 1903 25, 000. 00 



Total permanent fund 937, 000. 00 



Under the provisions of thc^ act organizing the Institution and the 

 act of Congress approved March 12, 1804, the above fund is deposited 

 in the Treasury of the United States and bears interest at per cent 

 per annum. In addition to the permanent fund, the regents hold 

 certain approved railroad bonds, which form part of the fund estab- 

 lished b}^ Mr. Hodgkins for investigations into the properties of 

 atmospheric air. 



The unexpended balance at the beginning of the fiscal year, Jidy 1, 

 1902, as stated in my last report, was $81,120.91. The total receipts 

 b}^ the Institution during the year were $67,835.37. Of this sum, 

 $56,400 was derived from interest and the remaining $11,435.37 was 

 received from miscellaneous sources. 



The disbursements during the year amounted to $93,448.61, the 

 details of which are given in the report of the executive committee. 

 This amount includes the sum of $25,000 which, in accordance with a 

 resolution of the Board of Regents adopted at the last annual meeting, 

 was drawn from the current funds and deposited in the Treasury of 

 the United States to the credit of the permanent fund. The balance 

 remaining to the credit of the Secretary on June 30, 1903, for the 

 expenses of the Institution was $55,507.<)7. A considera])le part of 



