4 ANNUAL REPORT SMITHSONIAN INSTITUTION, 1911. 



In addition to the above, there are four pieces of real estate be- 

 queathed to the Institution by the late R. S. Avery, some of which 

 yield a nominal rental and all are free from taxation. 



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 

 $83,435.30, was derived as follows: Interest on the permanent foun- 

 dation, $58,375.12; contributions from various sources for specific 

 purposes, $14,518.43 ; and from other miscellaneous sources, $10,541.75 ; 

 all of which Avas deposited in the Treasury of the United States to 

 the credit of the current account of the Institution. 

 < With the balance of $35,364.88 on July 1, 1910, the total resources 

 for the fiscal year amounted to $118,800.18. The disbursements, 

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

 mittee, amounted to $86,374.52, leaving a balance of $32,425.66* on 

 deposit June 30, 1911, in the United States Treasury. 



The Institution was charged by Congress with the disbursement 

 of the following appropriations for the year ending June 30, 1911 : 



International exchanges $32, 000 



American Ethnology 42, 000 



Astrophysical Observatory 13, 000 



National Museum : 



Furniture and fixtures 125, 000 



Heating and lighting 50,000 



Preservation of collections 300,000 



Books 2, 000 



Postage 500 



Building repairs 15, 000 



Building 77, 000 



National Zoological Park 115,000 



International Catalogue of Scientific Literature 7,500 



Elevators, Smithsonian Building 10,000 



Total 789,000 



EXPLORATIONS AND RESEARCHES. 



Various scientific explorations and researches have been carried on 

 during the past year by the Institution as far as its limited income 

 and the generosity of its friends would permit. There have also been 

 important biological, ethnological, and astrophysical researches by 

 the National Museum, the Bureau of American Ethnology, and the 

 Astrophysical Observatory, respectively, which are discussed else- 

 where in this report. 



