KEPORT OF THE SECRETARY, 9 



The Brooklyn Eapid Transit Co. was placed in the hands of re- 

 ceivers on July 1, 1918. 



For the $5,000 in 5 per cent gold notes which failed of redemp- 

 tion on the above date, $1,500 was subsequently paid to the Insti- 

 tution in cash and the balance of $3,500 is held by the receivers 

 pending final adjustment. 



A single piece of real estate bequeathed to the Institution by the 

 late Robert Stanton Avery, and located in the District of Columbia, 

 326 A Street SE., was sold and the sum of $3,046.50 was realized 

 therefrom. Several lots of unimproved land located near Lowell, 

 Mass., and forming a part of the bequest known as the Lucy T. 

 and George W. Poore fund, were also sold and the sum of $520.50 

 was realized, making a total of $3,567 derived from the sale of real 

 estate during the year. 



Income not required for current expenditures continues to be 

 placed with local banks on time deposit; the interest so earned dur- 

 ing the year amounted to $1,048.10. 



The income of the institution during the year, amounting to $144,- 

 100.53, Avas derived as follows: Interest on permanent investments 

 and other sources, $64,466.94; repayments, rentals, publications, etc., 

 $34,723.33 ; contributions from various sources for specific purposes, 

 $26,343.26; bills receivable, $15,000; proceeds from sale of real estate, 

 ■ $3,6'67. 



Adding the cash balance of $1,289.90 on July 1, 1918, the total 

 resources for the year amounted to $145,390.43. 



Mr. B. H. Swales, honorary custodian, section of birds' eggs, has 

 contributed $300 to the Institution for the purchase of specimens. 



The disbursements which are described in the annual report of 

 the executive committee amounted to $143,267.65, leaving a balance 

 on deposit with the Treasury of the United States in cash and in 

 bank of $2,122.78. 



The Institution was charged by Congress with the disbursement 

 of the following appropriations for the year ending June 30, 1919 : 



International exchanges — $35, 000 



American ethnology 42, 000 



International catalogue of scientific literature 7, 500 



Astrophysical observatory 13, 000 



National Museum 



Furniture and fixtures 15,000 



Heating and lighting 55,000 



Preservation of collections 300, 000 



Building repairs 10, 000 



Books 2, 000 



Postage ,500 



National Zoological Park 11,5, 000 



Increase of compensation (indefinite) 



Total 595,000 



