1020 Wisconsin Academy of Sciences , Arts, and Letters. 
bearing 6 per cent interest. The cost of these bonds, including 
premiums paid, was $1,816.40, but the face value is $1,700, 
and this latter amount is the one that should appear in the 
statement of the permanent fund. 
R. H. Denniston, 
Treasurer. 
The committee appointed to audit the accounts of the Treas¬ 
urer have examined the books and vouchers and find the state¬ 
ment of receipts and expenditures correct as given in attached 
report of the Treasurer. 
The committee has not been able to determine the correct 
amount in the permanent fund.We recommend that the Treas¬ 
urer open an account with the permanent fund and that the 
present committee be instructed to audit the said account when 
opened in the books. 
Chas. S. Seichter, 
Chas. H. Chandler, 
George Wagner. 
