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[[preprinted]]
SMITHSONIAN INSTITUTION 504 
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[[preprinted in left margin]]
MADE BY BAKER-VAWTER CO.
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ANNUAL REPORT OF THE EXECUTIVE COMMITTEE.

The Secretary presented, in printed form, the annual report of the Executive Committee giving a statement of the financial condition of the Institution for the fiscal year ending June 30, 1921.

On motion, the report was accepted.

ANNUAL REPORT OF THE PERMANENT COMMITTEE.

At the request of Judge Gray, the Secretary submitted the following report:-

December 8, 1921.

To the Board of Regents
of the Smithsonian Institution.

Gentlemen:

Your ^[[P]]ermanent Committee presents the following report of matters under its supervision for the past year:

[[underlined]] Hodgkins Fund. [[/underlined]] Researches in solar radiation are being continued at the Station on the Montezuma Mountain, in Chile, at an altitude of between 9000 and 10,000 feet. As stated in previous reports the expense of the maintenance of this Station is borne chiefly from an allotment of $5,000.00 annually from the Hodgkins Special Fund. The work is under the direction of Dr. Charles G. Abbot, Assistant Secretary of the Institution and Director of the Astrophysical Observatory.

[[underlined]] Roebling Contribution. [[/underlined]] Mention has been made of the generosity of Mr. John A. Roebling, of New Jersey, who has contributed funds in connection with certain phases of the work of removal and installation of the solar research stations in Chile and Arizona, and the publication of the results there attained, sufficient funds not being available for these purposes from sources at the command of the Institution. Mr. Roebling has contributed $29,150.00 to date.

[[underlined]] Freer Estate (Building Fund.) [[/underlined]]

[[underlined]] Receipts. [[/underlined]]

Cash and sale of shares of Parke, Davis & Co. - $1,222,462.26
Interest and dividends collected - [[underlined]]115,522.42[[/underlined]]
Total Receipts - $1,337,984.68

[[underlined]]Expenditures.[[/underlined]]  [[underlined]]$1,289,772.37[[/underlined]]

To date

[[initialed]] CDW [[/initialed]]