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SMITHSONIAN INSTITUTION   1317

Dr. Harvey Davis was absent due to illness. 

MINUTES OF THE PREVIOUS MEETING

The Secretary stated that the minutes of the last meeting, held January 13, 1950, had been duly circulated among the members of the Board. Without objection, the minutes were approved. 

REAPPOINTMENT OF REGENTS

As of September 20, 1950, the Senate and the House of Representatives by Joint Resolution reappointed Dr. Arthur H. Compton and Dr. Harvey N. Davis as Citizen Regents, to serve for six years. 

ANNUAL REPORT OF THE SECRETARY

The Secretary submitted his Annual Report for the fiscal year ending June 30, 1950, including the Financial Report of the Executive Committee, in printed form, stating that copies were before the Regents at the meeting. 

The Report was accepted as presented. 

REPORT OF THE EXECUTIVE COMMITTEE

Robert V. Fleming, as Chairman, submitted the following statement: 

The formal report of the Executive Committee for the last fiscal year, which ended June 30, 1950, with the customary public statement as to investments and income, is included in the printed Report of the Secretary of the Institution, being found on pages 156-161. The following matters, which relate principally to the first half of the present fiscal year, are offered as supplemental to the data as printed. 

The annual audit of the Institution's accounts was performed, as in recent years, by the national firm of Peat, Marwick, Mitchell and Company, the results of their findings being embodied in the printed report to which reference has been made. The complete statement is on the table for examination. 

A.W.