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SMITHSONIAN INSTITUTION   1390

[[3 column table]]
|CONSOLIDATED FUND |   |   |
| Book Value of investments July 1, 1923 |   | $177,965.28 |
| Additions to investments 1923-1953 |   |   | 
|Gifts, bequests and miscellaneous | $1,465,924.00 |   |
| Reinvestment of income | 527,123.26 |   |
| Gains from sales of securities | 407,278.28 |   |
|  |$2,400,325.54|  |
| Total Book Value, December 31, 1953 |   | 2,578,290.88 |
| Market Value, December 31, 1953 | 2,910,549.00 |   |
| Gains on securities now owned | 332,258.12 |   |
| Profit on securities sold from December 31, 1952 to December 31, 1953 | 99,499.28 |   |
| FREER FUND |   ||   |
|Original Book Value |   | $1,958,591.42 |
|Total Book Value, December 31, 1953 |   | 6,810,669.80 |
| Gain in Book Value |   | 4,852,078.38 |
| Market Value, December 31, 1953 |  | 8,199,542.50 |
| Gain on securities now owned |  | 1,388,854.70
| Profit on securities sold from December 31, 1952 to December 31, 1953 | $ 202,545.48 |   |
Summary of Profits on securities sold from Consolidated and Freer Funds from December 31, 1952 to December 31, 1953:

Consolidated Fund $99,499.28
Freer Fund 202,545.48
$ 302,044.76