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SMITHSONIAN INSTITUTION   1549

REPORT OF THE EXECUTIVE COMMITTEE

The Secretary reported that Dr. Fleming is better and hopes to be able to return to his office soon. Dr. Fleming had requested that Dr. Haskins read his report and present the other related matters that ordinarily come before the meeting. Dr. Haskins read aloud this report. Senator Anderson suggested that it would be helpful to the members of the Board to have this report duplicated so that it could be followed as it was read. The Secretary stated that he would call this to the attention of the Chairman of the Executive Committee before the next meeting.

In discussion of the report of the Executive Committee, Senator Anderson asked about the investments that had been made with the proceeds of the sale of IBM stock mentioned. The Secretary said that he would ask the Chairman of the Executive Committee to provide this information for all members of the Board.

On motion by Dr. Haskins, seconded by Senator Anderson, and carried it was

VOTED that the Board of Regents approves the Report of the Executive Committee as presented, directs that it be included in the minutes of the present meeting, and requests the present Chairman to continue to serve as Chairman of the Committee.

Dr. Compton offered the following amendment to be added to the above motion:

VOTED that the Board of Regents expresses its appreciation to the Executive Committee, and especially to Dr. Fleming, for the care with which they have carried out their duties.

On second by Dr. Brown this amendment was passed.

The report is as follows:

The Annual Report of the Secretary of the Smithsonian Institution for the fiscal year ending June 30, 1961 has been in your hands for some days. This report includes a record of the actions of the Executive Committee during the period covered. The financial and other operations of the Smithsonian Institution and records of the state of the investments and income from the private funds of the Institution from July 1, 1960 to June 30, 1961 are included in the Report.

At this time, as has been customary, it is my privilege to review matters that are supplemental to this report and also to comment on activities that have taken place during the first half of the present fiscal year, that is, from July 1 to December 31, 1961.