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SMITHSONIAN INSTITUTION

The remainder of the bequest consisting of three parcels of land, titles for which have been transferred to the Institution, have been placed for listing and sale. Appraisals have been made for each of these parcels and will be used by the Executive Committee in determining a satisfactory price for the sale of this property. One of the parcels, Java Farm, consists of 366 acres of water-front land on the Rhode River in Anne Arundel County, Maryland. Matters pertaining to these three parcels and certain proposals which have been considered will be discussed orally by the Secretary and myself.

BELMONT HOUSE AND GROUNDS

It was reported in the January meeting that the Honorable David K.E. Bruce had offered to sell to the Smithsonian Institution his property known as "Belmont," near Elkridge, Howard County, Maryland, consisting of 324 acres of land and a historical residence, for $500,000. Mr. Bruce offered also to provide an anonymous donor to give the Institution $500,000 for this purchase. In addition, Mr. Bruce and his counsin [[cousin]], Mrs. Howard Bruce of Baltimore, will each make a cash gift to the Smithsonian Institution of $50,000, a total of $100,000 for the maintenance of the property.

The Regents authorized the Executive Committee to accept the gift provided Mr. Bruce agreed that the house will not be indefinitely conserved if the Institution should find this burdensome. He has so agreed.

Settlement of the property has been delayed pending the completion of a survey and a certificate of title.

I have just received notification from the Secretary that he has received the $500,000 check in advance of the settlement. Acceptance of this gift will be consistent with the resolution of the Regents on January 23, 1964, I believe. I am now referring the matter to the members of the Executive Committee for their concurrence.

Respectfully submitted:

Robert V. Fleming, Chairman
Executive Committee, Board of Regents of the Smithsonian Institution

Attachment follows