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SMITHSONIAN INSTITUTION
from $1.5 million to $4.8 million. Market value increased from $1.5 million to $8.1 million, and income increased from $50,000 annually to $272,185. The counselors believe that Gross National Product and industrial production will continue to rise in 1965.
      The nonpublic funds budget for the fiscal year 1966 was approved by the Committee for submission to the Board of Regents. The Committee also voted to approve the opening of a special account representing any accumulations, for depositing funds pending their investment.
      The Committee considered the diversified research programs of the Institution and recommends that Java Farm, a part of the Forrest bequest, be retained for scientific research purposes, reversing its former position that the farm be sold.
      The Committee noted with approval that plans are progressing for a scholarly commemoration of the Bicentennial of the birth of James Smithson, on September 17-18, 1965.
      The Secretary recalled that last year the Regents discussed having an organization of "Friends of the Smithsonian." He reported that discussions are proceeding with several publishers to provide a periodical which could create a link of communication between the Institution and those who might become affiliated with it, through membership in the "Friends" (or "Smithsonian Society"). The Committee expressed its interest and approval.
      The Secretary was directed to write the Speaker of the House to request reappointment of Representatives Bow, Kirwan, and Mahon as Members of the Board of Regents. It was recommended that the Board sponsor the introduction of Joint Resolution for my own reappointment. My present term ends on July 23, 1965.
      The Committee then considered the financing of the operation of the Zoo, which is financed by the District of Columbia. In 1961, the Board of Regents recognized a national responsibility for the development of the Zoo and directed the Secretary to undertake a program of capital improvements to be financed by appropriations directly to the Institution. No change was made at that time in financing the operation of the Zoo. It was recognized, however, that the Zoo has national characteristics. By statute, it is a part of the Smithsonian and is comparable to the museums and art galleries which are operated from Smithsonian appropriations. It was recalled also that 80% of the visitors of the Zoo originate from outside the District of Columbia. People throughout the world offer gifts to the Smithsonian because it is an internationally known scientific organization and represents the Nation rather than a single city.