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Committee to serve until the next Annual Meeting of the Board.

The annual report for the fiscal year ending April 1, 1943, of the Board of Trustees to the Granter, under the provisions of the Foundation Deed dated May 10, 1916, was duly presented to this meeting and was approved, and the original filed with the Grantor and a copy inserted in the minute book, as part of the records of this meeting.

At the annual meeting the Chairman submitted a proposed budget for the fiscal year 1943-1944, with a comparative statement showing the budget for the year 1942-1943, as adopted, and a statement of the actual expenditures for the latter period. On motion, duly made and seconded, the proposed budget for year 1943-1944 as submitted by the Chairman was approved and adopted.

The Treasurer called the Board's attention to the Huntington Publication Fund which showed an unexpended balance on March 31, 1943 of $5,807.96. He recommended that this balance be transferred to the General Fund of the Museum as of April 1, 1943, in accordance with Mr. Archer M. Huntington's letter of March 7, 1942 with relation to the disposition of such unexpended balances.

On motion duly made and seconded, the following resolution was unanimously adopted:

RESOLVED, that the unexpended balance of $5,807.96 appearing in the Huntington Publication amount on March 31, 1943,  be transferred to the General Fund as of April 1, 1943, and that the Treasurer be instructed to make the necessary entries to carry out said instructions.