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per year to $75,000. There was also an increase in the investment manager's fees and custodial fees by the new managers.

Dr. Stern asked whether it would be possible for the Freer Gallery to obtain a breakdown on the administrative fees and some indication of the reasons for the increase in overhead charges made by the Smithsonian Institution. He pointed out that under the terms of the Freer Deed of Gift, some services were to be provided by the Smithsonian at no charge whatsoever. Mr. Wheeler agreed to make such a breakdown available.

Dr. Stern then discussed plans for the coming year. He noted the educational materials being prepared by the Gallery. Several sets of study slides were available for study by the Committee. He also outlined plans for celebrating of the 50th anniversary of the Freer Gallery, which begins on May 2, 1973 with the presentation of the Freer medal to the distinguished Japanese scholar. Tanaka Ichimatsu, the opening of a special exhibition on Ukiyo-e painting, and the convening of a two-day symposium. A special exhibition on Chinese figure