April in the city of Washington, on a date to be determined as the board may direct. SEC. 3. Joint meetings of the executive board of the National Research Council and the council of the National Academy of Sciences shall be held from time to time, to consider any matters which, in the judgment of the president of the National Academy, require the attention of both bodies. ARTICE VII-PUBLICATIONS AND REPORTS. SECTION 1. An annual report on the work of the National Research Council shall be presented by the chairman to the National Academy of Sciences for submission to Congress in connection with the annual report of the president of the academy. SEC. 2. Other publications of the National Research Council may include papers, bulletins, reports, and memoirs, which may appear in the proceedings or memoirs of the National Academy of Sciences, in the publications of other societies, in scientific and technical journals, or in a separate series of the Research Council. ARTICLE VIII-AMENDMENTS. SECTION 1. Power of amendment of these articles of organization shall reside in the council of the National Academy of Sciences. ANNUAL REPORT OF THE TREASURER. [January 1 to June 30, 1921.] During the six months beginning January 1, 1921, the activities of the National Research Council were supported by funds derived from various sources. The following list gives the main sources of these funds: (1) For general maintenance expenses of the National Research Council the sum of $85,000 was received from the Carnegie Corporation of New York. (2) From the Rockefeller Foundation the following amounts were received and disbursed: For the division of medical sciences the sum of $4.98 was received and the sum of $504.98 was disbursed. For the division of physical sciences the sum of $8,320.83 was received and the sum of $4,367.35 was disbursed. For national research fellowships the sum of $27,114.72 was received and the sum of $22,109.40 was disbursed. (3) From the General Education Board contribution was made. as follows: For the mental rating of school children, nothing was received, but $98.38 was disbursed, thus closing the account. For special work carried on by the division of educational relations, the sum of $2,500 was received and the sum of $4,945.67 was disbursed. (4) Other contributions included: The sum of $1,583.33 from the Southern Pine Association (part payment on pledge of $10,000) for the committee on forestry. The sum of $500 from Julius Rosenwald toward the support of a fellowship. From various sources: For food and nutrition committee, $1,200; for the trustees for the publication of physical and chemical con stants, $3,120; for international auxiliary language, $1,025; for national intelligence tests, $500; for expenses of exhibits, Chemical Warfare Service, $9,056.56. Receipts and disbursements of the National Research Council, January 1, 1921, to June 30, 1921. National Research fellowships (R. F. 2517) -- 27, 114. 72 REPORT OF THE AUDITING COMMITTEE. WASHINGTON, D. C., July 30, 1921. We have employed the Capital Audit Co. to scrutinize and report on the treasurer's books. We accepted the certificate, dated July 6, 1921, of the American Security & Trust Co. regarding notes owned by the academy and deposited for collection; we have examined the securities owned by the academy and papers contained in the box of the National Academy of Sciences at the vault of the American Security & Trust Co. We find them to correspond to the list checked by the auditing committee on January 15, 1921, except as modified by transactions between January 1, 1921, and June 30, 1921, reported by the Capital Audit Co. We find that the coupons falling due during this period have been cut and accounted for, and those due July 1, 1921, have been deposited and are accounted for by appropriate entries in the pass book. We find that interest on loans has been accounted for. Correspondence between vouchers, pass books, and accounts of the treasurer is certified by the Capital Audit Co. We find the net balance reported by the treasurer as of June 30, 1921, to accord with the statement of the American Security & Trust Co. and with the check book. This entire paragraph relates to the accounts of the National Academy of Sciences proper. There is also a statement of the accounts of the National Research Council, whose funds are deposited in two separate accounts to the credit of the academy. These accounts have been included in the report of the Capital Audit Co. We have examined the longterm securities of the National Research Council deposited in the box of the American Security & Trust Co. and find them correct. We accepted the certificate, dated July 7, 1921, of the Riggs National Bank as to United States Treasury certificates of indebtedness owned by the National Research Council and held by the bank for collection. We find that the net balance reported by the treasurer as of June 30, 1921, agrees with the statements of the American Security & Trust Co. and of the Riggs National Bank for these accounts. Correspondence between vouchers, pass books, and accounts of the treasurer for the National Research Council is certified by the Capital Audit Co. ARTHUR L. DAY, L. O. HOWARD, |