NATIONAL RESEARCH COUNCIL

The disbursements, of the National Research Council, under the authority of the National Academy of Sciences, during the year ended June 30, 1927, amounted to $1,004,071.10, of which $129,013.63 represented purchase of bonds for temporary investment, leaving net expenditures for other purposes of $875,057.47. Sales of bonds held for temporary investment amounted to $183,893.92. Interest received on temporary investments amounted to $16,092.26, of which $12,044.77 was credited to the National Research Council, $2,638.80 to International Critical Tables, $1,253.46 to Tropical Plant Research Foundation, and $155.23 to unappropriated fund special.

The following table indicates the average yield on these bonds:

The agreement between the Tropical Plant Research Foundation and the National Research Council, begun three years ago, has continued during the past year, and funds amounting in all to $137,550 have been received by the research council for the work of the third year in an investigation of the diseases of sugar cane and methods of eradication.

The investment reserve fund was augmented during the year by $1,693,38, representing profit on bonds sold or called. The total of the fund now is $3,205.

During the fiscal year ended June 30, 1927, the activities of the council were supported by funds from various sources, of which the principal are listed below:

(1) From the Carnegie Corporation of New York: For general

maintenance expenses of the National Research Council.. $121, 171. 26

The above contribution represents practically the only money available to the research council for general maintenance expenses. The research council has disbursed in addition, other funds contributed by a large number of organizations and individuals for specific purposes named by the donors. The diversity of these researches is indicated in the following list and the disbursements for such purposes are several times larger than the expenditures for general maintenance.

(2) From the Rockefeller Foundation:

For national research fellowships in physics, chemistry, and

mathematics, year 1926 (R. F. 2997)..

For the same purpose, year 1927 (R. F. 21118) __

44, 946. 82

82, 411. 62

For fellowships in medicine, year 1926 (R. F. 2980)..

24, 823. 98

For the same purpose, year 1927 (R. F. 21098)–

14, 962. 07

For fellowships in the biological sciences, year 1926 (R. F.

21002)-

38, 256. 14

For the same purpose, year 1927 (R. F. 21109) _ _ .

29, 182. 13

For international biological abstracts, year 1926 (R. F.

21031)_..

24, 163. 14

For the same purpose, year 1927 (R. F. 21110).

15, 959. 54

For fellowships in anthropology and psychology, years
1926-27.

7, 525. 00

Total from the Rockefeller Foundation.......

282, 230. 44

(4) From the Laura Spelman Rockefeller Memorial:

For migrations research, year 1926.

For the same purpose, year 1927--

For tactual interpretation of oral speech and vocal control

by the deaf...........

594. 19

10, 523. 08

7, 352. 53

1, 989.88

For physical causes of deafness, year 1926.

For committee on child development, year 1926–27.

5, 853. 92

(5) From the International Education Board:
For research fellowships in physics, chemistry, and mathe-

matics..

For biological research fellowships__

For astronomical research surveys.--.

Total from the International Education Board....

(6) From the Chemical Foundation: For standardization of biological stains..

(7) From the National Research Council of Japan: For transmission of assisted passages, third Pan-Pacific Science Congress___

14, 108. 33

12, 825. 00

11, 000. 00

37, 933. 33

7,900. 00

4, 200.00

(8) From an organization for research in problems of sex, year 1926. For the same purpose, 1927---

1, 925. 07 52, 678. 19

Total...

54, 603. 56

(9) From various organizations for the Highway Research BoardFor earth road investigation.__

12, 725. 00

8, 000. 00

Total for highway research....

20, 725. 00

(10) From various organizations for Tropical Plant Research Foundation___.

137, 550. 00

(11) From Julius Rosenwald: For the support of a fellowship in biology....

1, 875. 00

(12) From various organizations:

For American section, International Union of Scientific
Radiotelegraphy__

For fault map of certain earthquake regions of central Cali-
fornia____

280. 72

810. 15

From royalties (committee on sedimentation).

For special educational courses--

For an investigation of spontaneous generation of heat in
metals...

From royalties on International Critical Tables.

Total receipts during the year from all sources.

145. 00

500.00

8, 627. 87 998, 190. 21

Receipts and disbursements, National Research Council, from July 1, 1926, to June

Receipts and disbursements, National Research Council, from July 1, 1926, to June 30, 1927-Continued