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(See reference to this committee in section of this report treating of the division of medical sciences.)

Committee on personnel research.-This committee continued during the year its work on the project of psychological tests for freshmen in college, but as arrangements have been made to have the administration of the project taken over by other agencies, the committee has been discontinued.

National intelligence tests.-The director of national intelligence tests, Dr. Guy M. Whipple, lecturer on secondary education at Harvard University, has answered during the year many questions from users of the tests and has worked on the accuracy of the tests and on the development of new forms. The present arrangement with Doctor Whipple has been extended for another year and he has been asked to submit plans for further development of the work.

Index of American Anthropologist.-During the year a subject and author index of the 40 published volumes of the American Anthropol ogist has been prepared in the office of the division. When published this will fill an important need of students in search of source material in connection with their studies.

RESEARCH INFORMATION SERVICE

The activities of the Research Information Service during the period covered by this report may be grouped in the following classes: (1) Compilation of data for publication; (2) bibliographical work; (3) office routine.

Compilation of data. The compilation of data of scientific and research interest is one form of service in which the service accounts itself most useful. When a large number of requests for certain information have been received, rather then continue to answer them individually with incomplete data, an attempt is made to cover the field as thoroughly as possible, with a view to publishing the results. Five such compilations have been published by the service during the year. (a) Handbook of scientific and technical societies and institutions of the United States and Canada. (Bull. No. 58.)

The purpose of this publication is to present a ready guide to those scientific and technical societies, associations, and institutions of the United States and Canada which contribute to knowledge or further research through their activities, publications, or funds. Over 700 of these are listed here for the United States, and about 75 for Canada. The Canadian section was compiled by the National Research Council of Canada. Full indexes appear for each section, containing a subject classification of the activities, titles of research funds and publications, and changes of names of organizations as reported in their histories.

(b) Industrial research laboratories of the United States, including consulting research laboratories. Third edition, revised and enlarged. (Bull. No. 60.)

The necessity for a revision of this publication is readily understood when it is noted that there were 300 laboratories listed in the first edition (1920), 526 in the second edition (1921), while there are 1,000 in the present edition. The index to the names of the directors of laboratories, with their addresses, is continued as in the earlier editions, while the index by State and city of the location of the laboratories is a new feature. The subject index has been greatly enlarged, a more detailed classification being employed.

(c) Doctorates conferred in the sciences by American universities, 1925-26. (Reprint and Circular Series No. 75.)

This is the first time that these data have been published originally by the council, the former lists having been reprinted from scientific periodicals where they first appeared. The increasing length of the list made publication in a journal impracticable. At the requests of the editors of the Journal of Chemical Education and of the Archives of Pathology and Laboratory Medicine, the data for chemistry and for the medical sciences were extracted and published, respectively, in these two periodicals. In order to ascertain the importance of this publication and its usefulness, letters were sent to all members of the divisions of the council with an invitation for a frank expression of opinion. Of the 62 letters received in reply, 7 were neutral, the compilation not being within their fields of interest; 18 felt that the time and money could be more profitably expended elsewhere; and 37 were favorable to the continuation. With this encouragement the service will continue this annual project.

(d) Third census of graduate research students in chemistry. (Reprint and Circular Series No. 78.)

At the request of the division of chemistry and chemical technology, this compilation, which had been done in that office for 1924 and 1925, was assumed this year by the Research Information Service. The most important change in the present publication from those of former years is the table giving the number of graduate research students in each of the universities reporting, classified by subject, and subdivided according to the degree for which they are working. This compilation first appeared in the July, 1927, number of the Journal of Chemical Education, and was reprinted by the council.

(e) List of periodicals abstracted by Chemical Abstracts with key to library files. (Issued by office of Chemical Abstracts, October 20, 1926.)

A most useful piece of cooperation with an outside agency was the key to the location in 224 libraries of the United States and Canada, of the 1,246 periodicals abstracted by Chemical Abstracts. This was done by the service and published with the List of Periodicals issued by Chemical Abstracts. This was the second edition of this information, but enlarged to include the libraries of Canada, as well as any additional American ones.

Bibliographical work. The bibliographical work of the Research Information Service includes work on the bibliographies of bibliographies published from time to time, as well as editing and checking of special bibliographies at the request of the different divisions.

(a) Bibliography of bibliographies in chemistry and chemical technology. This publication was issued in 1925, and it is hoped that a supplement may be issued some time in 1928. With this in mind, about 1,500 entries have been made. While no particular time has been set apart for this work, progress on it is being constantly made.

(b) Bibliography of bibliographies in medicine.-According to the last report from Mr. J. Christian Bay, of the Crerar Library, Chicago, who is compiling this list for the service, the work is progressing steadily, being at this time about two-thirds finished. It is hoped that it will be completed about January, 1928.

(c) Bibliography of bibliographies in astronomy.-Mr. F. E. Brasch, of the Library of Congress, who is compiling this list, reports that while no systematic work is being done at this time, additions are constantly being made. It is expected that intensive work will be begun next January, and that it will be completed about June 1, 1928. (d) Annual Survey of American Chemistry.-The most extensive piece of bibliographic work which has been done by the service this year is the checking and verifying of the 2,500 literature references appearing in volume 2 of the Annual Survey of American Chemistry. This was done at the request of the division of chemistry and chemical technology which is issuing the volume. Much time was spent both in this office and in the libraries of Washington to make these references correct. It may be noted that the Research Information Service edited volumes 1 and 2 of the Survey and prepared the name index for both volumes.

Office routine.-During the year about 600 requests for miscellaneous technical and scientific information have been received and answered. About 3,000 cards have been added to the permanent file of the scientific bibliographies. About 75 requests for photostat copies of articles in inaccessible or current foreign journals have been received and satisfactorily handled. With the aid of a temporary assistant, the catalogues of moving-picture concerns distributing scientific and technical films were indexed and 1,000 entries made as a nucleus for a permanent file. With the view of having at least one copy of every publication issued by the council, or its committees, on file in this office, the Research Information Service has begun the assembling of this material. As very few of the authors send a copy of their publications to the council for filing, this bids fair to be a project requiring much time.

The staff of the Research Information Service for the period covered by this report has consisted of the director, who gives only half time to this office, the assistant to the director, and a stenographer.

ANNUAL REPORT OF THE TREASURER

(July 1, 1926, to June 30, 1927)

To the PRESIDENT OF THE NATIONAL ACADEMY OF SCIENCES: I have the honor to submit the following report as treasurer of the academy for the year from July 1, 1926, to June 30, 1927, and as treasurer of the National Research Council for the same period. Following the usual procedure, the first part of this report is devoted to the National Academy of Sciences, including the general fund and appropriations under the jurisdiction of the custodian of buildings and grounds, while the second part covers the accounts of the National Research Council.

NATIONAL ACADEMY OF SCIENCES

The agreement with the Bank of New York and Trust Co., mentioned in my last report, has continued in force during the year, and provides, among other things, that the investment of funds shall be limited to the classes of securities as shown in the schedule below, and that not over 30 per cent of the funds shall be invested in the securities of any one class. On June 30, 1927, the securities held by the academy and by the research council were classified as follows:

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The total par amount of bonds held by the academy June 30, 1927, $996,000, is $26,300 in excess of those held on June 30, 1926. The total par amount of bonds held by the research council June, 30, 1927, $226,000, is $55,200 less than those held on June 30, 1926. The net decrease in the par value of the bonds held by both for the year is $28,900.

The total book value of the investments held by the academy on June 30, 1927, was $980,045.31, yielding interest at that date at the rate of 5.38 per cent on the sum named. The market value of these

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investments on June 30, 1927, as nearly as could be determined, was $1,011,896 and the interest rate as computed on that sum was 5.21 per cent.

During the year bonds having a par value of $125,000 were purchased at a total cost of $126,148.06. One real estate note, secured by first mortgage, was purchased at par for $8,500. In the same. period, bonds, having a par value of $102,200 and a book value of $104,570.25 were sold or called for redemption. One real estate note for $6,000 was repaid before maturity.

Temporary bonds having a par value of $99,000 were exchanged during the year for bonds of permanent issue.

A refund of $1,500 to a creditor of the estate of George True Nealley was made November 16, 1926, with the approval of council of the National Academy of Sciences, which acted upon the advice of legal counsel retained for that particular purpose. In my last report (p. 99) I mentioned the receipt of $20,896.01 from this estate for the general purposes of the academy. The refund reduces the amount of the Nealley fund to $19,396.01.

A contribution of $25,000 was received March 26, 1927, from the General Education Board for the purpose of promoting a survey of science, education, and experience in the field of forestry in Europe and America. A similar amount from the same source for this purpose was received in the previous year.

The General Education Board also contributed the sums of $6,900 on July 21, 1926, and $3,100 on November 11, 1926, to aid in the publication of scientific research work in accordance with grants approved by the academy. The scientific journals and institutions participating in these grants are recorded elsewhere in this report.

The investment reserve fund was augmented during the year by $2,082.34, representing the profit on bonds sold or called, and was diminished by $1,141.25 by loss sustained in the selling of bonds. The difference between these sums is a net gain of $941.59. The sum of $2,588.66 was transferred to this fund from other funds, representing 5 per cent of the income during the year. The total of the investment reserve fund on June 30, 1927, was $7,755.98, of which $6,972.50 is invested and $783.48 is uninvested.

The total receipts of the academy from gifts, dues, interest on investments, subscriptions, and contributions to Proceedings amounted to $140,259.97.

The miscellaneous disbursements amounted to $142,264.32, and payments on grants and for medals from trust funds amounted to $8,850.09.

The total expenditures up to June 30, 1927, for acquisition of site amounted to $185,764,50, and for erection and equipment of building for the use of the National Academy of Sciences and the National Research Council, paid from funds received from the Carnegie Cor

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