I@UI@IIUUII@II@1111111 HII@I@I@liiiUIIU - HPS Repository ...

56 MARINE BIOLOGICAL LABORATORY
and Albert Szent-Györgyi. From the estate of Dr. Herbert W. Rand we acquired
60 books. We were extremely happy to get these, as many of them have been used
to replace worn copies, many of which have been long out-of-print.
In November, work was started on Library alterations. These renovations cover
extensive improvements in the stacks, new offices for the Staff, a rare-books room,
a catalogue room and a photoprint room. It is anticipated that these changes
will be advantageous to our readers and will increase the efficiency of the services
rendered by the Staff.
Respectfully submitted,
DEBORAH L. HARLOW,
Librarian
VI. REPORT OF THE TREASURER
The market value of the General Endowment Fund and the Library Fund at
December 31, 1963, amounted to $2,155,489 as against book value of $1,242,896.
This compares with values of $1,994,709 and $1,242,771, respectively, at the end
of the preceding year. The average yield on the securities was 3.64% of the
market value and 6.31% of book value. The total uninvested principal cash in
the above accounts as of December 31, 1963, was $431.33. Classification of the
Securities held in the Endowment Funds appears in the Auditor's report.
The market value of the pooled securities as of December 31, 1963, was $390,026
with uninvested principal cash of $168.26, the market value at December 31, 1962,
being $353,243. The book value of the securities in this account was $315,196 on
December 31, 1963, compared with $302,453 a year earlier. The average yield
on market value was 3.36% and 4.16% of book value.
The proportionate interest in the Pool Fund Account of the various Funds as
of December 31, 1963, is as follows:
Pension Funds 31.117%
General Laboratory Investment 48.642
Other:
Bio Club Scholarship Fund 1.393
Rev. Arsenius Boyer Scholarship Fund 1.705
Gary N. Calkins Fund 1.596
Allen R. Memhard Fund 310
F. R. Lillie Memorial Fund 5.376
Lucretia Crocker Fund 5.819
E. G. Conklin Fund 983
Jewett Memorial Fund 517
M. H. Jacobs Scholarship Fund 702
Anonymous Gift 1.840
Donations from the MBL Associates for 1963 were $4,295.00, as compared with
$5,305 for 1962. Unrestricted gifts from foundations, societies and companies
amounted to $24,990.