TREASURER'S REPORT.

The annual statement of the Treasurer of Harvard College for the year ending July 31, 1902, which was presented to the Board of Overseers at its meeting on Wednesday, shows that at the end of the fiscal year 1901-1902 the invested funds of the University amounted to $14.114.541.85, and that the income yielded by these investments was $625.548.72. The total amount invested in 1900-1901, which was $13.119.538.61, yielded an income of $567.332.39. The total amount of gifts for capital account (that is gifts for forming new funds or for increasing old ones) was $727.845.58, while that of gifts for immediate use was $367.891.87.

The largest gifts of the year were as follows: From John D. Rockefeller, for new buildings and endowments for the Medical School. $308.758.17; subscriptions from various persons for the new Medical School land, buildings, equipment and endowments, amounting to $189.024.79; for the George Higginson Professorship of Physiology, from Mr. Higginson's children, $100.000.00; from T. Jefferson Coolidge, to establish a fund the income of which shall be used "primarily for laboratory expenses of original investigations by members of the Jefferson Physical Laboratory staff." securities valued at $57,500.00; an unrestricted bequest from the estate of Henry Villard amounting to $50,000.00. The Treasurer has also received from the Committee on the Regulation of Athletic Sports, $41,610.00 in cash and securities valued at $16,309.72, for improvements upon, and additions to, Soldiers Field, to be made by the Committee, with the approval of the Corporation.

A summary of the receipts and payments for the year ending July 31, 1902, shows an increase of the funds and balances, exclusive of gifts for capital account, of $267,157.66, the total receipts being $4,788,956.47 and the total payments $3,793,953.23, distributed as follows:

  Receipts.  Payments.University,  $166,012.09  $122,409.73College,  936,903.35  723,796.70Library,  52,400.66  67,914.16Divinity School,  48,685.57  39,159.30Law School,  122,096.03  79,749.27Medical School,  163,059.77  164,074.36Medical School,New Plant,  1,113,825.57  663,101.36Dental School,  21,511.72  25,898.23Museum of Comparative Zoology,  35,780.90  33,113.31Museum of American Archaeology and Ethnology,  15,869.66  9,870.83Observatory,  91,445.10  57,766.98Bussey Institution,  24,126.57  24,475.39Arnold Arboretum,  66,712.15  23,116.23School of Veterinary Medicine,  319.74  2,167.40Sundry Funds for Special Purposes,  111,570.38  50,808.96Construction Accounts,  38,876.58  309,173.28Sundry Accounts,  1,779,760.63  1,397,357.74  $4,788,956.47  $3,793,953.23  3,793,953.23Net increase of the Funds and balances,  $995,003.24Deduct gifts for capital account,  727,845.58Balance, which is the net increase of Funds and balances, excluding gifts for capital account,  $267,157.6