Report of the Treasurer [ 39 ] Bryan Fund Fund Balance at Beginning of Year—January 1,1973 $ 236,827.90 EXPENDITURES: Paintings purchased $ 13,000.00 Fund Balance at End of Year—December 31, 1973 . . $ 223,827.90 Harper Funds Fund Balance at Beginning of Year—January 1,1973 $ 461,367.69 Investment income from Harper Accumulating Fund .... 5,921.02 Loss on sales of securities during 1973 (11,867.53) Fund Balance at End of Year—December 31,1973 . . $ 455,421.18 Summary as of December 31,1973 Reserve for Pensions $ 37,672.18 Reserve for Special Purchases 170,614.80 Total General Fund (Income Balances) $ 208,286.98 Special Funds (Income Balances) Bryan Fund $ 21,420.90 Harper Funds 86,403.85 Other 176,908.60 Total Special Funds (Income Balances) $ 284,733.35 Principal Other than Harper Funds $11,844,937.34 Bryan Fund 223,827.90 Harper Funds 455,421.18 Total Principal $12,524,186.42 Total All Funds $13,017,206.75 Respectfully submitted, Lucius Wilmerding, Jr., treasurer The financial records of the Society for the calendar year 1973 have been audited by Messrs. Boyce, Hughes & Farrell, Certified Public Accountants, whose report is on file in the Director's Office.