. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. REPORT OF THE DIRECTOR. 19 1924 $ 6,8 T925 $ 9-575-00 1926 $11, 1927 $14, 1928 $16, In spite of the very gratifying increase in income, other circum- stances have operated to prevent the appearance of a favorable balance in a business sense. The larger the holdings of the Laboratory the greater become the amounts that must be charged to depreciation and interest. The completion of the new Dormi- tory and Apartment House during the past year have added to these charges the sum of $5, without a cor
. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. REPORT OF THE DIRECTOR. 19 1924 $ 6,8 T925 $ 9-575-00 1926 $11, 1927 $14, 1928 $16, In spite of the very gratifying increase in income, other circum- stances have operated to prevent the appearance of a favorable balance in a business sense. The larger the holdings of the Laboratory the greater become the amounts that must be charged to depreciation and interest. The completion of the new Dormi- tory and Apartment House during the past year have added to these charges the sum of $5, without a corresponding in- crease in income, with the result that there is for 1928 a deficit on paper of $2, This may be compared with similar deficits for 1927 and 1926 of $ and $2,, respectively. How- ever, in view of the very great increase in the depreciation and interest charges for 1928 over the corresponding figures for other years the present showing is in reality decidedly encouraging and it gives grounds for the hope that by a somewhat further lengthen- ing of the season of occupancy of the buildings in question the deficit may ultimately be eliminated completely. As there were no major building operations in 1928 it was possible for the Laboratory after making expenditures from current funds of $8, for books, $4, for equipment and $ for additions and improvements to existing buildings to pay off during the year $11, of its total indebtedness, in the form of mort- gages, of $42, This reduction will very considerably de- crease the future payments of interest and correspondingly im- prove the financial condition of the Laboratory. In addition to the contribution of $15,000 to the Library by the General Education Board and the lectureship and scholarship funds noted elsewhere appreciative mention should be made of gifts to the Laboratory of $ through Dr. Ulric Dahlgren from the Philadelphia Association of the Marine Biologic
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Keywords: ., bookauthorlilliefrankrat, booksubjectbiology, booksubjectzoology
