Encouragement of the publication of works or of collections relating to international law which, notwithstanding their evident scientific interest, are not, by reason of their limited commercial market, of interest to publishers. Resolutions Recommended to the Board of Trustees for Adoption To carry out the recommendations which have been approved by the Executive Committee, the following resolutions relating to the budget for the ensuing fiscal year, are submitted for adoption by the Board: Resolved, That the sum of forty-three thousand, eight hundred and ninety-five dollars be, and it is hereby, appropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, for the purposes of administration, and charged to the current income for that year. Resolved, That the sum of twelve thousand and twenty dollars be, and it is hereby, appropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, for the purposes of the library and publication of the Year Book. Resolved, That the sum of two hundred and twenty-one thousand, five hundred dollars be, and it is hereby, appropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, for the Division of Intercourse and Education, and charged to the current income for that year. Resolved, That the sum of one hundred and thirty-four thousand dollars be, and it is hereby, appropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, for the Division of Economics and History, and charged to the current income for that year. Resolved, That the sum of seventeen thousand, six hundred dollars be, and it is hereby, reappropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, to complete contracts of the Division of Economics and History the allotments for which will revert to the treasury on June 30, 1914. Resolved, That the sum of one hundred and twelve thousand, five hundred and sixty dollars be, and it is hereby, appropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, for the Division of International Law, and charged to the current income for that year. Resolved, That the sum of twenty thousand dollars be, and it is hereby, reappropriated to be expended under the direction of the Executive Committee during the fiscal year ending June 30, 1915, to provide for the balance of the allotment for the Academy of International Law, established under the auspices of the Division of International Law, which will revert to the treasury on June 30, 1914. Resolved, That to meet unforeseen emergencies as they arise during the fiscal year ending June 30, 1915, the sum of fifty thousand dollars be, and it is hereby, appropriated as a separate fund from the unappropriated balance of the income of the Endowment to be specially allotted by the Executive Committee in its discretion. To carry out the other recommendations of the Executive Committee, the following resolutions are submitted for adoption by the Board: Resolved, That in case the respective sums appropriated from time to time by the Board can not be usefully expended for some, and additiona! sums are required for other, of the purposes specified in the appropriations, the Executive Committee is hereby authorized to transfer balances from one to another of said purposes. Resolved, That the Board hereby approves the policy recommended by the Executive Committee at its meeting on February 21, 1914, of establishing a relation between subventions from the funds of the Endowment and the other sources of revenue of the various subventionaires. Resolved further, That for the year 1915-16 the relation referred to shall not exceed the ratio of three to one, that is to say, that within the limits of the funds of the Endowment which are available for the purpose, the various subventionaires shall receive from the funds of the Endowment not more than three dollars for each dollar raised from other sources during the previous year, and that after the year 1915-16 some similar principle of proportionate allotment shall prevail as a policy of the Endowment. Respectfully submitted, ELIHU ROOT, Chairman JAMES BROWN SCOTT, Secretary AUSTEN G. Fox ANDREW J. MONTAGUE HENRY S. PRITCHETT CHARLEMAGNE TOWER WASHINGTON, D. C., March 17, 1914. |