Mlinates of the Executive Committee of the Board of Trustses
of the University of Kentucky for Monday, January 21, 1924.


     The executive Committee of the Board of Trustees of the
Jniversity of Kentucky met. in regular monthly session at the
-resident's office at the University at 10 otclock a. mi., on
-onday, Jmnuary 21, 1924.   The following members were present:
h. C. Stolli Robert G. Gordon, Rainey T. ,ells, H. MK. Proman.
-tresident Frank L. MocVey and Wellington Patrick9 Secretary of the
Board, were also present.

     The minutes of the previous meeting were approved as published;

     1. knort of the Business Agggtv    The report of the Business
Azqnt was read and orde-red incorporated in the minutes.   The re-
port was as follows:

                                      January 15, 1924

    President F. L. McVey

         Oniversity of Kentucky

    Dear Dr. McVey:

         I am submitting financial report for December 1923,
    and also statement of receipts and expenditures to December
    31, 1923 showing estimated receipts and expenditures from
    January 1, 1924 to June 30, 1924.

         From July 1, 1923 to December 31, 1923. we borrowed
    $150,000.00 to meet current expenses all of * ich with inter-
    est due thereon was ps iO after January 1, 1924.

         The i'reasurer of the Univerisity b s in his hands the
    following warrants issued on abstracts submitted to State
    Auwitor December 25, 1923:
              #4357 Experiment Station           $ 6,171.28
              4358 Extension Fand                 11,565.07
              4359 Agricultural                    3,263.91
              4360 Analysis                        1,500.00

         I have written Mrs. Mary C. East. that wo desire to pay
    the notes due on Smith Hall.

                                      Very truly

                                           D. H. Peak
                                           Business Agent