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ANNUAL REPORT

OF THE

TENNESSEE

VALLEY

AUTHORITY

For the Fiscal Year Ended

June 30, 1937

UNITED STATES

GOVERNMENT PRINTING OFFICE

WASHINGTON: 1937

LIBRARY
UNIVERSITY OF CALIFORNIA

DAVIS

Copies of this publication may be procured from the Superintendent of Documents, United States Government Printing Office, Washington, D. C., at 60 cents per copy

LETTER OF TRANSMITTAL

TENNESSEE VALLEY AUTHORITY,

December 31, 1937.

To the President and the Senate and House of Representatives:

The Tennessee Valley Authority has the honor to submit herewith its fourth annual report. In this report the Board of Directors presents and interprets the facts concerning its activities in carrying out, during the fiscal year ending June 30, 1937, the program entrusted to it.

Respectfully,

TENNESSEE VALLEY AUTHORITY,
JAMES LAWRENCE FLY, Secretary.

By order of the Board of Directors.

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