360 Appendix. 



handed to him by the said Governors for the same purpose upon trust 

 from time to time to invest the same in the common fund of the Public 

 Trust Office, and to hold the principal and income thereof for the pur- 

 poses set out in the said rules and regulations hereinafter set forth : 



And it is hereby declared that it shall be lawful for the Public 

 Trustee to pay, and he shall pay, all or any of the said moneys, both 

 principal and interest, to the Treasurer of the said New Zealand Insti- 

 tute upon being directed to do so by a resolution of the Governors of 

 the said Institute, and a letter signed by the Secretary of the said Insti- 

 tute enclosing a copy of such resolution certified by him and by the 

 President as correct shall be sufficient evidence to the Public Trustee 

 of the due passing of such resolution : And upon receipt of such letter 

 and copy the receipt of the Treasurer for the time being of the said 

 Institute shall be a sufficient discharge to the Public Trustee : And in 

 no case shall the Public Trustee be concerned to inquire into the adminis- 

 tration of the said moneys by the Governors of the said Institute. 



As witness the seals of the said parties hereto, the day and year first 

 hereinbefore written. 



Rules and Regulations made by the Governors of the New Zealand 

 Institute in relation to the Hector Memorial Research Fund. 



1. The funds placed in the hands of the Board by the Wellington 

 Hector Memorial Committee be called " The Hector Memorial Research 

 Fund," in memory of the late Sir James Hector, K.C.M.G., F.R.S. 

 Ihe object of such fund shall be the encouragement of scientific research 

 in New Zealand, and such fund shall consist of the moneys subscribed 

 and granted for the purpose of the memorial and all other funds which 

 may be given or granted for the same purpose. 



2. The funds shall be vested in the Institute. The Board of Go- 

 vernors of the Institute shall have the control of the said moneys, and 

 may invest the same upon any securities proper for trust-moneys. 



3. A sum not exceeding one hundred pounds (£100) shall be expended 

 in procuring a bronze medal, to be known as the Hector Memorial Medal. 



4. The fund, or such part thereof as shall not be used as aforesaid, 

 shall be invested in such securities as may be approved by the Board 

 of Governors, and the interest arising from such investment shall be 

 used for the furtherance of the objects of the fund by providing thereout 

 a prize for the encouragement of such scientific research in New Zealand 

 of such amount as the Board of Governors shall from time to time 

 determine. 



5. The Hector Memorial Medal and Prize shall be awarded annually 

 by the Board of Governors. 



6. The prize and medal shall be awarded by rotation for the follow- 

 ing subjects, namely — (1) Botany, (2) chemistry, (3) ethnology, (4) geo- 

 logy, (5) physics (including mathematics and astronomy), (6) zoology 

 (inchiding animal physiology). 



In each year the medal and prize shall be awarded to that investi- 

 gator who, working within the Dominion of New Zealand, shall in the 

 opinion of the Board of Governors have done most towards the advance- 

 ment of that branch of science to which the medal and prize are in such 

 year allotted. 



7. Whenever possible the medal shall be presented in some public 

 manner. 



