552 New Zealand Institute 



Expenditure. 

 Design for Hutton Medal 

 Bank charges 

 Balance, 31st December, 1907 — 



In Savings- Bank 



In Bank of New Zealand, Christchurch 



Audited and found correct. — G. E. Way, F.I.A.N.Z., Auditor. 

 Christchurch, 29th January, 1908. 



A letter, dated Christchurch, 29th August, 1907, from Mr. 

 T. Iredale, was read, askiug for a grant from the Hutton 

 Memorial Eesearch Fund. Moved by Mr. Petrie, seconded b} r 

 Mr. Hill, " That the letter be received." Carried. 



Mr. Chapman moved, and Mr. Young seconded, " That the 

 Hutton Memorial Eesearch Fund, now in the hands of the 

 committee, be transferred to the New Zealand Institute, and 

 the Hutton Memorial Committee be discharged." Carried. 



The Board went into committee to consider the regulations 

 of the Hutton Memorial Medal and Eesearch Fund. 



The Board resumed, and the amendments made in com- 

 mittee were reported and adopted, the regulations, as amended, 

 being as follows : — 



The Hutton Memorial Medal and Research Fund. 



Resolved by the Board of Governors of the New Zealand Institute 

 that — 



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

 of subscribers to the Hutton Memorial Fund be called " The Hutton 

 Memorial Research Fund," in memory of the late Captain Frederick Wol- 

 laston Hutton, F.R.S. Such fund shall consist of the moneys subscribed 

 and granted for the purpose of the Hutton 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 Governors 

 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 £100 shall be expended in procuring a bronze 

 medal to be known as " The Hutton Memorial .Medal." 



4. Tli«' fund, or such part thereof as shall not be used as aforesaid) 

 shall be invested in such securities as aforesaid as may be approved of by 

 the Board of Governors, and the interest arising from such investment 

 shall be used for the furtherance of the objects of the fund. 



5. The Hutton Memorial .Medal shall be awarded from time to time 

 by the Board of Governors, in accordance with these regulations, to persons 

 who have made some noticeable eon I ri but ion in 001 meet ion with the zoology, 

 botany, or geology of New Zealand. 



6. The Board shall make regulations setting out the manner in which 

 the funds shall be administered. Such regulations shall conform to the 

 terms of the trust. 



7. The Hoard of Governors may, in the manner prescribed in the 

 regulations, make grants from time to time from the accrued interest to 



