New Zealand Institute. 551 



Mr. Hamilton moved, and Mr. Chapman seconded, " That 

 the Board take into consideration the question of the advisable- 

 ness of reprinting papers which have appeared in the Trans- 

 actions." Carried. 



Hutton Memorial Fund. — Professor Chilton read the report 

 and statement of receipts and expenditure of the Hutton Me- 

 morial Research Fund Committee, as follows. The report and 

 statement were adopted : — ■ 



The committee begs to submit a statement of the receipts and 

 expenditure in connection with the fund, which shows that since the last 

 report was made further subscriptions to the amount of £12 9s. have 

 been received, and the sum of £18 Is. od. earned as interest, and that the 

 amount now standing to the credit of the fund is £663 2s. 3d. The bulk 

 of this is at present deposited in the Post-Office Savings-Bank, but the 

 committee recommends that arrangements for more profitable investment 

 be made without delay. 



No application for grants from the fund have been received by the 

 committee, probably because the regulations dealing with the matter 

 were not published in the " Transactions of the New Zealand Institute " : 

 the committee therefore recommends that the interest at present accrued 

 be added to the principal. 



The committee also suggests that until the fund reaches the sum of 

 £1,000 a small proportion of the interest- — say, 1 per cent, of the amount 

 invested — be added to the capital every year. 



Full instructions have been sent to London for the striking of the 

 Hutton Memorial Medal, and Professor Arthur Dendy, of King's College, 

 London, has kindly undertaken to attend to the matter on behalf of the 

 committee, and it is hoped that copies of the medal will be received before 

 long. 



The committee is of opinion that it is now necessary to make some 

 arrangements for awarding the medal, and begs to suggest that a small 

 committee be formed of persons living outside New Zealand who are con- 

 versant with the science of geology, zoology, and botany, and that they 

 be asked to make suggestions to the Board of Governors from time to 

 time as to the person who in their opinion is best entitled to receive the 

 medal. 



On behalf of the committee, 



C. Chilton, Hon. Treasurer. 



Statement of Receipts and Expenditure from 1st February, 1907, 



to 31st .December, 1907. 



Receipts. 



Balance on 1st February, 1907 — £ < d £ s. d. 



In Savings-Bank .. .. .. 319 10 4 



In Bank of New Zealand, Christchurch .. 311 9 6 



Cash in hand . . . . . . . . 3 3 



634 2 10 



Subscriptions received . . . . . . . . 12 9 



Interest for 1907 . . . . . . . . . . 18 1 5 



£664 13 3 



