562 Appendix. 



4. The 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 contribution in connection 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 Board of Governors may, in the manner prescribed in the 

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

 persons or committees who require assistance in prosecuting researches 

 in the zoology, botany, or geology of New Zealand. 



8. There shall be published annually in the " Transactions of the 

 New Zealand Institute" the regulations adopted by the Board as afore- 

 said, a list of the recipients of the Hutton Memorial Medal, a list of the 

 persons to whom grants have been made during the previous year, and 

 also, where possible, an abstract of researches made by them. 



Regulations under which the Hutton Memorial Medal shall be 

 awarded and the research fund administered. 



1. Unless in exceptional circumstances, the Hutton Memorial Medal 

 shall be awarded not oftener than once in every three years ; and in no 

 case shall any medal be awarded unless, in the opinion of the Board, 

 some contribution really deserving of the honour has been made. 



2. The medal shall not be awarded for any research published previous 

 to the 31st December, 1906. 



3. The research for which the medal is awarded must have a distinct 

 bearing on New Zealand zoology, botany, or geology. 



4. The medal shall be awarded only to those who have received the 

 greater part of their education in New Zealand or who have resided in 

 New Zealand for not less than ten years. 



5. Whenever possible, the medal shall be presented in some public 

 manner. 



6. The Board of Governors may, at an annual meeting, Inake grants 

 from the accrued interest of the fund to any person, society, or commit- 

 tee for the encouragement of research in New Zealand zoology, botany, 

 or geology. 



7. Applications for such grants shall be made to the Board before the 

 30th September. 



8. In making such grants the Board of Governors shall give preference 

 to such persons as are defined in regulation 4. 



9. The recipients of such grants shall report to the Board before the 

 31st December in the year following, showing in a general way how the 

 grant has been expended and what progress has been made with the 

 research. 



10. The results of researches aided by grants from the fund shall, 

 where possible, be published in New Zealand. 



11. The Board of Governors may from time to time amend or alter 

 the regulations, such amendments or alterations being in all cases in con- 

 formity with resolutions 1 to 4. 



