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WEDNESDAY, NOVEMBER 27th, 1903. 



The last Ordinary Monthly Meeting of the Society for the 

 Session was held in the Linnean Hall, Ithaca Road, Elizabeth 

 Bay, on Wednesday evening, November 25th, 1903. 



Mr. Henry Deane, M.A., F.L.S., Arc, Vice-President, in the 

 Chair. 



The Chairman made a preliminary announcement respecting 

 the Macleay Fellowships Endowment— the late Sir William 

 Macleay's last and crowning benefaction to Science. Subject to 

 a life-interest in the principal on the part of his widow, lately 

 deceased. Sir William bequeathed to the Society the sum of 

 £35,000, for the foundation and endowment of Research Fellow- 

 ships, tenable by graduates in Science of the University of 

 Sydney upon certain conditions specified in the testamentary 

 directions. On the 24th of last month the executors paid to the 

 Society the sum of .£33,250, which the Council had since invested 

 at 4 per cent, per annum. As the rate was lower than that 

 obtainable from similar investments at the time the will was made, 

 and as the sum mentioned therein was subject to a 5 per cent, 

 deduction for probate duty, the annual income available would 

 certainly be less than Sir William contemplated; and consequently 

 some slight modification of his plans would be necessary. Under 

 the most favourable circumstances the Council could not expect 

 to be in a position to make appointments before about the 

 middle of next year. In the meantime the settlement of pre- 

 liminary matters was receiving the Council's earnest consideration- 



The Donations and Exchanges received since the previous 

 Monthly Meeting, amounting to 12 Vols., 59 Parts or Nos., 37 

 Bulletins, 8 Reports, and 5 Pamphlets, received from 42 Societies, 

 ikc, and 3 Individuals, were laid upon the table. 



