15 



ration, shall sit in judgment, or give his vote in awarding the said 

 premium. 



8. A full account of the crowned subject shall be published by the 

 Society, as soon as may be after the adjudication, either in a separate 

 publication, or in the next succeeding volume of their Transactions, or 

 in both. 



9. The unsuccessful performances shall remain under consideration, 

 and their authors be considered as candidates for the premium for 

 five years next succeeding the time of their presentment; except such 

 performances as their authors may, in the mean time, think fit to with- 

 draw. And the Society shall annually publish an abstract of the 

 titles, object, or subject matter of the communications, so under conside- 

 ration; such only excepted as the Society shall think not worthy of 

 public notice. 



10. The letters containing the names of authors whose performances 

 shall be rejected, or which shall be found unsuccessful after a trial of 

 five years, shall be burnt before the Society, without breaking the 

 seals. 



11. In case there should be a failure, in any year, of any commu- 

 nication worthy of the proposed premium, there will then be two pre- 

 miums to be awarded the next year. But no accumulation of pre- 

 miums shall entitle the author to more than one premium for any one 

 discovery, invention or improvement. 



12. The premium shall consist of an oval plate of solid standard 

 gold, of the value of ton guineas. On one side thereof shall be neatly 

 engraved a short Latin motto suited to the occasion, together with the 

 words; "The Premium of John Hyacinth de Magellan, of London, 

 established in the year 1786;" and on the other side of the plate shall 

 be engraved these words: "Awarded by the A. P. S. for the disco- 

 very of A. D. " And the seal of the Society shall be an- 

 nexed to the medal by a ribbon passing through a small hole at the 

 lower edge thereof. 



Section 2. The Magellanic fund of two hundred guineas shall be 

 considered as ten hundred and fifty dollars, and shall be invested sepa- 

 rately from other funds belonging to or under the care of the Society, 

 and a separate and distinct account of it shall be kept by the treasurer. 



The said fund shall be credited with the sum of one hundred dollars, 

 to represent the two premiums for which the Society is now liable. 



The treasurer shall credit the said fund with the interest received 

 on the investment thereof, and, if any surplus of said interest shall re- 

 main after providing for the premiums which may then be demand- 



