Hector Memorial Research Fund. 459 



And it is hereby declared that it shall be lawful fur the Public Trustee 

 to pay, and he shall pay, all or any of the said moneys, both principal 

 and interest, to the Treasurer of the said New Zealand Institute upon 

 being directed so to do by a resolution of the Governors of the said 

 Institute, and a letter signed by the Secretary of the said Institute, 

 enclosing a copy of such resolution, certified by him and by the President 

 as correct, shall be sufficient evidence to the Public Trustee of the due 

 passing of such i-esolution : And upon receipt of such letter and copy, 

 the i-eceipt of the Treasurer for the time being of the said Institute shall 

 be a sufficient discharge to the Public Trustee : And in no case shall 

 the Public Trustee be concerned to inquire into the administration of 

 the said moneys by the Governors of the said Institute. 



As witness the seals of the said parties hereto, the day and year first 

 hereinbefore wi-itten. 



Hides and Ber/iddfion^ made hij the Governors of the Neiv Zealand 

 Instifufe in relation to the Hector Memorud Fesearch Fund. 



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

 Hector Memorial Committee be called " The Hector Memorial Research 

 Fund," in memory of the late Sir James Hector, K.C.M.G., F.R.S. 

 Such fund shall consist of the moneys subsci-ibed and granted for the 

 purpose of the memorial, and all other funds which may be given or 

 i;ranted for the same purpose. 



2. The funds shall be vested in the Institute. The Board of Go- 

 vei-nors 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 one hundred pounds (£100) shall be. expended 

 in procuring a bronze medal, to be known as the Hector Memorial Medal. 



4. The fund, or such part thereof as shall not be used as aforesaid, 

 shall be invested in siich securities as may be approved by the Board 

 of Governors, and tlie interest arising from such investment shall be 

 used for the furtherance of the objects of the fund. 



5. The Hector Memorial Medal and Prize shall be awa)-ded annually 

 by the Board of Governors. 



6. The research for which tlie medal and prize are awarded must 

 liave a distinct l)eai-ing on Xew Zealand — (1) Botany, (2) chemistry, 

 (•3) ethnology, (4) geology, (5) physics (including mathematics and as- 

 tronomy), (6) zoology (including animal physiology). 



7. Whenever possible the medal shall be presented in some public 

 manner. 



Award of the Hector ^Iemorial Research Fund. 



1912. L. Cockayne, Pli.D. — For researches in Xew Zealand botany. 



1913. T. H. Easterfield, Ph.D. — For researches in chemistrv. 



