Statutes of the Royal Society. 491 



the Treasurer, without any specific order of the Council for that 

 purpose. 



III. All sums of money, which there shall not be present occasion 

 for expending, or otherwise disposing of to the use of the Society, 

 shall be laid out in such Government or other securities as shall be 

 approved of and directed by the Council. 



IV. The Treasurer shall keep a yearly account of all such Fellows 

 of the Society as pay the sum appointed as the composition in lieu of 

 annual payments ; and also of those who make the annual payments : 

 and in this account shall be noted the times up to which the annual 

 payments have been made, and the arrears due from each Fellow. 



V. The Treasurer shall also keep a book of Cheque Receipts for 

 annual payments, to be filled up with the name of the Fellow paying, 

 the sum paid, and the time for which payment is made ; these 

 Receipts to be signed by the Treasurer, or by the Assistant Secretary 

 receiving the money on the Treasurer's behalf, who, upon the delivery 

 of the Receipt to the Fellow paying, is to enter upon that part of the 

 Cheque which is left in the Book, the above particulars, and also the 

 day of payment. 



VI. The Treasurer shall demand, or cause to be demanded, all 

 arrears of annual payments, as soon as convenient after the first 

 day of May. 



VII. The Accounts of the Treasurer shall be audited annually, a 

 short time preceding the Anniversary Elections, by a Committee 

 consisting of three Members of the Council, of whom the President or 

 one of the Secretaries to be one ; and of three Fellows of the Society 

 not Members of the Council, who are to be nominated by the Presi- 

 dent, with the consent of the major part of the Fellows present, given 

 by ballot at one of the three next preceding weekly meetings ; any 

 one or more of the said three Members of the Council, together with 

 any one or more of the said three Fellows, shall be a Quorum of the 

 said Committee ; the Members of the said Committee who are of the 

 Council shall make their Report to the Council held next after such 

 audit, on or before the Anniversary Election; and the Members 

 of the said Committee who are not of the Council shall make their 

 Report to the Society, upon the Meeting next before the Anniversary 

 Election, or on the day of the said Election. 



VIII. The Treasurer shall have the charge of the Title Deeds of 

 the Society's Estates, the Policies of Insurance, and Securities. 



IX. As soon after the Audit as may be, and before the Anniver- 

 sary Meeting, the Treasurer shall cause an abstract of the Society's 

 Accounts of the preceding year to be printed for the use of the 

 Fellows. 



