1895.] The Trusts of the Royal Society. 211 



sum of 300, the interest of which, or the principal, or both, are from 

 time to time to be applied in the purchase of works on the same or 

 kindred subjects to be added to the collection. The fund, which has 

 been placed on deposit at the bankers, now amounts to 311 19s. It 

 is proposed to invest a portion of f it in Consols. 



No. 16. THE GUNNING FUND. 



In 1891 His Excellency Dr. Robert Halliday Gunning gave th& 

 Society his bond for 1000 bearing interest at 4 per cent, to form a 

 fund the annual income of which shall be applied triennially towards 

 the promotion of Physical Science and Biology in such manner as 

 to the President and Council may appear most desirable. The three- 

 years' income, amounting to 120, has now been received, and the 

 disposal of it awaits the decision of the President and Council. 



No. 17. THE BUCHANAN MEDAL FUND. 



This fund dates from February, 1894, when a sum of 276 12s.. 

 and the dies for a medal were offered to the Society by the Com- 

 mittee of the Buchanan Fund. The amount has been invested in the- 

 purchase of 258 9s. 2d. Metropolitan 3 per cent. Stock, producing 

 rather less than 8 per annum. The medal, which is to be of gold 

 and of the value of about twenty guineas, is to be awarded every 

 three or five years for distinguished service in Hygienic Science- 

 or Practice, in the direction either of original research or of pro- 

 fessional, administrative, or constructive work. The balance in 

 hand is to accompany the medal, which is to have no limit as to 

 nationality. The first medal was given to Lady Buchanan by the 

 subscribers to the fund. 



Such is a brief account of the seventeen Trusts which at the present 

 time the Society is called upon to administer, and I have only to add 

 that the whole of the accounts of the Society, whether for general 

 purposes or for the Trust Funds, are under the immediate care of 

 Mr. W. B. Keen, a chartered accountant of the highest standing. 



