70 



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

 standard gold, of the value of ten 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 discovery of 



, A. D. ." And the seal of the Society shall be 



annexed 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 separately 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 remain after providing for the premiums which 

 may then be demandable, said surplus- shall be used by the 

 Society for making publication of the terms of the said pre- 

 mium, and for such purposes as may be authorized by its char- 

 ter and laws. 



The treasurer shall, at the first stated meeting of the Society 

 in the month of December annually, make a report of the 

 state of said fund and of the investment thereof. 



CHAPTEE XIII. 



OF THE HENRY M. PHILLIPS' PRIZE ESSAY FUND. 



Miss Emily Phillips, of Philadelphia, a sister of Hon. Henry 

 M. Phillips, deceased, presented to the American Philosophical 

 Society, held at Philadelphia for Promoting Useful Knowl- 

 edge, on October 5, 1888, the sum of five thousand dollars for 



