STATUTES OF 1847 137 



their ordinary place of meeting; and also in all other places, where any 

 number of the Fellows meet as a Society, Council, or Committee ; and, being 

 in the Chair, shall be covered, while speaking to or hearing particular Fellows, 

 notwithstanding their being uncovered. 



CHAP. VIII Of the Treasurer and his Accounts. 



I. THK Treasurer, or some person appointed by him, shall receive for the 

 use of the Society all sums of money due or payable to the Society ; and shall 

 pay and disburse all sums due from or payable by the Society ; and shall keep 

 particular Accounts of all such receipts and payments. 



II. Every sum of money payable on account of the Society exceeding Ten 

 Pounds, shall be paid only by order of the Council : but payments for rates 

 or taxes, to any amount, may be made by 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 expend- 

 ing, 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 pay- 

 ments, each Receipt to be signed by himself, and 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 undersigned by the person who shall receive 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 Check 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 five Members 

 of the Council, of whom the President and the Senior Secretary (or in his 

 absence the Junior) to be two ; and of five Fellows of the Society not Members 

 of the Council, who are to be nominated by the President, with the consent of 

 the major part of the Fellows present, given by ballot at one of the three next 

 preceding weekly Meetings ; any three or more of the said five Members of the 

 Council, whereof the President and one of the Secretaries shall be two, together 

 with any three or more of the said five 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 



