THE TRUSTS OF THE SOCIETY 185 



the income shall be administered, and appointments to the Fellowships made, 

 by a Committee consisting of 



(1) Four persons appointed by the Council of the Royal Society ; 



(2) One person appointed by the Council of the University of Sheffield; and 



(3) Two persons appointed by the Senate of the University of Sheffield. 

 The scheme and rules are set out in the ' Year-book '. 



The capital of the fund is invested in ^l 5,503 16*. 6d. India 3-| per cent. 

 Stock, and .246 5s. 6d. 2^ per cent. Consols. 



No. 22. SYLVESTER MEDAL FUND. 



Soon after the death of Professor J. J. Sylvester, F.R.S., in 1897, 

 a number of his friends considered the advisability of founding some suitable 

 memorial in honour of his name and life-work. The suggestion met with 

 a ready response from all parts of the world, and a powerful and represen- 

 tative International Committee was formed. A sum of nearly ,900 was 

 subscribed, and it was decided to found a medal and prize for the encourage- 

 ment and reward of working mathematicians throughout the world. The 

 Council of the Royal Society undertook the trust conditionally upon the 

 medal being awarded triennially and irrespective of nationality. A medal, 

 accompanied by a grant of the balance of the Sylvester Medal Fund, is 

 accordingly awarded triennially for the Encouragement of Mathematical 

 Research. The fund is invested in ,795 16*. 5d. Local Loans Stock (see 

 p. 216). 



No. 23. THE TRAVELLING EXPENSES FUND. 



In 1908 Professor A. Schuster, F.R.S., gave .1,500 to the Society to form, 

 together with any additions that might be made thereto at any time by 

 voluntary contributions, the capital of a fund, of which the income is to be 

 used to pay the travelling expenses of the delegates sent by the Royal Society 

 to the meetings of the International Association of Academies, and, when 

 a sufficient balance has accumulated, to pay the travelling expenses of the 

 Royal Society delegates to other international meetings, and the maintenance 

 of such delegates. The regulations for the administration of the fund, settled 

 in accordance with the wishes of Professor Schuster, are to be found in the 

 * Year-book \ 



The capital of the fund is invested in ,1,504 19*. 6d. Bristol Corporation 

 3 per cent. Redeemable Stock. 



No. 24. THE TYNDALL MINING RESEARCH FUND. 



In 1910 Mrs. Tyndall, in pursuance of a wish expressed by her husband, the 

 late Professor Tyndall, F.R.S., entrusted to the Society the sum of <1,000, to 

 be administered at the discretion of the President and Council for the purpose 

 of encouraging and furthering research in all matters pertaining to mining, 



