190 RECORD OF THE ROYAL SOCIETY 



the said Committee be paid over to them in order to be dealt with in the 

 same manner as is hereby provided with reference to the annual produce of 

 the said Trust Fund. 



PROVIDED ALWAYS AND IT is HEREBY AGREED AND DECLARED that inasmuch 

 as the Italian Irrigation Bonds are redeemable by annual drawings when 

 and so often as any such Bond shall be drawn so much of the money paid on 

 the redemption of such Bond as shall according to the then market price in 

 London be the value of similar Bonds shall be invested as capital in the 

 purchase of a similar Bond if the same can then be obtained and the residue 

 thereof shall be deemed to be and shall be dealt with as income for all the 

 purposes of these Presents. 



PROVIDED ALWAYS AND IT is HEREBY AGREED AND DECLARED that the entire 

 management of the annual produce of the said Trust Fund shall be entrusted 

 to a Committee to be from time to time appointed by the Council for the 

 time being of the said Royal Society and that the services of such said 

 Committee (like those of the present Meteorological Committee nominated 

 at the request of Her Majesty's Government) shall be entirely gratuitous. 



AND IT is HEREBY FURTHER AGREED AND DECLARED that an annual statement 

 of receipts and expenditure shall be prepared by the said Committee together 

 with anv report or reports that the said Committee may from time to time 

 deem to be desirable and that such statement of receipts and expenditure 

 and such report or reports shall be presented to the said Royal Society and 

 that such report or reports or an epitome or abstract thereof shall be published 

 in the proceedings of the said Royal Society or in such other form as the 

 Council of the said Royal Society may from time to time determine. 



AND IT IS HEREBY FURTHER AGREED AND DECLARED that the aforesaid 



Committee shall make such bye-laws and regulations in reference to their 

 meetings and other proceedings as they may from time to time think proper 

 and that any resolution of the Committee for the payment by the said Royal 

 Society their successors or assigns either to such Committee or to any other 

 person or persons of any moneys under the trusts of these Presents shall be 

 a sufficient warrant for such payment and shall completely exonerate the said 

 Royal Society their successors and assigns. 



PROVIDED ALWAYS AND IT is HEREBY FURTHER AGREED AND DECLARED that if 

 by reason of the said Kew Observatory or any other suitable observatory that 

 may be substituted for the said Kew Observatory being at any time discon- 

 tinued the observations shall cease to be recorded and the investigations shall 

 cease to be made for the space of twelve consecutive calendar months or for 

 such further period (not exceeding in the whole including the before-mentioned 

 twelve calendar months thirty-six consecutive calendar months) as the Council 



