764 Proposals for Forming 



every year, namely, on the 25th of the month of March, examine 

 and audit the accounts of the receipts and expenditures of the Insti- 

 tution, kept by the managers or by their orders ; and the report of 

 the committee of visitors on this audit will always make the first 

 article in their public annual reports. 



5/0. A person actually serving as a visitor will not be eligible 

 as a manager, nor can his name be put on the list of candidates for 

 that office till one whole year shall have elapsed after he shall have 

 ceased to belong to the committee of visitors. Those, however, 

 who serve as visitors will be capable of being re-elected on that 

 committee without limitation. 



Miscellaneous Articles. 



into. The managers will take care to procure, and to exhibit in 

 the repository, as early as possible, models of all such new and use- 

 ful mechanical inventions and improvements as shall, from time to 

 time, be made in this or in any other country. 



zdo. All presents to the Institution, and all new purchases and 

 acquisitions of every kind, will be and remain the joint property of 

 the proprietors of the Institution, and of their heirs and assigns ; 

 and all the surplus of the income of the Institution, over and above 

 what shall be found necessary for maintaining it and keeping it 

 up, will be employed by the managers in making additions to the 

 local accommodations of the Institution, or in augmenting the col- 

 lection of models, or in making additions to the philosophical appa- 

 ratus, accordingly as the managers of the Institution for the time 

 being shall deem most useful. 



3//0. In order that the proprietors of the Institution, and the 

 subscribers, may have the earliest notice of all new discoveries and 

 useful improvements that shall be made, from time to time, not only 

 in this country but also in all the different parts of the world the 

 managers will employ the proper means for obtaining as early as 

 possible, from every part of the British empire and from all foreign 

 countries, authentic accounts of all such new and interesting 

 discoveries in the various branches of science and in arts and 

 manufactures, and also of all such new and useful mechanical im- 

 provements as shall be made ; and a room will be set apart in the 

 Institution where all such information will be lodged, and where it 

 will be kept for the sole and exclusive use and inspection of the 

 proprietors and subscribers, and where no stranger will ever be 

 admitted. 



