THE TRUSTS OF THE SOCIETY IM 



No. 13. HUGHES MEDAL FUND. 



Under the will of the late Professor David Edward Hughes, IK - . uh,, 

 died in January, 1900, a bequest] of 4,000 was made to f 

 with a direction to award the income annually as a prize either in money or in 

 the form of a medal, or partly one and partly the other, for the reward of 

 original discovery in the Physical Sciences, particularly Electricity and Mag- 

 netism, or their applications, the prize or medal to be given under condit 

 to be fixed from time to time by the Society on lines similar to those followed 

 in the bestowal of the Copley, Rumford, and Royal Medals. 



The Council accordingly decided to award annually a gold medal, to be 

 called the ' Hughes Medal ', not exceeding in value the sum of 20, together 

 with the balance of the income of the fund, to such person as the President 

 and Council may consider the most worthy recipient, without restriction of sex 

 or nationality, as the reward of original discovery in the Physical Sciences, 

 particularly Electricity and Magnetism, or their applications, such discovery 

 or applications having been published not less than one year before the 

 award (p. 216). 



The capital of the fund consists of ,2,099 13s. Sd. Bath Corporation 3 per 

 cent. Redeemable Stock, and ,2,094 6$. 6d. Local Loans 3 per cent. Stock. 



No. 14. THE JODRELL FUND. 



The late Mr. T. J. Phillips Jodrell, in 1876, placed at the disposal of the 

 Society the sum of ,6,000, at first with the intention of encouraging in this 

 country original research in the Physical Sciences, but subsequently, in the 

 same year, with directions to apply the proceeds as part of the ordinary 

 revenue of the Society. In 1879, 1,000 was, by Mr. JodrelPs directions, 

 transferred to the Fee Reduction Fund, and the remaining <5,000 is repre- 

 sented by the sum of <5,182 Us. IQd. 2% per cent. Consols. 



On the death of Mr. Jodrell, in 1889, the proceeds of the fund, in accord- 

 ance with a letter from him of April 5, 1878, devolved to and were incor- 

 porated with the Donation Fund. The income is at present about ,128. 



No. 15. THE JOULE MEMORIAL FUND. 



In 1890 the Joule Memorial Committee transferred to the Society the 

 balance in their hands, the proceeds to be applied for the encouragement of 

 research, both in England and abroad, especially amongst younger men, in 

 those branches of physical science more immediately connected with Joule's 

 work. According to the regulations made by the Council (see ' Year-book '), 

 a studentship or grant is to be made every second year to assist research as 

 already specified. These grants are to be made alternately in Great Britain 

 and abroad. The fund consists of 1,000 London, Brighton, and South Coast 

 Railway Guaranteed 5 per cent. Stock and <47 19*. 2d. 2% per cent. Annuities, 

 the annual income being about 50. 



