Vv 
investment of trust funds by trustees, and shall have the usual powers of 
trustees in regard thereto. [The President, Hon. Treasurer, and Hon. 
Secretary may officially give effect to such resolutions as a General 
Meeting may pass in regard thereto. | 
14a. All moneys received on account of the Institute shall be duly 
paid to its credit at the Bankers, and all cheques shall be drawn, under 
authority of the Council, and shall be signed by the Honorary Treasurer 
and Honorary Secretary. 
15. The accounts shall be audited annually, by a Committee, con- 
sisting of two Members,—one of whom may be on the Council,—to 
be elected at an Ordinary Meeting of the Society preceding the 
Anniversary Meeting. This Committee shall make a written Report 
to the Council at the first Meeting after such audit, and also to the 
Institute, upom the day of the Annual General Meeting,—stating the 
balance in the Treasurer’s hands and the general state of the funds of the 
Institute. 
16. Both Members and Associates shall have the right to be present 
to state their opinion, and to vote by show of hands at all General and 
Ordinary Meetings of the Society ; but Members only shall be entitled to 
vote by ballot, when a ballot is taken in order to determine any question 
at a General Meeting. 
§ IIL. Bye-Laws (Privileges). 
1. A Member or Associate, when elected, shall be so informed by 
the Secretary in a printed copy of the letters, Form B, in the Appendix. 
2. Members and Associates shall not be entitled to any privileges, or 
have the right to be present, or to vote at any of the Meetings of the 
Society, till they have paid the contributions due by them. 
3. Annual subscriptions shall be considered as in arrear, 
if not paid on or before 31st March in each year, or within 
three months after election, as the case may be. 
4, Should any annual subscription remain in arrear to the 30th June, 
or for six months after election, the Treasurer shall cause to be forwarded 
to the Member or Associate from whom the subscription is due, a letter, 
Form D, in the Appendix, unless such Member or Associate reside out of 
the United Kingdom ; in which case the Form D shall not be sent unless 
the subscription continues unpaid till the 30th September. 
