OCTOBEE 5, 1900.] 



SCIENCE. 



501 



All the investments of the fund must be 

 examined and verified at least once a year. 

 The representatives of the corporations 

 have the right to decide, after the report 

 of the examiners, whether the board of 

 administration or any one of its members 

 shall be discharged, or any other action 

 taken against them. The King determines 

 the salary of the managing director. The 

 tenth part of the yearly net income of the 

 principal fund is added to the capital ; the 

 interest of the sum destined for the prizes 

 is added to the same fund until the distribu- 

 tion in prizes or otherwise. 



TRANSIENT PROVISIONS. 



Immediately after the approval of the 

 King of the statute of endowment, the 

 corporations will designate the stipulated 

 number of representatives, who will as- 

 semble at Stockholm and elect the mem- 

 bers of the board of administration, who 

 will have the management of the endow- 

 ment fund at the beginning of the year 

 1901. The executors of the will will take 

 appropriate measures to terminate the set- 

 tlement of the succession. The first dis- 

 tribution of prizes for all sections will take 

 place, if possible, in 1901. From the en- 

 dowment resources will be deducted : First, 

 a sum of 300,000 crowns ($80,000) for each 

 section — that is, 1,500,000 crowns ($402,- 

 000) in all — which, with the interest com- 

 mencing from the 1st of January, 1900, will 

 be used to cover, in proportion, the expenses 

 of the organization of the ISTobel institutes 

 in addition to the sum the board of admin- 

 istration shall judge necessary for the ac- 

 quisition of a special site destined for the 

 administration of the endowment and in- 

 cluding a hall for its meetings. 



SPECIAL RULE GOVERNING THE AWARDING OF 



THE NOBEL PRIZES BY THE ACADEMY 



OF SCIENCES, ETC. 



The right of presenting proposals for 

 prizes belongs to — 



1. Ifative and foreign members of the 

 Royal Academy of Sciences. 



2. Members of the Nobel committees for 

 natural philosophy and chemistry. 



3. Professors who have received the 

 Nobel prize of the Academy of Science. 



4 . Ordinary and extraordinary professors 

 of natural sciences and chemistry in the 

 universities of Upsal, Lund, Christiania, 

 Copenhagen and Helsingfors, in the Carolin 

 Institute of Medicine and Surgery, the 

 Superior Technical Eoyal School, as well 

 as to the professors of the same sciences in 

 the Stockholm High School. 



5. Incumbents of corresponding chairs 

 of at least six universities or high-schools, 

 which the Academy of Science will select, 

 taking care to divide them suitably between 

 the different countries and their universi- 

 ties. 



6. Learned men, to whom the Academy 

 shall judge proper to send an invitation to 

 this effect. 



The invitations shall be sent every year 

 . in the month of September. Proposals for 

 the prize must be made before February 1st 

 of the following year. They are classified 

 by the Nobel committee and submitted to 

 the college of professors. The Nobel com- 

 mittee decides which of the works presented 

 shall be submitted to a special examination. 

 The college of professors will pronounce 

 definitely on the distribution of the prize in 

 the course of the month of October. The 

 vote is taken in secret ; if necessary, the 

 question may be decided by drawing lots. 



SPECIAL RULE GOVERNING THE AWARDING OF 



THE NOBEL PRIZE BY THE SWEDISH 



ACADEMY, ETC. 



The right to present candidates for the 

 Nobel prize belongs to the members of 

 the Swedish Academy, the French Acad- 

 emy, and the Spanish Academy, which re- 

 sembles the Swedish Academy in their or- 

 ganization and aim ; to the members of the 



