ciety, as soon as may be after the adjudication, either iii a separate publi- 

 cation, or iu the next succeeding volume of their Transactions, or in both. 



9. The unsuccessful performances shall remain under consideration, and 

 their authors be considered as candidates for the premium for five years next 

 succeeding the time of their presentment ; except such performances as their 

 authors may, in the meantime, think fit to withdraw. And the Society 

 shall annually publish an abstract of the titles, object, or subject matter 

 of the communications, so under consideration ; such only excepted as the 

 Society shall think not worthy of public notice. 



10. The letters containing the names of authors whose performances shall 

 be rejected, or which shall be found unsuccessful after a trial of five years, 

 shall be burnt before the Society, without breaking the seals. 



11. In case there should be a failure, in any year, of any communication 

 worthy of the proposed premium, there will then be two premiums to be 

 awarded the next year. But no accummulation of premiums shall en- 

 title the author to more than one, premium for any one discovery, inven- 

 tion or improvement. 



13. The premium shall consist of an oval plate of solid standard gold of 

 the value of ten guineas. On one side thereof shall be neatly engraved a 

 short Latin motto suited to the occasion, together with the words : "The 

 Premium of John Hyacinth de Magellan, of London, established iu the 

 year 1786 ;" and on the other side of the plate shall be engraved these words : 



" Awarded by the A. P. S. for the discovery of A. D. " And 



the seal of the Society shall be annexed to the medal by a ribbon passing 

 through a small hole at the lower edge thereof. 



Section 3. The Magellanic fund of two hundred guineas shall be con- 

 sidered as ten hundred and fifty dollars, and shall be invested separately 

 from other funds belonging to or under the care of the Society, and a sepa- 

 rate and distinct account of it shall be kept by the treasurer. 



The said fund shall be credited with the sum of one hundred dollars, to 

 represent the two premiums for which the Society is now liable. 



The treasurer shall credit the said fund with the interest received on the 

 investment thereof, and, if any surplus of said interest shall remain after 

 jjroviding for the premiums which may then be demandable, said surplus 

 shall be used by the Society for making publication of the terms of the 

 said premium, and for the addition, to the said pi'emium, of such amount 

 as the Society may from time to time thiuk suitable, or for the institution of 

 other premiums. 



The treasurer shall, at the first stated meeting of the Society in the 

 month of December annually, make a report of the state of said fund and 

 of the investment thereof. 



