PROCEEDINGS 



or THE 



GEOLOGICAL SOCIETY OE LONDON 



SESSION 1920-21. 



November 3rd, 1920. 



Mr. E. D. Oldham, F.li.S., President, 

 in the Cliair. 



The List of Donations to the Library was read. 



The Peesideis^t gave notice that a Special General Meeting 

 would be held on Wednesda}^, December 1st, 1920, at 5.15 p.m., 

 at which the following resolutions would be submitted to the 

 Fellows : — 



(1) That the Council be authorized to realize an amount not exceeding- 

 ,£500 from the invested funds of the Society. 



(2) That the Council be authorized to exceed the annual income to the 

 extent of the amount of securities thus sold, hj treating the same as income 

 for the purpose of the scientific publications of the Society. 



The President then said : — 



' In explanation of this notice, I may remind the Society that, when the 

 conditions introduced by the recent war led to a temporary arrest of the 

 scientific publications, the cessation of expenditure resiilting from this 

 enabled the Council to subscribe for =£500 of the National Loan which 

 was being raised in 1917. This money has always been regarded by the 

 Council as standing on a different footing from the other permanent invest- 

 ments of the Society, and it has looked forward to the time when the funds, 

 which were placed at the disposal of the nation in a time of national 

 emergency, would be required for the purpose of overtaking arrears of publica- 

 tion. This time has now arrived : the clearing- up of arrears is in active 

 progress, and the Council expects to be able in its next report to the Society 

 to announce that all arrears of the Quarterly Journal have been cleared off 

 As this will necessitate an expendittire in excess of that sanctioned by the 

 Society at the last Annual General Meeting, the Council is asking for the 



TOL. LXXTir. a 



