X PEOCEEDINGS OF THE GEOLOGICAL SOCIETY. [vol. Ixx^ii,. 



The Lvell Medal, together with a sum of Twentj-Five Pounds, 

 is awarded to M. Emmanuel de Margerie, in recognition of his 

 devotion to geological science and services to geology. 



The Bigsby Medal is awarded to Dr. Lewis Leigh Fermor, in 

 recognition of the value of his petrographical and mineralogical 

 researches, more particularly in the region of British India. 



The Balance of the Proceeds of the WoUaston Fund is awarded 

 to Dr. Thomas Owen Bosw^orth, in recognition of the value of 

 his geological work carried out both in this country and in South 

 America, and to encourage him in further research. 



The Balance of the Proceeds of the Murchison Fund is aAvarded 

 to Dr. Albert Gilligan, as an acknowledgment of the value of his 

 contributions to the geology and petrography of the Carboni- 

 ferous rocks of England, and to stimulate him to further work. 



A Moiety of the Balance of the Proceeds of the Lyell Geological 

 Fund is awarded to Dr. Herbert Leader Hawkins, in recognition 

 of the value of his palseontological researches, more particularly 

 of his studies on the morphology and evolution of the Echinoidea, 

 and to encourage him in further research. 



A Moiety of the Balance of the Proceeds of the Lyell Geo- 

 logical Fund is awarded to Mr. Cyril Edward Now^ill Bromehead, 

 as an acknow^ledgment of the value of his geological work, 

 more especially on the geology of the Tertiar^^ and Quaternary 

 deposits of the London Basin, and to encourage him in further 

 research. 



Appendix. 



Memorandum on the Finances of the Societv. (Presented to 

 the Council, March 2J:th, 1920.) 



I. Review^ of the Past. 



(1) The activities of the Society may be grouped under five 

 headings : — 



1. Upkeep of apartments. 



2. Administration. 



3. Maintenance of Library 



4. Scientific publications. 



5. Holding' of periodical meetings. 



A further form of activity is that of grants in aid of geological 

 research and investigation : of this the Society has not been neg- 

 lectful, but the expenditure, being mostly provided for by special 

 funds and benefactions, does not appear, except in trivial amount, 

 in the ordinary accounts. 



Of the five headings above, the last three constitute the essen- 

 tial work of the Society, that for which it exists ; the first two 

 are necessary, but ancillar}" to the others. On this ground a strict 

 accountancy should regard them as overhead charges, to be dis- 

 tributed over the other headings in order to ascertain the actual 

 cost of each branch of the real work of the Societv. It would be 



