108 Nobel prizes for literature and science. [Dec. 



The Chairman reported that the Council had appointed Babu Charu 

 Chandra Bhattacharyya as the Pandit for the Oriental Library of the 

 Society, in the place of Pandit Aunadaprasad Sarasvati, deceased. 



The Chairman announced that in accordance with Rule 38 of the 

 Society's Rules, the names of the following gentlemen had been posted 

 up as defaulting members since the last meeting, and will be removed 

 from the Member List. 



Babu Radhika Raman Chatterjee, 

 Varada Charan Mitra, Esq., I.C.S. 



The General Secretary at the request of the Swedish Academy, 

 Stockholm, called attention to the Nobel prizes for literature and science. 

 The endowment for these prizes is based on the Will, dated 27th Novem- 

 ber 1895, of the late Dr. A. B. Nobel, engineer, who stipulated as 

 follows : 



" The remainder of the fortune which I shall leave shall be disposed 

 of in the following manner : The capital, converted into safe invest- 

 ments by the executors of my Will, shall constitute a fund the interest 

 of which shall be distributed annually as a reward to those who, in the 

 course of the preceding year, shall have rendered the greatest services 

 to humanity. The sum total shall be divided into five equal portions, 

 assigned as follows : 



"(1). To the person having made the most important discovery 

 or invention in the department of physical science. 



"(2). To the person having made the most important discovery 

 or having produced the q^reatest improvement in chemistry. 



"(3). To the author of the most important discovery in the 

 department of physiology or of medicine. 



"(4). To the author liaving produced the most notable literary 

 work in the sense of idealism. 



*'(5). To the person having done the most, or the best, in the 

 work of establishing the brotherhood of nations, for the suppression or 

 the reduction of standing armies, as well as for the formation and the 

 propagation of peace conferences. 



"The prizes will be awarded as follows : For physical science and 

 and chemistry, by the Swedish Academy of Sciences ; for works in 

 physiology or medicine, by the Carolin Institute of Stockholm ; for 

 literature, by the Academy of Stockholm; finally, for the work of peace, 

 by a committee of five members, elected by the Norwegian Stortung. 

 It is my expressed will that nationality shall not be considered, so that 

 the prize may accrue to the most worthy, whether he be a Scandinavian 

 or not." 



