Vol. 50.] ANNUAL REPORT. II 



At the end of 1892 there was 1 vacancy in the list of Foreign 

 Members. During the year which has just elapsed the Society has 

 lost by death 3 Foreign Members and 3 Foreign Correspondents. 



These vacancies were partly filled by the election of 4 Foreign 

 Members and 5 Foreign Correspondents, but at the end of 1893 

 there were still 2 vacancies in the list of Foreign Correspondents. 



The Society's Income and Expenditure in the year under review 

 may be summarized as follows: — 



The total Receipts amounted to .£2750 38s. 10cZ., being 

 .£205 4s. Qd. more than the estimated Income for 1893. On the 

 other hand, the total Expenditure during that year (leaving out of 

 account the sum of £502 15s. 3d. expended in the purchase of 

 £300 London, Brighton, and South Coast Eailway 5 / o Consolidated 

 Preference Stock) amounted to £2204 17s. 6d., being less by 

 £258 4s. than the estimated Expenditure for 1893. The actual 

 excess of Receipts over current Expenditure in that year was 

 £546 Is. 4d. 



The Council are glad to report that the Invested Funds of 

 the Society have now reached the sum of £10,729 lis., and they 

 feel that the time has arrived when the question of safeguarding 

 by investment the interests of Compounders may be reopened. 



It may be mentioned here that the London and North-western 

 Railway Company, having obtained the necessary powers, converted 

 their 4 c / Debenture Stock (in which the Murchison Geological Fund 

 was invested) into a 3°/ similar stock, at the rate of £133 6s. 8c/. 

 for every £100 of the former. A small amount was expended out 

 of the Society's general funds to make up an even £, and the amount 

 of Stock now held for the Murchison Trust Account is £1334. 



The Council have pleasure in announcing the completion of 

 Volume XLIX. and the commencement of Volume L. of the 

 Society's Journal. In the preface to the first volume of the Journal, 

 issued in 1845, the hope was expressed that here was the com- 

 mencement of a series extending over many years. That hope has 

 been fulfilled, and it will be the endeavour, as it is the desire, of 

 the Council to maintain in the future the same high standard as 

 that which has distinguished the Society's Journal during its first 

 half-century. 



The following awards of Medals and Memorial Funds have been 

 made by the Council : — 



The Wollaston Medal is awarded to Geheimrath Professor Karl 

 Alfred von Zittel, For.Memb.G.S., in recognition of the important 

 services rendered by him to Geological Science, especially in the 

 department of Palaeontology. 



The Murchison Medal, together with a sum of Ten Guineas from 

 the Proceeds of the Fund, is awarded to Mr. AV . Talbot Aveline, 

 F.G.S., in recognition of the value of his work amongst the ancient 

 rocks of the British Isles. 



The Lyell Medal, and a sum of Forty-six Pounds from the Proceeds 

 of the Fund, is awarded to Professor John Milne, F.R.S., in testimony 

 of appreciation of his investigations in Seismology. 



