Annual Report of the Council. 207 



mittee invited the Council of the Society to send repre- 

 sentatives to confer as to the best method of disposing 

 of the surplus funds. The Council instructed its repre- 

 sentatives at the conference to state that, in the opinion 

 of the Council, the best method of disposing of the surplus 

 funds would be to institute a permanent Joule Memorial 

 Fund in connection with the Society, the income from 

 which would be employed, as the Council might from time to 

 time direct, for the encouragement and promotion of science. 

 At the final meeting of the Joule Memorial Committee, it 

 was resolved that, in accordance with this recommendation, 

 the balance of the funds should be presented to the Society, 

 to be used in commemoration of Joule's name, and at the 

 same time the books and papers in connection with the 

 Memorial should be deposited with the Society for safe 

 custody to accompany the similar papers relating to the 

 Chantrey statue of Dalton. 



The books and papers referred to have been duly 

 received, and also the sum of £257. us. od., the surplus of 

 the subscriptions to the Joule Memorial ; the Council has 

 resolved to use this latter gift as the nucleus of a fund to 

 carry out the wishes of the Joule Memorial Committee. It 

 is the desire of your Council to see this fund augmented as 

 opportunities occur. 



After an existence of 114 years, the Society is still 

 almost exclusively dependent on the subscriptions of its 

 members. The Council, therefore, desires to call special 

 attention to this fund. The occasion is the more appropriate 

 as it was the earnest desire of the late Dr. Joule that the utility 

 of the Society might be increased by an adequate extension 

 of its resources in the form of invested funds. 



As will be seen from the accounts, the sum of ^258 has 

 been invested in a twenty years' loan to the Manchester 

 Corporation, bearing 3 % interest, and terminable on the 

 25th March, 1914. 



