344 



On the Foreign List. 

 Francois Jean Dominique Arago. | Baron Leopold von Buch, 



List of Fellows elected since the last Anniversary. 

 On the Home List. 



James Apjohn, M.D. 

 John George Appold, Esq. 

 John Allan Broun, Esq. 

 Antoine Jean Fran9ois Claudet, 

 Esq. 



Edward J. Cooper, Esq, 



E. Frankland, Esq. 



John Hall Gladstone, Esq. 



The Earl of Granville. 



The Earl of Harrowby. 



Captain Edward Inglefield, R.N. 



Joseph Beete Jukes, Esq. 

 Robert MacAndrew, Esq. 

 Charles Manby, Esq. 

 The Viscount Palmerston. 

 Joseph Prestwich, Esq, 

 William John Macquorn Rankine, 

 Esq. 



William Wilson Saunders, Esq. 

 William Spottiswoode, Esq. 

 Count P. de Strzelecki. 



The President then addressed the Society as follows : 

 Gentlemen, 



I AM happy that it is in m)'' power again to congratulate you on the 

 progress made in the researches which have been carried on, aided 

 by the Grant the Government have placed at your disposal : after 

 an experience of more than three years we may say with confidence 

 that much has been accomplished. At first there were some mis- 

 givings : continental experience was not altogether relied upon. Al- 

 though it had been very much the practice of foreign governments 

 to take an active part in encouraging the pursuit of science, and with 

 decided success, here the smallest efi'ort in that direction was looked 

 upon by some as an experiment little harmonizing with our institu- 

 tions, our feelings, perhaps our prejudices, and only to be followed 

 by failure and disappointment. It was feared that because occasion- 

 ally there had been some difficulty in employing effectively the small 

 fund which had been bequeathed to us, that therefore there would 

 be increased difficulty in employing a larger fund ; and this no doubt 

 would have happened if there had been restrictions limiting the 

 application of the larger fund to certain specific objects, or if the 

 field of discovery had been of limited extent : the reverse however 

 was the case. Your Council were not embarrassed by any unwise 

 restrictions, and in science there is room for every one. It is one 

 of the deductions of economic science that labour creates a demand 

 for labour; in fact, that where a community is industrious, and 

 labour accumulates and becomes capital, that there the people will be 

 fully employed : the same is true in the inductive sciences, and it 

 is true universally ; there no modifying causes interfere to diminish 

 the force, or limit the application of the great principle, and we see 

 strikingly that as facts accumulate, and facts are the capital of 

 inductive science, fresh employment is everywhere provided for 

 those who are willing to work. T-ake any one of the inductive 



