V 



investment of trust funds by trustees, and shall have the usual powers of 

 trustees in regard thereto. [The President, Hon. Treasurer, and Hon. 

 Secretary may officially give effect to such resolutions as a General 

 Meeting may pass in regard thereto.] 



14a. All moneys received on account of the Institute shall be duly 

 paid to its credit at the Bankers, and all cheques shall be drawn, under 

 authority of the Council, and shall be signed by the Honorary Treasurer 

 and Honorary Secretary. 



15. The accounts shall be audited annually, by a Committee, con- 

 sisting of two Members, — one of whom may be on the Council, — to 

 be elected at an Ordinary Meeting of the Society preceding the 

 Anniversary Meeting. This Committee shall make a written Eeport 

 to the Council at the first Meeting after such audit, and also to the 

 Institute, upon the day of the Annual General Meeting, — stating the 

 balance in the Treasurer's hands and the general state of the funds of the 

 Institute. 



1 6. Both Members and Associates shall have the right to be present 

 to state their opinion, and to vote by show of hands at all General and 

 Ordinary Meetings of the Society ; but Members only shall be entitled to 

 vote by ballot, when a ballot is taken in order to determine any question 

 at a General Meeting. 



§ III. Bye-Laws (Privileges). 



1. A Member or Associate, when elected, shall be so informed by 

 the Secretary in a printed copy of the letters, Form B, in the Appendix. 



2. Members and Associates shall not be entitled to any privileges, or 

 have the right to be present, or to vote at any of the Meetings of the 

 Society, till they have paid the contributions due by them. 



3. Annual subscriptions shall be considered as in arrear, 

 if not paid on or before 31st March in each year, or within 

 three months after election, as the case may be. 



4. Should any annual subscription remain in arrear to the 30th J une, 

 or for six months after election, the Treasurer shall cause v to be forwarded 

 to the Member or Associate from whom the subscription is due, a letter, 

 Form D, in the Appendix, unless such Member or Associate reside out of 

 the United Kingdom ; in which case the Form D shall not be sent unless 

 the subscription continues unpaid till the 30th September. 



