270 
REPORT OF THE ANNUAL MEETING 
ings there shall be paid over from the Trust Funds out of which the grants are made, to the 
Proceedings account, if such action be permissible under the terms of the bequest, a sum 
of money to cover the expense of the publication at a rate of $6.00 per printed page. 
Anent the above report the following recommendations were submitted 
from the Council and adopted- 
That the following recommendations from the Editorial Board of the Proceedings be 
approved by the Academy and that the Home Secretary be instructed to bring these recom- 
dations to the attention of the members of the Academy and the chairmen of the trust funds. 
That members of the Academy be requested to contribute their own papers to the 
Proceedings. 
That the policy of requiring each recipient of a grant for any research from any of the 
special funds to publish an account of the results of the researches under the grant in the 
Proceedings be approved, 
That the Academy request the committees and trustees of the several trust funds of the 
Academy from which grants are made that whenever accounts of researches under grants are 
published in the Proceedings there shall be paid over from the Trust Fund out of which the 
grants are made, to the Proceedings account, if such action is permissible under the terms of 
the bequest, a sum of money to cover the expense of the publication. 
A report was received from the Finance Committee of the Proceedings, 
signed by C. B. Davenport, Chairman, F. R. Lillie, and Raymond Pearl, as 
follows : 
The estimated net cost of the Proceedings for 1918 is $5,600.00. 
The estimated income is as follows: 
From subscriptions (provided each member of the Academy becomes 
responsible for one subscription) $1,800.00 
One-third guarantee fund of $2,500 833 . 00 
Estimated income of Billings Fund 187.00 
Sundry other income (members dues, $850, N.R.C., $400, Dr. Walcott, 
special, $100) ! 1,350.00 
Total estimated income $4,170.00 
Total estimated deficit $1,430.00 
If recommendation of the Editorial Board that space for reports of special grants in Pro- 
ceedings be specially paid for be adopted, this deficit will be reduced to $1,200.00. 
The Committee plans to raise funds to meet this deficit. 
A report was received from the Auditing Committee, signed by C. G. Ab- 
bot, Chairman, W. F. Durand, and A. L. Day, certifying the accuracy of the 
Treasurer's books. 
The Chairman of the Research Council, Mr. Hale, presented a verbal report 
in which he called attention to the printed report of the Research Council which 
had appeared in the Annual Report of the National Academy of Sciences. 
The following amendment to the Constitution was presented from the Com- 
mittee of the Whole and adopted: 
That the constitution be amended by substituting in Article II, Section 1, line 3 (Report, 
1916) the word four for the word six so that it will read for a term of four years .... 
