12 
THE PHARMACEUTICAL JOURNAL AND TRANSACTIONS. 
[July G, 1872, 
decided that the Solicitor should he asked to draft a new 
bye-law which would have the effect of preventing any 
motion being brought forward at an annual meeting 
that would affect the legal position of the members with¬ 
out previous notice having been given. The Solicitor 
had drafted three new bye-laws which he would not now 
trouble the Council with; but he would move 
“ That the proposed additions to the bye-laws, as 
drafted by Mr. Flux, be referred for consideration 
to the Parliamentary Committee, who shall also 
report as to the desirability of an alteration in 
the bye-law which requires voting-papers to be 
delivered by post one clear day previous to the 
annual meeting; also as to any other bye-laws 
which appeared to require addition or alteration.” 
Mr. Shaw seconded the resolution, and said he had 
noticed the inconvenience of the bye-law referred to, 
which often had the effect of rejecting a considerable 
number of voting-papers. 
The resolution was carried unanimously. 
The Report was then received and adopted. 
The following names were ordered to be erased from 
the Register:— 
Harriet Buxton.New Cross. 
Thomas Taylor .Skelton-in-Cleveland. 
Shemelds Taylor .Skelton-in-Clevelancl. 
REPORT OF THE BOARD OF EXAMINERS FOR 
ENGLAND AND WALES. JUNE, 1872. 
Candidates. 
Examinations. ^ Examined. 
Passed. 
Failed 
Major . . 13 
8 
5 
Minor . , 42 
26 
16 
Modified • , 44 
27 
17 
99 
61 
38 
Preliminary —Certificates received in 
examination :— 
lieu of 
University of Cambridge 
• • 
2 
„ ,, Durham 
• • 
1 
„ „ Oxford . 
• • 
1 
College of Preceptors . 
o • 
2 
G 
The President read a letter from a candidate at the 
recent Major Examination, complaining of the manner 
in which that examination had been conducted, and 
asking that he might be allowed to compete for the 
Pereira medal, notwithstanding that he had not passed 
with honours. 
A considerable amount of discussion ensued, but the 
general feeling of the Council was, that they could not 
interfere with the decision of the Board of Examiners. 
ArroixT.MENT of Professors. 
Professor Redwood was re-appointed Professor of 
Chemistry and Pharmacy for the ensuing year. 
Professor Bentley was re-appointed Professor of Botany 
and Materia Medica for the ensuing year. 
Professor Attfield was re-appointed Professor of 
Practical Chemistry and Director of the Laboratory for 
the ensuing year. 
William Augustus Tilden, D.Sc., was re-appointed 
Demonstrator for the ensuing year. 
Mr. John Moss was re-appointed Assistant Demon¬ 
strator for the ensuing year. 
Mr. Urwick said the expense of the laboratory was 
<a great weight upon the Society, and he believed ten 
years ago, when the expenses were very much less, 
better results were shown. 
Mr. illiams said he had paid a deal of attention 
to this subject, and would remind Mr. Urwick that, al¬ 
though the laboratory for the past year had not quite 
paid its expenses, on taking the average for the last few 
years, it had been a paying part of the institution ; that 
is to say, it received as much from the students as was 
expended on the professors and demonstrators. 
Mr. Collins was re-elected curator. 
North British Branch. 
The lease of the new premises at Edinburgh for the 
use of the North British Branch of the Society was sub¬ 
mitted by the Solicitor to receive the seal of the Society, 
and it was ordered to be appended. Mr. Mackay ex¬ 
plained that the Society would not take possession until 
November, in consequence of the damp weather in the 
spring having prevented its being in a fit state to re¬ 
ceive their specimens and books, which had accordingly 
been stored in the meantime, and a temporary room was 
taken when required for examinations. He added that 
they had power under the lease to leave at the expiration 
of a year and a half if the rooms were not found suitable. 
Benevolent Fund Investment. 
Mr. Baynes moved the following resolution, of which 
he had given notice :— 
“That the sum of £10,000, or thereabouts, part of a 
large sum now standing to the credit of the Bene¬ 
volent Fund, in Consols, be invested in real secu¬ 
rities, so as to produce a higher rate of interest, and 
that the Finance and Benevolent Fund Committee 
be requested to inquire, and if necessary, confer with 
the Solicitor, as to the best means of carrying out 
this resolution, and to report to the Council.” 
He said that the bye-laws restricted the investment of 
the funds to Government and real securities, or he should 
have wished that a wider scope could have been given 
to them, and that Perpetual Preference Railway Stock 
or India Bonds might have been purchased. Therefore, 
if any alteration were made in the bye-laws, as was con¬ 
templated by the previous resolution, that might be taken 
into consideration at the same time ; but at any rate he 
thought they should endeavour to get the largest interest 
possible, compatible with perfect safety, on the moneys 
invested for the benefit of the Benevolent Fund. 
Mr. Shaw seconded the resolution, saying it had often 
occurred to him that they might get a much larger 
amount of income than they did from their investments. 
He had made inquiries in Liverpool with regard to one 
of the largest insurance companies there, and found that 
they had invested nearly a million and a quarter of 
money on mortgage of freehold and leasehold property, 
yielding 4 per cent. 
Mr. Sandfoiid said he objected, as a matter of prin¬ 
ciple, to dabbling with any other than Government 
securities, and he was glad to find they were restricted 
as to investments. lie would prefer that the Council 
veto the matter at once. 
Mr. Brown said the better way would be to refer it to 
the Finance Committee. 
After some further conversation the resolution was 
withdrawn, and the following substituted, which was 
carried unanimously :— 
“ That it be referred to the Finance Committee to con¬ 
sider whether any more eligible investments can be 
found for the capital of the Benevolent Fund than 
at present, and to consult the Solicitor thereon and 
report to the Council.” 
The Journal Accounts. 
The Secretary read some correspondence which had 
passed between himself and Mr. Wootton, Editor of the 
Chemist and Druggist , the latter having applied to 
know whether the accounts of the Pharmaceutical 
Journal, both during its monthly and weekly publica¬ 
tion were open to the inspection of members, and, if so, 
at what time it would be convenient for him to inspect 
them; the answer returned to him being that the 
matter would be submitted to the Finance Committee. 
Mr. Shaw said the question was simply whether any 
member had a right to inspect the account books of the 
Society, which he presumed was not the case. 
