May 24, 1873.] 
THE PHARMACEUTICAL JOURNAL AND TRANSACTIONS. 
927 
Dr. BENEVOLENT FUND, 1872. £ r . 
£ s. d. £ s. d. 
Twelve Annuitants, each receiving £30 . . 360 0 0 
One quarter’s payment to Midsummer (An¬ 
nuitant now deceased). 7 10 0 
Two months’ payment to Christmas (two 
Annuitants elected October, 1872) ... 10 0 0 
- 377 10 0 
Widow of a late Annuitant at Jersey . . . 7 10 0 
Widow of a Registered Chemist and Drug¬ 
gist, London, age 47 . 1000 
Orphan Daughter of a late Member at 
Southampton (fifth grant).10 0 0 
Member residing at Clapham, age 56 . . . 15 0 0 
Ditto (second graut).10 0 0 
Widow of a late Member at Tring, age 62 . 15 0 0 
Registered Chemist and Druggist at Shef¬ 
field, age 63 . 15 0 0 
Widow of a Registered Chemist and .Drug¬ 
gist, London, age 35.10 10 0 
Wid -w of a Registered Chemist and Drug¬ 
gist at Lmdport, age 41. 20 0 0 
Member residing iu London, age 55 . . . 10 0 0 
Registered Chemist and Druggist residing 
at Hamilton, age 43 . 10 0 0 
Member residing at Peckham, age 51 . . 5 0 0 
Widow of a late Annuitant at Tenbury, age 
64 (third grant). 1000 
- 148 0 0 
Postage .. 995 
Printing and Stationery. 28 5 0 
Sundries. 110 
- 38 15 5 
Purchase of £700 Consols. 648 0 0 
Bilance—Cash in Treasurer’s hands, Dec. 31, 1872 . . 683 19 5 
£1896 4 10 
, £ s. d. £ s. d. 
Balance in Treasurer’s hands, Jan. 1, 18*2.198 IS 5 
Dividends on Invested Capital. 303 0 0 
Donations.84 13 6 
Subscriptions . ..749 2 G 
Legacy under the Will of the late Mrs. Jane Lyon, late 
of 17 a, Albert Terrace, Knightsbridge. 500 0 0 
Balance due to Secretary, December 31, 1872 .... 0 10 5 
We the undersigned Auditors, have examined the Accounts of the Pharmaceutical Society, as presented in the 
Financial Statement and Benevolent Fund Account, and find them correct ; and that there was standing to tho 
account of the Society at the Bank of England on the 31st December, 18/2 .- 
^ ene I'^ Ptmd | New Three per Cents. 
Life Members Fund ) 1 
| Consols .. . 
Benevolent Fund 
Pereira Memorial Fund 
Bell Memorial Fund—Consols . 
Secretary’s Casual Relief Fund—Consols ... 
Hill’s Prize Fund—Russian Bonds . 
£ 
s. 
d. 
£ 
s. 
d. 
(13,200 
0 
0 
l 3,000 
0 
0 
16,200 
0 
0 
(12,700 
0 
0 
l 100 
0 
0 
12,800 
0 
0 
2,050 
0 
0 
105 
0 
0 
. 
. 
200 
0 
0 
April 8th, 1873. 
Frederick Andrews, n 
Frederick Barron, 
William Hodgkinson, Auditors. 
Edward Horner, 
William Squire, 
pensing than had sufficed when he only received from 
them a certificate of competence to take the rank of an 
assistant. In order to effect this, a small portion of the 
present Major examination will be, according to the new 
arrangement, transferred to the Minor. It is, however, 
extremely difficult to obtain, in the time which can be 
allotted to the examination of each candidate, satisfactory 
proof of his manipulative skill and practical knowledge. 
The Council, agreeing with the Board of Examiners, have 
framed a regulation, requiring each candidate to be. of the 
full age of twenty-one years, and to produce certificates 
of having been employed for three years by a Pharma¬ 
ceutical Chemist or Chemist and Druggist, and in dis¬ 
pensing and compounding prescriptions. This will come 
into operation in October, 1874. So deeply impressed, 
however, are the Council with the necessity for this 
alteration, that in order to give it greater weight, the 
same principle has been embodied in one of the new bye¬ 
laws, to be submitted for confirmation and approval to a 
special meeting of the Society, convened for this day. 
Full proof of a practical knowledge of dispensing and 
pharmacy having been given in the Minor examination, it 
ceases to be necessary to re-examine on these subjects, 
therefore “Practical Dispensing” and “ Pharmacy” will 
no longer form part of the Major examination. 
The importance of insisting on a youth passing the 
Preliminary examination before entering on his appren¬ 
ticeship cannot be too strongly maintained; once appren¬ 
ticed all his time is required to obtain technical education, 
and the possession of proper elementary education would 
therefore be an ultimate advantage to him as well as a 
means of advancing the general status of the trade. 
The number of candidates who passed examinations 
during the year 1872 in England and W ales, as compared 
with the year 1871, is as follows :— 
J 1871. 1872. 
Major... 
Minor ... 
Modified 
Preliminary 
50 
234 
123 
802 
52 
287 
96 
782 
Since the institution of the Jacob Bell Memorial Scho- 
irships in 1861, only three Senior Scholarships have been 
warded, showing that the expectations of the founders 
ave not been realized. The Council therefore determined 
0 abolish the Senior, and in its place institute a second 
r unior Scholarship. They also revised the syllabus of the 
