KOYAL COLLEGE OF VETEHINAUY SURGEONS. 863 
should act in accordance with the hye-laws. So far as the 
finances Avere concerned, they had for many a year acted con¬ 
trary hoth to the spirit of the charter and the bye-laws. It Avas 
true they had been struggling against difficulties, but he 
could noAv congratulate the Council and the profession upon 
the position they had attained. Their pecuniary position Avas 
at present better than it had ever before been, and the de¬ 
mands Avhicli Avere likely to be made upon their funds for the 
next feAV years Avould probably not be very serious. Bye- 
laAv 40 stated, That three members of the body corporate 
shall be Trustees of the College.” He did not think that had 
ever been acted upon, and it Avould, therefore, he a part of his 
motion to propose that three trustees should be elected. Bye- 
laAv 42 Avas to the effect that All moneys belonging to the 
Royal College of Veterinary Surgeons, except such sum as 
the Council shall from time to time deem necessary for cur¬ 
rent expenses, shall be vested in the 3 per cent, consolidated 
annuities of Great Britain, or other Government securities, 
in the names of the Trustees of the College.” That hye- 
laAv had never been carried out. Of course, his object Avas 
not to fetter the hands of the Council by leaving the Trea¬ 
surer Avith only a small sum of money in hand ; but as they 
had noAv about £800 in the bank, they could Avell afford 
to invest £500 in Government securities. This Avould leave 
a floating capital of £300, and the Council at one time had 
had to struggle on Avith even less than £100. At any time 
Avhen money Avas required they Avould, of course, sell out a 
certain sum, but he could hardly understand that such a 
necessity Avould arise. He concluded by moving the resolu¬ 
tion of Avhich he had given notice. 
Mr, Withers seconded the motion. 
Mr. Ernes thought even more than £500 might be invested. 
They did not need so much as £300 in hand. It Avould be 
far better to put it out at interest till it Avas required. 
Mr. Withers said they Avere already getting interest on 
their money from the bank. 
Mr. Wilkinson considered it would be better to invest 
£700. 
Professor Simonds said in that case the hands of the 
Council Avould be tied to a great extent, as only £100 Avould 
be left as a floating account. 
Mr. Gowing thought £500 quite sufficient to be invested 
at present. 
The motion Avas agreed to. 
Professor Simonds said, in proposing the names of three 
trustees, it Avas important that they should select gentlemen 
XLIT. 59 
