$14 
athotig the proprietors, who hall examine 
the accounts of the Infutution, which 
“Mall be made up to the 31f of December 
following, and {hall report thereon, with a 
general ftatement of the accounts figned 
by the major part of them, to the eeneral 
gneeting in the fueceeding April; and 
their report fhall be printed and ready for 
delivery at the houie of the Inflitution, 
eight days previoully to fuch meeting. 
Of Honorary Members. 
Perfons of diftinguifhed rank or quali- 
Géacon: whether natives or foreigners, 
may be elected honorary members of 
the Inftitution. 
Perfons propofed as honorary mem- 
bers, muft be recommended by three at 
Jeaft of the managers, and be propofed 
and balloted for, with the interval of one 
month at leaft, between the propofal and 
ballot, and two negatives thall exclude. 
OF Receipts: and Expenditures. 
A fufticient fum fhall be inveited in the 
public funds, as 9, provifion for the per- 
manency and ftability of the Inftitution. 
All monies not permanently invetted, 
and not wanted for defraying the current 
expenies of the Inftitution, fhall, from 
time to time, be invelted by the ma- 
nagers in floating public fecurities. 
The annual income of the Inftitution 
fhall be applied by the managers in dif- 
charging rents, taxes, falaries, wages, re- 
pairs, the purchafe of foreign and domeftic 
journals, periodical and other new publi- 
cations, for the ufe of the reading-room. 
The furplus income {hall be applied, at 
the difcretion of the managers, to the 
improvement and augmentation of the 
library, and apparatus for philofophical 
experiments. 
Of Sub-Committees. 
The managers have power to appoint 
as many coinmittees as uiey fhall think 
proper for the purpofe of fcientific and 
experimental invettigations, and to admit 
into fuch committees any perfons, whe- 
ther proprietors, fubfcribers, or not, and 
to allow fuch committees to hold their 
meetings in the houfe of the Inttitution. 
The “prefident, the managers, vilitors, | 
and fecretary, have a right to attend all 
fuch committees whenever they think 
proper. 
Thefe committees are oceafionally to 
report their progreis to the managers. 
OF the Transfer and Devife of Proprie- 
tors’ Shares. 
Any proprietor defirous of transferri ring 
his right in the Inftitution, fhall notify the 
fame i in writing to the managers, ftating 
the name and refideuce of the perfon to 
™ 
An Account of the London Inftitution.* 
_ [May 1, 
whom.he is defirouws ‘of transferring the 
fame, and fuch perfon (unlefs he be the 
legitimate fon of fuch proprietor, in 
which cafe he may be admitted without 
delay) fhall be balloted for at the next 
meeting of managers; and if fuch perfon 
thould not be approved by two-thirds. of 
the managers preient, the proprietor fhall 
be entitled, at his option, to propoie 
another perfon for admiffion, or to claim 
from the funds of the Inftitution fuch fum 
as may then be fixed in the By-laws as 
the qualification of a proprietor. 
On the deceafe of a proprietor, his 
executors oradminiftrators may nominate 
fuch perfon as is appointed in the will 
of the faid deceafed proprietor, or in de- 
fault-of fuch appointment, or in cafe of 
the deceafe of the perfon fo appointed, 
fuch other perfon as they may think pro- 
per, to be balloted for by the managers 
(excepting the legitimate fon of fuch des 
ceafed proprietor, who is entitled to- ad+ 
niffion without ballot) and fuch nomina~ 
tion fhall be referred by the managers to 
the folicitor of the In{titution to examine 
into its legal propriety, who, on making a 
written report to the managers, fhall re- 
ceive one guinea as his fee, fromy the pro= 
prietor on his admiffion ; and in cafe fuch 
perfon, reported by the folicitor as legal- 
ly nominated, fhall not be eledted, the 
executors or adminiftrators of fuch des 
ceafed proprietor fhall, at their option, 
either propoie another perfon for ad- 
miffion, or claim from the fund of the 
InRitution, fuch fum as may then be fixed: 
in the By-laws as the qualification of a 
proprietor. © 
The Library. 
The library is open from eight o’clock 
ig the morning till eleven at night, with 
the exceptions as before ftated. 
The books belonging - to. the Hibvany 
are under the care and cufiody of the 
librasian. bi re 
No perfon fhall take down any of the 
hooks in the library, bat a nete\contain=. _ 
ing the name of the ‘perfon applying, and _ 
the title of the book, muft be given to the 
librarian or the attendant, who will fup- 
ply him with the boos required. 
No perfon fhall take away any book: 
belonging to the library. 
A manufcript catalogue of the Library 
is kept on the table. 
Of the Houfe of the Infittution. 
The temporary houfe of the inftitution,, 
ull the managers can procure a larger and 
more convenient one, 1s in the Old Je ewry 5 
but it is expected that the corporation 
of Loudon will grant them either thé 
whole, 
1 
