Page:History of the Royal Astronomical Society (1923).djvu/23

1820-30] A letter (of which the following is a copy) was received from his Grace the Duke of Somerset, viz.:—

A letter was also received from John Fuller, Esq., stating that he did not mean to belong to the Astronomical Society, because it did not meet with the approbation of Sir Joseph Banks.

The Treasurer reported that A. Baily, Esq.; F. Baily, Esq.; Capt. Colby; D. Moore, Esq.; J. South, Esq.; and himself and Mr. Troughton had each paid the sum of Twenty guineas, as a composition for their future annual contributions.

Resolved unanimously—

That the several compositions for the annual contributions which have been, and may hereafter be, received by the Society, shall be, from time to time, invested in the Navy 5 p. cents., in the joint names of the Trustees of this Society for the time being; as a separate fund.

Resolved unanimously—

That the Capital Stock, created by such investment, shall remain as a permanent fund, the interest only of which shall, if necessary, be appropriated to the current expences of the Society.