Abstract
Two important announcements were made by the president of the Institute of Metals, Mr. W. II. Barclay, at the annual general meeting on Wednesday, March 10. The first dealt with co-operation with two sister institutes. As a first step in a scheme of co-operation with the Iron and Steel Institute, members of each Institute can become members of the other without formality other than written application. Combined annual subscriptions and entrance fees have also been arranged. The present scheme of co-operation follows one recently completed by the two Institutes with the American Institute of Mining and Metallurgical Engineers whereby members, associates and student members of the British Institutes may, if under the age of thirty-three years, become junior foreign affiliates of the American Institute of Mining and Metallurgical Engineers on specially favourable terms, the arrangement being reciprocal in the case of members of the American Society. The president also announced that the Council had decided to issue an appeal for the creation of an Endowment Fund, to be invested for the support and extension of the work of the Institute. For the last few years the margin between income and expenditure in the annual accounts had been very narrow, and had afforded little or no opportunity to strengthen the Institute's financial reserves. Economies had been effected wherever possible, but these could not be extended without seriously curtailing the service the Institute renders to its members and to the industry in general. In the judgment of the Council the time had arrived when, on the basis of the record and achievements of the Institute, an appeal could and should be made to the non-ferrous metals industry for a substantial capital sum which it was hoped would appreciably lessen the anxiety constantly felt by the Council and its committees as to the financial future. He was glad to be able to announce that promises or actual contributions amounting to about £14,000 had already been received.
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The Institute of Metals. Nature 139, 438 (1937). https://doi.org/10.1038/139438a0
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DOI: https://doi.org/10.1038/139438a0