Review 2014 the Royal Society of Edinburgh
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cover_Layout 1 19/01/2016 16:43 Page 1 The Royal Society of Edinburgh T h e R o Review 2014 y a l S o c i e t y o f E d i n b u r g h R e v i e w 2 0 1 3 Printed in Great Britain by Henry Ling Limited, Dorchester, DT1 1HD ISSN 1476-4342 THE ROYAL SOCIETY OF EDINBURGH REVIEW OF THE SESSION 2012-2013 PUBLISHED BY THE RSE SCOTLAND FOUNDATION ISSN 1476-4342 The Royal Society of Edinburgh 22-26 George Street Edinburgh, EH2 2PQ Telephone : 0131 240 5000 Fax : 0131 240 5024 email : [email protected] Scottish Charity No SC000470 Printed in Great Britain by Henry Ling Limited, Dorchester, DT1 1HD CONTENTS ACTIVITIES – SESSION 2012-2013 Proceedings of the Ordinary Meetings .............................. 3 Proceedings of the Statutory General Meeting ................. 5 Events ............................................................................. 41 Publications ................................................................... 267 Policy Advice .................................................................. 269 Events for Young People ............................................... 273 Research and Enterprise Awards ................................... 277 Medals, Prizes and Prize Lectureships ............................. 285 Grants Committee ........................................................ 287 International Programme .............................................. 289 Fellows’ Social Events .................................................... 295 Schedule of Investments................................................ 297 Friends of the Society .................................................... 301 Changes in Fellowship during the Session ..................... 303 Staff .............................................................................. 305 OBITUARY NOTICES ............................................................ 307 TRUSTEES’ REPORT AND ACCOUNTS TO 31 MARCH 2013 Trustees Report ............................................................. 437 Auditors’ Report ........................................................... 459 Accounts ....................................................................... 461 PROCEEDINGS OF THE ORDINARY MEETINGS 2 December 2012 new Fellows and offered him congratulations on becoming a Chairman Fellow of the RSE. Sir John Arbuthnott, PRSE 24 June 2013 Ballot Professors Ian Main and Mark Chairman Schaffer were announced as Sir John Arbuthnott, PRSE scrutineers for the forthcoming Formal Admission to Fellowship ballot for the election of New Fellows. The outcome to be Professor Marion Campbell announced at the Ordinary Professor James Garden Meeting in March 2013. Professor Maggie Gill Lecture Professor Margaret (Mandy) RSE/BP Hutton prize Lecture in MacLean Energy Innovation, Black magic, Professor Graeme Ruxton black gold. Dr David Wright, PGS Senior Research Fellow, University Professor Pauline Schaap of Edinburgh. Professor Rhian M Touyz 19 March 2013 Ballot Chairman Scrutineers for the forthcoming Sir John Arbuthnott, PRSE ballot for the election of new RSE Election to Fellowship Council and Office-Bearers, for the Session 2013-2014 were Professor Ian Main and Professor announced as: Professor Angus Mark Schaffer (Scrutineers for the MacDonald and Professor John ballot for the election of new RSE Renwick Fellows) reported that 44.5% of the Fellowship voted in the Ballot, Lecture and that the names on the list had Professor Ian Frazer FRS, CEO and been approved by more than two- Director of Research, Translational thirds of those voting, as required Research Institute, Brisbane, by the Society’s laws. Australia. Vaccines to Prevent and Lecture Treat Cancer The Scientific Life of Dr David 2 September 2013 Livingstone. The President Chairman introduced Professor Michael Mr Ian Ritchie, Vice President Barrett, FRSE, Professor of Bio- chemical Parasitology, University This meeting of the Society was of Glasgow, noting that Professor part of the RSE Research Awards Michael Barrett was one of the Reception. There was no formal Society business to be conducted. 3 PROCEEDINGS OF THE STATUTORY GENERAL MEETING Minutes of the Statutory General Meeting held on 7 October 2013, ending the 230th Session The Annual Statutory Meeting took place in the Society’s Wolfson Theatre on Monday 7 October 2013 at 6 pm. Sir John Arbuthnott MRIA, President, took the Chair. Sir John explained that the ASM would be in three parts, with the first (admission of Professor Jean Tirole and Professor James Dunlop) open to Fellows and guests, the second part (the formal business) being private to Fellows, and the third being presentations by members of the Young Academy of Scotland, which again would be open to all. A GENERAL BUSINESS 1. Admission of Fellows ....................................................................... 6 B FORMAL BUSINESS - RSE FELLOWS ONLY IN ATTENDANCE 1. Minutes ........................................................................................... 9 2. Matters Arising ................................................................................ 9 3. Report on Activities for Session 2012/13 .......................................... 9 4. Office Bearers’ Reports ..................................................................... 9 - General Secretary’s Report .............................................................. 9 - Treasurer’s Report ......................................................................... 15 - Fellowship Secretary’s Report ....................................................... 16 5. Election of Council and Other Office-bearers for the 231st Session ................................................................................. 20 6. Any Other Business ........................................................................ 22 C PRESENTATIONS BY MEMBERS OF THE YOUNG ACADEMY OF SCOTLAND The Young Academy of Scotland, its activities and plans for the future. ....................................................................... 21 The benefits of YAS membership, and the YAS’ Research the Headlines Project ............................................... 23 Appendix I - Report on Activities for the Session ................................. 24 5 Review of the Session 2012-2013 A. GENERAL BUSINESS 1.Admission of Fellows Professor Jean Tirole: The President invited Professor John Hardman Moore FBA FRSE to read the citation for Professor Jean Tirole: It is my privilege and pleasure to give the citation for the admission of Professor Jean Tirole to Honorary Fellowship of the Society. Professor Tirole first trained in Paris, at the École Polytechnique and then at the École Nationale des Ponts et Chaussées, leading to a PhD from the Université Paris-Dauphine, before moving to the Massachusetts Institute of Technology where he obtained a second doctorate. After graduation from MIT in 1981, he went back to Paris, to the École Nationale, for two years. But America wouldn’t let him go that easily. He returned to MIT to become one of their most distinguished professors, in a department that already boasted many of the world’s greatest economists. Jean is still affiliated to MIT, as a permanent visiting professor. It looked as though Jean was lost from our side of the Atlantic. However, by the early 1990s, to France’s – and to Europe’s – enormous good fortune, one of Jean’s close collaborators, Jean-Jacques Laffont, had established a vibrant group of young economists at the University of Toulouse, and persuaded Jean to move there too. This was unheard of. People didn’t leave America, certainly not eminent full professors at MIT, to return to Europe. The world of economics watched with bated breath: would Tirole stay in Toulouse for long? The answer has been an emphat- ic yes. Under the combined magisterial leadership of the two Jeans, Jean-Jacques Laffont and Jean Tirole, Toulouse became the powerhouse of European economics, one of the very few centres of true excellence in the world, easily able to match its US competitors. The story of Toulouse is a remarkable one, an unequalled triumph of the intellectual power and personalities of the two men. Tragically, Jean-Jacques Laffont passed away at much too early an age, but Jean Tirole stayed in Toulouse, and the institutional triumphs in that city continue apace — thanks to the generosity of spirit, the vast range, and the sheer brilliance of the person who is being admitted to Honorary Fellowship of the Society this evening. In many ways, the Royal Society of Edinburgh may be a little late off the mark in admitting Professor Tirole to Honorary Fellowship. He has received numerous honours, many honorary degrees, and many prizes. Indeed, prizes seem to have been created so that he can be the first 6 Proceedings of the Annual Statutory Meeting recipient. For example, in 1993, together with Jean-Jacques Laffont, he won the inaugural Yrjö Jahnsson award from the European Economic Association. In 2008 he won the inaugural BBVA Frontiers of Knowledge Award in the Economics and Finance category. The year earlier, he was only the second economist, following the Nobel Laureate Maurice Allais, to receive the highest award, the Médaille D’Or, of the French CNRS. With his collaborator Bengt Holmström, Jean won the Stephen A. Ross prize in Financial Economics for their crucial research into banking and liquidity shortages - work that predated the current crisis by more than a decade. Not only is Jean a Fellow of many of the world’s learned societies – topped, after this evening, by the Royal Society of Edinburgh