Full resolution (JPEG) - On this page / på denna sida - First part - IV. Education and Mental Culture - 7. Public Collections and Institutions for Science and Art. Periodical Literature. By B. Lundstedt, Ph. D., Librarian at the Royal Library, Stockholm - The Nobel Foundation - Other important legacies for culture - Lars Hierta's Memorial Foundation, by prof. G. Retzius, M. D., Stockholm
<< prev. page << föreg. sida << >> nästa sida >> next page >>
Below is the raw OCR text
from the above scanned image.
Do you see an error? Proofread the page now!
Här nedan syns maskintolkade texten från faksimilbilden ovan.
Ser du något fel? Korrekturläs sidan nu!
This page has never been proofread. / Denna sida har aldrig korrekturlästs.
IMPORTANT LEGACIES FOR CULTURE.
381
expenses of organizing the Nobel Institutes. From the annual proceeds of the
main fund, a tenth part shall be added to the capital; of the remainder, each
group shall dispose of one fifth. The sum will of course vary according to rate
of interest, etc. At present, each prize-group will annually dispose of an amount
of nearly 200,000 kronor. One fourth of this sum will be set aside for the
immediate expenses of awarding the prizes and for the Nobel Institute of the group
in question. Thus for each of the five prizes there will be about 140,000 à
150,000 kronor.
If a prize cannot be awarded for two years consecutively (see above), the
amount of the prize shall be added to the main fund. Three fourths of those
taking part in the decision may, however, determine that the sum shall instead
be set aside as a special fund for the prize-group in question. The proceeds
of such a fund may be used — otherwise than as prizes — to advance those
objects ultimately aimed at by the testator.
It is, naturally, impossible to gauge the future import for science
and culture in general of these new institutions thus called into being.
In any case, an extraordinary role devolves upon Sweden, by her being
charged with the mission of deciding upon the awarding of prizes of an
unprecedented magnitude, in several of the most important spheres of
human culture.
Other important legacies for cnltnre.
Here, let us briefly mention some of the most important legacies — of which
Sweden has no slight number — in aid of science and culture. (A brief summary
of donations for such and other purposes is given at the end of this work).
The Letterstedt Association carries on its work in consequence of donations
made by J. Letterstedt (1796/1862). Its object is to »further the unity of the
three Scandinavian Kingdoms as regards industry, science, and art; and to encourage
and assist not only skill in craft, but also to further the development of science
and art in these countries». The activity of the Association date3 from 1878
and chiefly consists in publishing the »Nordisk Tidskrift» (Northern Magazine),
this being a periodical in common for the Scandinavian countries. The amount
of the available capital of the Association is about 350,000 kronor; moreover,
the donation includes two funds (at present of 80,000 and 340,000 kronor),
which are not to be touched, until, by compound interest, the former amounts
to half a million, the latter to five million kronor. These sums are all under
the administration of the Academy of Sciences, annually placing the disposable
amount of interest in the hands of the Association, which, in its turn, assigns
the sums to the branch associations in Norway and Denmark.
Lars Hlerta’g Memorial Foundation. This institution, founded in
Stockholm. in 1877, by Mrs. Wilhelmina Hierta in memory of her låte husband,
Lars Hierta (1801/72), who was a member of the Riksdag and the founder of
the independent and liberal press in Sweden, has for its chief aim to bring about
and encourage scientific investigations and discoveries as also industrial
inventions; to support social improvements; to encourage and impart instruction
in trades of general utility; as also everything that can possibly advance the
education of the masses in a moral and liberal spirit. The foundation, the
capital of which now amounts to about 550,000 kronor, annually disposes of
»bout 25,000 kronor of interest, three fourths of which sura, according to the
<< prev. page << föreg. sida << >> nästa sida >> next page >>
