Charitable objects
THE PURPOSE OF AWARDING BIENNIALLY A GOLD MEDAL TO BE CALLED THE "JAMES WATT MEDAL" OF SUCH KIND AND ON SUCH TERMS AND CONDITIONS AS MAY BE PRESCRIBED BY THE COUNCIL AFTER SEEKING THE CO-OPERATION OF SUCH MECHANICAL ENGINEERING SOCIETIES IN LEADING INDUSTRIAL COUNTRIES AS THE COUNCIL MAY DECIDE FOR SOME OUTSTANDING ACHIEVEMENT TENDING TO ADVANCE THE SCIENCE OF MECHANICAL ENGINEERING AND OF MAKING TO THE MEDALLIST A PAYMENT FOR TRAVELLING EXPENSES AND IF THOUGHT FIT A REASONABLE FEE FOR COMING TO DELIVER A LECTURE CONNECTED WITH THAT SCIENCE.