In his speech of welcome to the Delegates to the Newton Tercentenary Celebrations, the President of the Royal Society announced that the Treasury had recognised in principle an application for financial support of a new observatory, housing a great telescope and equipped with instruments suitable for modern astronomical research of the highest order, and that the Chancellor of the Exchequer had intimated that he was prepared to invite Parliament to vote a sum of money for this purpose. The observatory, to be known as the Isaac Newton Observatory, would thus become a fitting National Memorial to the Society’s greatest President. Arising out of these negotiations, the First Lord of the Admiralty communicated to the Society in November 1946 proposals for the organization of the Isaac Newton Observatory at Hurstmonceux.
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A 1948 study studied this question.