The first issue, published in London on 6 March 1665, was edited and published by the Society's first secretary, Henry Oldenburg, four-and-a-half years after the Royal Society was founded. The full title of the journal, as given by Oldenburg, was "Philosophical Transactions, Giving some Account of the present Undertakings, Studies, and Labours of the Ingenious in many considerable parts of the World". The society's council minutes dated 1 March 1664 (in the Old Style calendar; equivalent to 11 March 1665 in the modern New Style calendar) ordered that "the Philosophical Transactions, to be composed by Mr Oldenburg, be printed the first Monday of every month, if he have sufficient matter for it, and that that tract be licensed by the Council of this Society, being first revised by some Members of the same". Oldenburg published the journal at his own personal expense and seems to have entered into an agreement with the society's council allowing him to keep any resulting profits. He was to be disappointed, however, since the journal performed poorly from a financial point of view during his lifetime, just about covering the rent on his house in Piccadilly. Oldenburg put out 136 issues of the "Transactions" before his death in 1677.