What is the World Council of Scholars, and why is it significant?

In a month, the World Council of Scholars is to meet in our City. It is a great Council, to which the wisest of all lands are elected, and it meets once a year in the different Cities of the earth.

The World Council of Scholars is an elected body of the wisest men in all parts of the world. The meeting is significant because its members only meet once a year.