Our 225th Anniversary finds the Society making steady progress with the undertakings to which we have set our hands, and in no lack of material for future enterprise. Our financial position, through the care and foresight of our Treasurer, may be considered sound, though we have all too little to devote to the various researches on which we are engaged. Of our normal and permanent activities it is not necessary for me to speak: the session with its round of papers and exhibitions has brought many valuable contributions to our journals, and if we have no single objects this year quite in the same class as the Easby crossshaft and the Winchester bowl, we have nothing to complain of. Our capital enterprises, the excavations at Richborough and the joint excavations at Colchester and St. Albans, have fully maintained their standard of accomplishment, and the watching of recently exposed sites in London has preserved records of the earlier levels which now from year to year are being entirely obliterated by modern processes of building. I am particularly glad to see, in Mr. Dunning's work under the Esher Studentship and in the researches of Dr. Fox and Mr. Radford atKidwelly, the notable progress made in our knowledge of the dates and provenance of medieval pottery. The next few years should mark a substantial advance in what has hitherto been a neglected subject.