Three years ago, when I first had the honour of addressing the Society on this occasion, I referred at some length to our urgent need of larger funds for purposes of research and for publishing the results of research; and in the following year I suggested that even quite small bequests or gifts would, if there were enough of them, go far towards meeting our requirements. I am glad therefore to give the first place in my observations to-night to the mention of the very substantial bequest which the Society has received from our late Fellow Mr. Garraway Rice. This bequest, amounting to over £5,420, the income of which may be devoted to research at the discretion of the Council, will enable us to add some £200 a year to our expenditure in this direction. I cannot claim this bequest as a result of my appeal; it had been embodied in a will made long before that date, and is attributable to the enlightened (I might almost say, inspired) action of one of my predecessors in making the testator a Vice-President. We cannot look for many bequests on such a scale as this, since Fellows have for the most part other claims which must take precedence of archaeology; but some might be able to spare small sums (not necessarily to be hoarded as capital) which they could feel would be devoted to the cause to which, as Fellows of the Society, they had vowed themselves, and which would greatly strengthen the hands of those who would come after them. I have some grounds to hope that this suggestion may bear fruit, though I have no wish to expedite its fructification.