The following Address, by the retiring Director of the Institute, was presented at the thirty-fifth Annual General Meeting held in London on 27 October 1982 at the Royal Geographical Society with the President, Captain B. J. Calvert, in the Chair. The President said that Mr Richey's pending departure (although he would continue to edit the Journal) was an event of considerable importance in the Institute's history and he felt it appropriate to have invited him on this occasion to present an Address in place of the Presidential Address normally delivered at the Annual General Meeting. Calling the Meeting to order, the President drew attention to a gavel, around which the names of past Presidents and Directors were to be inscribed, made from wood, for the anvil, from HMS Victory and, for the striker, from the yacht Jester. After the Address Wing Commander Anderson gave a reply reminding the Institute of Mr Richey's achievements during his long period in office. The audience then broke all traditions by giving the Director a standing ovation. His successor as Director, Rear Admiral R. M. Burgoyne, was then introduced to the Meeting.