One of the most interesting of the plays in the Towneley manuscript is the Processus Talentorum, Play XXIV. The central theme of the play, the gambling for Christ's coat, is present in all the gospels, in the Northern Passion, and in all the extant mystery play cycles. In the Towneley manuscript only, however, has a play come down to us devoted wholly to the theme. It is my purpose here to seek the probable steps by which this play arrived at its present state, to resolve so far as I can its stanzaic confusions, to study its possible relations to York, and to arrive at the probable date of its original composition and subsequent editings.