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 INDIAN 20URNAL OF ECONOMICS Vol. !l--Part 4 PAPERS READ AT THE FIRST CONFERENCE OF THE INDIAN ECONOMIC ASSOCIATION ADDRESS OF WELCOME BY THE CtIAI'RAN PROFESSOR PERCY ANSTE PBINClP SYDENHAM COLLGE OF COMMERCE, BOMBAY (ENTLEMEN, Permi me to welcome you very cordially to Bombay. The functions of our Conference are twofold. In the first place we have met in orcIer to listen to a number of papers that deal with different aspects of coominnie inquiry and to take part in the subsequent (liscussions. In the second place we have to set aside at least one afternoon in order definitely to settle the constitution of the Indian Economic Association. bat body, as you are aware, is barely one year olcl, and has so far existed in a somewhat inchoate state There was among the economists who twelve months ago at the invitation o! Professor Hamilton, assembled at Oa $ general desire to make gatherings of this kind an annual affair. For that and other allied