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 first holder of the Lectureship—in 1903 and 1904—was our learned Librarian, Dr. J. F. Payne; and he is most fitly followed this year by Dr. Norman Moore.

7. Horace Dobell Research Lecture.—In 1903, Dr. Horace B. Dobell, a well-known Member of the College, and formerly a very active and successful London physician, but now living in retirement, gave a sum of £500 in Consols to the College in trust to endow a lecture for a term of years, with a view to encourage research into "the ultimate origin, evolution, and the life-history of bacilli and other micro-organisms." The lecture is to be delivered at the College once in every two years, and an honorarium of £50 to be provided for the lecturer by the sale on each occasion of a sufficient portion of the stock. It will thus be seen that after a certain number of years this lectureship will become extinct. Thus far it has only once been held, by Dr. E. E. Klein, in 1904.

8. Oliver-Sharpey Lecture or Prize.—The endowment to be next referred to is one which appeals to my personal interest and sentiments in a special degree, inasmuch as it has been founded by a most distinguished fellow-student of mine at University College in days gone by, Dr. George Oliver, of Harrogate, Fellow of the College, in memory of William Sharpey, M.D., F.R.S., who was Professor of Physiology at that institution from 1836 until