2 PROCEEDINGS OF THE CANADIAN INSTITUTE. 



Exchanges — America 251 



' ' Europe 601 



' ' Asia and Australasia 50 



" Africa . 16 



918 

 Same period last year 617 



Increase 301 



On motion by Mr. James Bain, seconded by Mr. J. Herbert 

 Mason, it was resolved : " That this General Meeting 

 authorize and empower the Council to mortgage the land 

 and premises of the Canadian Institute, situate at the corner 

 of Richmond and Berti Streets, Toronto, for a sum not 

 exceeding $i,ooo, upon such terms and conditions as to time 

 or times of payment and rate of interest as to the Council 

 shall seem expedient, the sum so raised to be expended by 

 the Council in fitting up the upper story as a Museum, and 

 in necessary additions for the use of the Institute." 



On motion by Mr. J. H. Pearce, seconded by Mr. J. C. 

 Dunlop, it was resolved : " That the President, Hon. G. W. 

 Allan, Dr. Ellis, Prof Wilson, Prof. R. Ramsay Wright, J. 

 Herbert Mason, the Secretary, the Treasurer, and the mover, 

 be a Committee for the purpose of devising ways and means 

 for raising funds to complete the building, to report at a 

 future meeting." 



ANNUAL CONVERSAZIONE. 



A Conversazione was held in the Library on the evening 

 of Friday, I2th November, i886, when the President, W. H. 

 VanderSmissen, M.A., read his Inaugural Address. 



After returning thanks for his election, and referring to 

 some of his distinguished predecessors, such as Sir Wm. 

 Logan, Gen. Sir Henry Lefroy, Rev. Dr. McCaul, and Dr. 

 Daniel Wilson, the Address continued as follows : — 



THE PRESIDENT'S ADDRESS. 



The aims and object of the Canadian Institute are succinctly 

 defined in our Constitution as " The Promotion of Pure and Applied 



