22 PROCEEDINGS OF THE
insisted upon, and it is one that especially characterises Dr. von Sallet's works.
Once more I most heartily congratulate the Society on their judicious choice of so eminent a numismatist upon whom to bestow their medal.
The President then delivered the following address:—
In addressing this Society on the occasion of another Anniversary Meeting, I may again congratulate it on the satisfactory condition of its finances and of its List of Members. Although through death and resignation of membership we have lost thirteen of our Ordinary Members,rwe have elected fourteen new Members, so that our numbers have increased by one. The list of our Honorary Members has been reduced by one, so that in all our number remains unchanged. Our finances, as you will have heard from our Treasurer's report, are in a satisfactory condition. Our balance is reduced, but not to the extent of the investments made. It will be noted that the capital of the Society has been transferred from Consols to London and North-Western Eailway Preference Stock within the year.
The medal of the Society has, as you know, been awarded by the Council to Dr. Alfred von Sallet, in recognition of his long-continued services to the science of Numismatics, and in this award of the Council I am sure that the Society at large will cordially concur.
Our losses by death have, I regret to say, been rather above the average, and among our deceased members are several highly distinguished men about whose career it seems incumbent upon me to say a few words.
From the list of our foreign Honorary Members we have to mourn the loss of the veteran Professor J. O. Stickel of Jena, who for sixty-seven continuous years occupied a Professorial chair in that University. Johann Gustav Stickel was bom at £isenach, on the 18th July, 1805, and died on the 21st January, 1896, in the ninety-first year of his age. His early