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9. Finance.

The Statement of Receipts and Expenditure attached hereto is, on the face of it, satisfactory, and when the debtors and creditors at the beginning and end of the year are taken into account, it shows a distinct improvement in the Financial position of the Institute after the twelve months' working.

10. Auditors.

The thanks of the Council are again most cordially given to Messrs. Sewell and Lance Gray for their kind services as Auditors.

11. The Gunning Prize.

The Gunning Prize was awarded this year to the Rev. Parke Poindexter Flournoy, D.D., of Maryland, U.S.A., for the best essay received by the Council on the Subject of "The Bearing of Archæological and Historical Research upon the New Testament." It will be read at the meeting to be held on the 17th of March and published in the next Volume.*

12. Conclusion.

Members will have noticed that in drawing up the list of subjects for the last and current Sessions, special prominence has been given to those which, in the words of our First Object, "bear upon the great truths revealed in Holy Scripture." This the Council believe to be the highest purpose of the Institute, and they hope that it is in accord with the desires of the Members. Any comments on this or on the working of the Institute generally will be much valued and will be carefully considered by the Council.

Science to-day is tending more and more to the recognition of the Hand of God in the Universe, in its material aspects, in its varied forms of life, and above all in the development and influence of the Spirit of Man, His highest work.

Philosophy, too, may be taken to be more than ever a true servant of Christianity, claiming for its Divine Founder the position always given Him in the New Testament and by His humble and obedient disciples.

* That is, the present volume, see pp. 139-170.-Ed.

The work of the Institute, therefore, is increasingly that of taking counsel with philosophers and men of science rather than defence from open and undisguised attack, and calls for a sympathetic attitude of mind towards all honest thought and true research, great vigilance lest error creep in unawares, and above all dependence upon the Holy Spirit of God for His guidance, both in the study of His Word and of all subjects upon which it bears.

Signed on behalf of the Council,

HALSBURY,

President.

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CASH STATEMENT for the year ending December 31st, 1912.

203 14 0

Binding Stationery

Salaries

Rent

Postage

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Expenses of Meetings

Life Assurance

Gas and Electric Light
Library

Fire Insurance

Bank Charges
Sundries

9 7 7

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£657 7 10

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There is a Capital sum of £500 24 per cent. Consols, also the Capital of the Gunning Trust Fund, £508 Great India Peninsular Railway Stock. There are unpaid bills carried forward amounting to £188 6s. 3d. Arrears of Subscriptions are expected to realize £32 11s. Od.

GUNNING PRIZE FUND.

Cash refunded Cash at Bank

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We have verified all the accounts and compared them with the books and vouchers and find them correct.

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THE FACT OF PREDICTION. BY THE REV. JOHN URQUHART

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MR. C. S. CAMPBELL,

PROFESSOR H. LANGHORNE ORCHARD.

VISION, IN SACRED AND OTHER HISTORY. BY THE REV. J. H.

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POMPEII LIFE IN THE FIRST CENTURY, A.D. BY MR. E. J.

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THE BEARING OF ARCHEOLOGICAL AND HISTORICAL RESEARCH
UPON THE NEW TESTAMENT. GUNNING PRIZE ESSAY, BY THE

REV. PARKE P. FLOURNOY, D.D.

DISCUSSION. REMARKS BY

REV. CANON GIRDLESTONE,

DR. J. W. THIRTLE,

REV. JOHN TUCKWELL,
LIEUT.-COL. MACKINLAY,

MR. T. B. BISHOP,
REV. DR. IRVING,

REV. E. SEELEY,

PAGE

.. 139

171

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REV. DR. IRVING,

REV. PROFESSOR SAYCE, D.D.,

VERY REV. MOSES GASTER, PH.D., CHIEF RABBI.

THE ORIGIN OF LIFE-WHAT DO WE KNOW OF IT? BY PROFESSOR

G. SIMS WOODHEAD, M.A., M.D., LL.D.....

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210 225

THE OLD

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THE POSITION AND PRINCIPLES OF THE CRITICISM OF

TESTAMENT. BY H. WACE, D.D., DEAN OF CANTERBURY

DISCUSSION. REMARKS BY

MR. A. W. SUTTON,

DR. J. W. THIRTLE,

REV. CANON GIRDLESTONE,

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