The president, Mr. H. Culpin, then read a paper on “Economics”. After referring to the increased notice now being shown in regard to the teachings of the science, its subject matter was delt with, and various definitions of wealth were compared. The modes in which it is studied were then discussed, particular attention being bestowed on the characteristics and the respective advantages and limitations of the abstract deductive and historical methods. The paper concluded with a description of the theory of rent, as an example of the aid the science affords in understanding economic phenomena, and was followed by an interesting discussion.”