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New York, $4. 80 c.; Rio, 23gd.; Buenos Ayres, 49d.; PRINCIPAL EXCHANGES. Calcutta, 1s. 8d.; Bombay, 1s. 8d.; Hong Kong, 3s. 93d.; Shanghai, 5s. 2d.; Paris, 25f. 36 c.; Berlin, 20m. 50pf.; Vienna, 117f1. 70kr.: St. Petersburg, 25 d.

The Bank of England is again stronger. The cash reserve has increased £393,000, and the proportion to the liabilities is fractionally better, at 52 per cent. Although £105,000 in gold has been taken out of the Bank for export, there is a slight increase in the stock of coin and bullion, showing that the internal "TION ЯНІ НО INN

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REPORT OF THE COUNCIL.

Ir is a source of gratification to the Council of the Lancashire and Cheshire Antiquarian Society that they have again, in presenting an account of their stewardship, to record the continued progress, increased activity, and satisfactory position of the association. In presenting their fourth Annual Report, the Council feel that the work already done has fully realised the anticipations of the founders, and warrants the warmest hopes for the future usefulness of the Society.

The roll of the Society shows that there are now five Honorary, forty-five Life, and two hundred and fifty two Ordinary Members, making a total of three hundred and two.

Five of the original members have been removed by death: Sir Humphrey de Trafford, Bart., Alderman Sir Thomas Baker, Colonel T. U. Brocklehurst, Edward Kirk, and William Hartley.

Sir Humphrey de Trafford, Bart., who died May, 1886, was the representative of one of the oldest families in England. Although in his later years he took little part in public life, he had a keen interest in archæological pursuits, and the muniments of his family were preserved with religious care. Many of these interesting relics were exhibited to members of the Council by the late baronet; and whilst expressing their regret at his death, they venture to hope that the Trafford deeds and the matchless series of seals will be fully calendared and described in a form that will be accessible to antiquaries.

Sir Thomas Baker, Knt., who died 17th April, 1886, although a native of Birmingham, had for many years been closely identified with the city of Manchester, of which he was mayor in 1880 and 1881. As chairman of the Public Libraries Committee, he rendered

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