By the middle of March the manager was in a position to state that the bakery “would be ready for business in two or three weeks’ time at most.” At the same time it was decided to erect a house for the manager on the property, the rent of the house to be considered later. At the same meeting the committee had a visit from Mr Keyden, writer, who stated that he had learned that the Society were desirous of raising a loan on their property, and had called to find out what the amount was and what rate of interest they were willing to pay. The secretary stated that the amount would be from £400 to £500, and the rate of interest 4½ per cent. per annum. At a later meeting the question of the opening celebrations was again considered, when, amongst other decisions arrived at, was one to the effect that two gallons of “drink,” presumably whisky, should be procured for the use of those who attended. It was agreed that invitations be sent to societies who were members and to others within a convenient distance, also to the employees of the Society, past members of the committee, Mr M‘Kenzie, of the P.C.M.S., Mr Marshall S.C.W.S., and such Wholesale Society directors as lived within a suitable distance for attending. The decision about the whisky evidently did not find favour with some people, for at the next meeting of the committee the matter was again under consideration, “and after mature deliberation it was then agreed to have none, as the committee had been informed that there were many objections to the same.” In the beginning of May the new bakery was opened for business. But in thus following up the negotiations about the new premises, we have been running ahead. The fourth quarterly meeting was held on 19th February 1870, when some important changes were made in the method of conducting the business. For the first year each society which was a member of the Federation had a representative on the committee, and this arrangement was continued by resolution of the quarterly meeting. The whole committee resigned in order that it might be reconstructed, and Mr Thomson was re-elected to preside over the business of the meeting. Some of the regulations drafted that afternoon are amusing. It was decided that each member of committee receive one shilling for every meeting of the committee which he attended, along with travelling expenses; but it was also decided that any member of the committee who was later in arriving at a committee meeting than fifteen minutes after the time fixed for the meeting should not only forfeit his allowance for attending, but should also, unless reasonable excuse was shown, be fined sixpence for being late. What was to happen if a member did not attend at all was not stated, but no member of the committee was to be paid his allowance unless he was present at the meeting. THE CHAIRMAN RETIRES.