The following is the dreamer’s own interpretation:—“The Rotunda stands for my genitals and the captive balloon in front of it for the penis, which I have had to complain of for being limp.” A more detailed translation would then run thus: the rotunda stands for the buttocks (regularly included by children amongst the genitals), the smaller structure in front is the scrotum. In the dream, his father asks him what all this is, i.e. what are the purpose and function of the genitals. To invert this situation so that the son asks the questions is an obvious idea, and, since these questions were never asked in reality, we must construe the dream-thoughts as a wish or take them in a conditional sense: “If I had asked my father to explain....” The sequel to this thought we shall find presently. The court-yard where the sheet-metal lay is not in the first place to be explained symbolically, but is a reference to the father’s place of business. From motives of discretion I have substituted “sheet-metal” for the actual material dealt with by him, but otherwise I have made no alteration in the words of the dream. The dreamer had entered his father’s business and had been much scandalized by the extremely questionable practices upon which the high profits largely depended. Hence the sequel to the dream-thought mentioned above would run: “(If I had asked him), he would have deceived me as he deceives his customers.” The dreamer himself gives a second explanation for the pulling off the piece of metal which serves to represent commercial dishonesty: it means, he says, the practice of masturbation. Not only is this an explanation with which we have long been familiar, but it is well in accordance with this interpretation that the secret practice of masturbation should be expressed by the opposite idea (“_We may do it openly_”). So the fact that this practice is imputed to the father, as was the questioning in the first scene of the dream, is exactly what we should expect. The dreamer immediately interpreted the shaft, on account of the soft upholstering of the walls, as the vagina, and I, on my own account, offer the remark that going-down as well as going-up stands for sexual intercourse. The details of the long platform at the bottom of the first shaft, and beyond that the second shaft, were explained by the dreamer himself from his own history. He had practised intercourse for some time and then given it up on account of inhibitions, but hoped to be able to resume it by the help of the treatment. 8. I quote the two following dreams, dreamt by a foreigner with marked polygamous tendencies, because they may serve to illustrate the statement that the dreamer’s own person is present in every dream, even when it is disguised in the manifest content. The trunks in the dreams are female symbols.