My age, and my infirmities still more than my age, make it probable that this will be the last time I shall have the honour of addressing you from this place. Excluded as I am, _spatiis iniquis_, from indulging my imagination with a distant and forward perspective of life, I may be excused if I turn my eyes back on the way which I have passed. We may assume to ourselves, I should hope, the credit of having endeavoured, at least, to fill with propriety that middle station which we hold in the general connection of things. Our predecessors have laboured for our advantage, we labour for our successors; and though we have done no more in this mutual intercourse and reciprocation of benefits than has been effected by other societies formed in this nation for the advancement of useful and ornamental knowledge, yet there is one circumstance which appears to give us an higher claim than the credit of merely doing our duty. What I at present allude to is the honour of having been, some of us, the first contrivers, and all of us the promoters and supporters, of the annual Exhibition. This scheme could only have originated from Artists already in possession of the favour of the public, as it would not have been so much in the power of others to have excited curiosity. It must be remembered that, for the sake of bringing forward into notice concealed merit, they incurred the risk of producing rivals to themselves; they voluntarily entered the lists, and ran the race a second time for the prize which they had already won. When we take a review of the several departments of the Institution, I think we may safely congratulate ourselves on our good fortune in having hitherto seen the chairs of our Professors filled with men of distinguished abilities, and who have so well acquitted themselves of their duty in their several departments. I look upon it to be of importance, that none of them should be ever left unfilled: a neglect to provide for qualified persons is to produce a neglect of qualifications. In this honourable rank of Professors I have not presumed to class myself; though in the Discourses which I have had the honour of delivering from this place, while in one respect I may be considered as a volunteer, in another view it seems as if I was involuntarily pressed into this service. If prizes were to be given, it appeared not only proper, but almost indispensably necessary, that something should be said by the President on the delivery of those prizes: and the President, for his own credit, would wish to say something more than mere words of compliment, which, by being frequently repeated, would soon become flat and uninteresting, and by being uttered to many, would at last become a distinction to none: I thought, therefore, if I were to preface this compliment with some instructive observations on the Art, when we crowned merit in the Artists whom we rewarded, I might do something to animate and guide them in their future attempts.