The Institute had been incorporated in 1880, and in May of that year the late Duke of Albany laid the foundation stone of the Finsbury Technical College, the first building in the Metropolis exclusively devoted to this practical training. In Lambeth and other districts similar schools have been instituted; but it was thought advisable to found a Central Institute for systematic teaching the practical applications of science and art to the trades and industries of the country. Hitherto the training of artisans has been mainly dependent on the customs of apprenticeship in the various handicrafts; upwards of twenty of the City Companies, including nine out of the twelve greater Guilds, had subscribed largely, and had entered the associated Institute, when the Prince of Wales was invited to become the President. By the influence of the Prince, as President of the Royal Commissioners of 1851, a site for the proposed central College was granted at a nominal rent, on the estate at South Kensington. To lay the foundation stone of this building, the Prince, accompanied by the Princess of Wales, came on the 18th of July, 1881. An address having been delivered by the Lord Chancellor, Lord Selborne, Chairman of the Committee of the Institute, the Prince of Wales delivered the following speech, which more clearly presents the whole subject, and brings out its national importance:-- "My Lord Chancellor, my Lords, Ladies, and Gentlemen,--I thank you for your address, and beg leave to assure you that it gives me much satisfaction to attend here to-day to lay the foundation stone of an institution which gives such forcible expression to one of the most important needs in the education of persons who are destined to take part in the productive history of this country.