The chief new departure of recent years has been the organisation of courses of lectures in London for the general public by Bernard Shaw, Sidney Webb, and Mrs. Webb, which have not only been of value as a means of propaganda, but have also yielded a substantial profit for the purposes of the Society. The plan originated with a debate between Bernard Shaw and G.K. Chesterton in 1911, which attracted a crowded audience and much popular interest. Next year Mr. Shaw debated with Mr. Hilaire Belloc: in 1913 Mr. and Mrs. Webb gave six lectures at King's Hall on "Socialism Restated": in 1914 Bernard Shaw gave another course of six at Kingsway Hall on the "Redistribution of Income," in which he developed the thesis that the economic goal of Socialism is equality of income for all. Lastly, in 1915 a course of six lectures at King's Hall by the three already named on "The World after the War" proved to be unexpectedly successful. The lecturing to clubs and other societies carried on by new generations of members still continues, but it forms by no means so prominent a part of the Society's work as in earlier years. Local Fabian organisation, as is always the case in time of depression, is on the down grade. The London groups scarcely exist, and but few local societies, besides that of Liverpool, show signs of life. The Research Department, the Women's Group, and the Nursery are still active. The Society has an old-established tradition and a settled policy, but in fact it is not now controlled by anything like an Old Gang. The Executive Committee numbers twenty-one: two only of these, Sidney Webb and myself, have sat upon it from its early days: only two others, Dr. Lawson Dodd (the Treasurer) and W. Stephen Sanders (the General Secretary) were on the Executive during the great contest with Mr. Wells ten years ago. All the rest have joined it within the last few years, and if they support the old tradition, it is because they accept it, and not because they created it. Moreover the majority of the members are young people, most of them born since the Society was founded. The Society is old, but it does not consist, in the main, of old people. What its future may be I shall consider in the next, and concluding, chapter. * * * * * I must add a final paragraph to my history. At the time I write, in the first days of 1916, the war is with us and the end is not in sight. In accordance with the rule which forbids it to speak, unless it has something of value to say, the Society has made no pronouncement and adopted no policy. A resolution registering the opinion of the majority of a few hundred members assembled in a hall is not worth recording when the subject is one in which millions are as concerned and virtually as competent as themselves.