At the close of a meeting held by one of our workers, an elderly lady came to him and said if he would go to her house she would give him a sovereign. He went, and she gave him the coin, and then closing the door of her private room, said, 'And now I am going to give you the most precious possession I have in the world.' Her voice choked with emotion as she proceeded, 'Years, many years ago, I was to have been married. The arrangements were made, the day fixed, and the ring bought, and--_then he died_!' And she sobbed as she spoke. Going to a bureau she took out a little box and, handing it to him, said, 'The wedding ring is in there. I have kept it all these years, but I promised the Lord I would only keep it until He showed me what He would have me do with it, and He told me while you were speaking. I give it to you for the Y.M.C.A. and for the boys,' and she turned away utterly broken up. Thousands of incidents could be related of equal interest to the foregoing, did space permit, and all these incidents combine to give a personal interest to the fund. We can only add that the greatest possible care has been taken to administer the fund wisely and so avoid waste, or anything that savours of extravagance. Of course, Y.M.C.A. finance has come in for criticism. Certain people who have visited the huts, and have seen the enormous business there transacted have come to the conclusion that either very large profits are being made, or that the business methods of the Association leave much to be desired. The question has frequently been asked, 'What is done with the profits?' and the fiction has got abroad that the Y.M.C.A. publishes no accounts and is amassing huge sums of money. The real position is easily stated:--