The considerations brought forward in Chapter III make it highly probable that a star’s rate of generation of energy depends on the physical condition of its atoms. We there supposed stellar energy to be generated through electrons coalescing with protons; protons exist only in atomic nuclei, and purely physical considerations led to the conjecture that the only electrons which can coalesce with a particular proton are those which are momentarily describing orbits around the nucleus in which the proton resides. A study of stellar structure supports this hypothesis, for if energy could be generated by free electrons falling into nuclei, it can be shewn that the whole star would be unstable and would explode in a flash of radiation. On this hypothesis, a star in which only a few atoms have any electrons left in orbital motion can of course generate but little energy. This at once explains the feeble energy-generating powers of the white dwarfs, and also gives an inkling as to why the red giants, in which _L_- and _M_-rings of electrons survive, generate more energy than main-sequence stars of equal weights. As a star ages and its weight decreases, it continually has to pick out new configurations such as make its emission of energy equal to its internal rate of generation of energy. The same star may be a red giant, a main-sequence star and a white dwarf in turn. Stripped of technicalities this means that a star continually adjusts its diameter to suit its varying rate of generation of energy. On the hypothesis just considered, a star alters both its emission and its generation of energy on changing its diameter. At every instant it has to select a diameter for which the two exactly balance. The star has so large a range of rates of generation, according as it has few or many electrons left in orbital motion, that it is likely always to be able to find a configuration of equilibrium. At any rate all the stars in the sky appear to have done so, with the exception of the long period variables which are continually expanding and contracting as though they could not hit upon a diameter at which their income and expenditure of energy would just balance.