Ladies and Gentlemen,?When I accepted the honourable post of President of the Jewish Historical Society of England for the current session, my yielding to your request was not devoid of con? siderable reluctance and misgiving. For I was painfully aware that, owing to the manifold responsibilities and unending duties that press upon me, I should have but scant leisure vouchsafed to me to further the interests of your Society. And indeed, from a financial point of view, your choice, I fear me, could not be pronounced a felicitous one. Our treasurer has intimated to me that we do not suffer from a lack of members, but that in the case of our Society, strangely enough, the terms members and subscribers are not exactly synonymous. The glowing desire, characteristic of other societies, to pay subscriptions the moment they become due, is not, I have been told, a distinctive feature of our

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H. Adler

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