When I had the honour of addressing you last year I gave an outline of the programme for our celebration of the Bicentenary of our Royal Charter. This programme as you will remember was carried out as planned. When the moment came in Grocers' Hall to drink to the health of His Majesty, I think we all did so with more than formal emphasis for we knew that he was seriously ill. Since then, we have suffered the loss of our Royal Patron, the ninth since 1751. We are for the moment without a Patron, but I think we can confidently expect that in due course Her Majesty the Queen will be graciously pleased to continue the succession.