Last year it was my duty to lay before the Society the laws of the Lichfield Gild Merchant, which were of special interest from the lateness of the period from which they dated. Today I have the good fortune to be able to introduce to the notice of members a roll of the Shrewsbury Gild Merchant, which is of exceptional interest from its early date. It has been transcribed with great care by Mr. C. H. Drinkwater, Vicar of St. George's, Shrewsbury, who has already printed several similar rolls in the ‘Salop Archæological Transactions.’ He will shortly contribute to the ‘Transactions’ of that society a paper which comments in detail on the proper names, place names, and designations in the rolls. Into these points I shall not enter to-day, as I merely desire to call attention to the bearing of the document on a problem of very wide interest; I shall not attempt to elucidate its details.