In considering a subject on which to address you to-night, it occurred to me that I might invite your attention to some practical matters of office work, especially in connection with valuation books and forms.

Allow me, however, at the outset to express my thanks for the honour you have conferred on me by my election to the office of President. As a duty of my office an address is expected from me, and I must ask your indulgence in attempting to fulfil this obligation towards the close of what is to me the busiest season of the year.