THE portrait on the cover is of Coxswain Thomas Moore Horn, of Exmouth, Devon. He was shore-signalman from 1908 until 1919. From 1920 to 1928 he served as second coxswain and since 1928 he has been coxswain. On 15th January, 1938, he won the Institution's thanks inscribed on vellum for his courage and determination in carrying out a very difficult and dangerous launch in a very heavy sea. An account of the launch will be found on page 429. The photograph of Cox- swain Horn is by Mr. W. Alexander Puddicombe, of Exmouth, and has been reproduced by his kind permission..