THE portrait on the cover is of Captain William Watts-Williams, the coxswain of the St. David's life-boat. Captain Watts-Williams first went to sea at the age of thirteen, forty-nine years ago, and after a long and varied career, including two voyages round the world in sail, he became coxswain at St.

David's in 1936. In 1943 he won the Institution's bronze medal for gallan- try when the life-boat rescued a survivor from two landing craft which had sunk with the loss of 72 men.

The photograph is by Dr. P. G. D.

Kerr, of Newport, by whose kind permission it is reproduced..