3lR. AUGUSTINE COURTAULD has been elected a Vice-President of the Institu- tion, Mr. Courtauld has been a member of the Committee of Manage- ment since January, 1951, and has served on the Finance, Boat and Con- struction and Operations Committees.

He lives at Great Yeldham, in Essex.

The whole cost of the Walton and Frinton life-boat, which was completed in 1953. was met from a gift made by Mr. Courtauld to the Institution..