occur?if they do, they are smoothed over by the diplomacy of these officers. Due to the energy of the editor, the Transactions appear with unerring punctuality, admirably arranged, and thoughtfully classified. And, as the result of the highly courteous tone which characterises the discussions, the president's function as moderator is uniformly pleasant in its exercise, inasmuch as the utmost go...

Advances in computers and telecommunications and the development of the Internet have been applied to develop new transaction technologies that lower transaction costs. By lowering transaction costs, these changes in transaction technology make possible transaction innovation, that is, the development of new types of market transactions. Transaction innovation changes not only business methods ...

Attention has been given to support the young researchers and nephrologists, especially those having received support through the ERA-EDTA fellowship programme. New stars are visible on the horizon which hopefully will carry nephrology in Europe forward. An extraordinary number of travel grants for young nephrologists have been made available by both Societies this year. Clinical education was ...

THE Joint AlEE-Institute of Radio Engineers (IRE)-Association for Computing Machinery (ACM) Computer Conference Committee certainly is gratified that the second annual conference is receiving the same enthusiastic support from such a wide group of engineers as did the first conference in December 1951 in Philadelphia, Pa. It was very reassuring during the planning of this conference to hear fro...

By Professor A. R. Simpson, Retiring President of the Society. Gentlemen,?Before I leave this now familiar seat, it becomes me to offer you my heartfelt thanks for the favour you showed me in making me a third time your President, and for the kindness and courtesy that have made my tenure of the office an unalloyed pleasure. There are positions of honour that entail a heavy burden of service. I...