The subject to which I venture to invite your attention is not altogether new to the members of the Royal Asiatic Society. Three years ago, at a meeting of the Society on 14th March, 1916, with Sir Charles Lyall in the chair, when the Campbell Memorial Gold Medal was awarded to Professor Macdonell, of Oxford, the latter in his reply touched upon the desirability of creating, on behalf of British Sanskrit scholars, some opportunity of study and research in India. “The only remedy,” Professor Macdonell said, “seems to be the establishment of a school of research for Europeans at some centre of Sanskrit learning, preferably Benares, like the School of Classical Archæology at Athens or the French School at Hanoi in Indo-China. It will be a reproach to this country if we cannot establish something of this kind in India, with all our obligations to advance education and learning in connexion with the ancient civilization and literature of the vast Indian Empire.”