Exchanges.

The Editors beg to acknowledge with thanks the receipt of the following exchanges:—

"The Wanganui Collegian," "Scindian," "The Southlandian," "The Adastrian," "Canterbury Agricultural College Magazine," "Otago High School Magazine," "The Timaruvian," "Wellington Girls' College Reporter," "The "The Waitakian," "The Nelsonian," "The Taranakian," "Government Insurance Recorder."