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Reports that he has seen both Dr Coit and Muirhead in the past few days. Writes to explain his understanding of the matter to Sidgwick. Reports that he has thought over the scheme a little since speaking to Coit, who proposes to raise a fund for supporting ethical missionaries and wants Muirhead, Stout, Stephens and Sidgwick 'to act as a kind of counselling board and especially as licensing the said lecturers.' Refers to the financial side of the question. Doubts the success of the scheme. Suggests that if Sidgwick is in agreement with him they should make their positions clear.