Ladies and Gentleman the "back of the envelope" has long
since passed: I know that the Institute's well established history
and tradition of initiative and energy, professionalism and integrity
will stand you in good stead in the future: I know beyond doubt that
you are well equipped to deal with, and overcome, the many problems
which will undoubtedly arise in the years to come: I wish you all
success and happiness in the future.
Ladies and Gentlemen,
Toast: "The Institute of Chartered Shipbrokers".