The following Report, together with her Majesty's Answer, on the occasion of the inauguration of the building, cannot fail to be interesting as a brief record of the proceedings connected with this noble undertaking up to that period:—

"May it please your Majesty,—We, the Commissioners appointed by your Majesty's royal warrant of the 3rd of January, 1850, for the promotion of the Exhibition of the Works of Industry of all Nations, and subsequently incorporated by your Majesty's Royal Charter of the 15th of August in the same year, humbly beg leave, on the occasion of your Majesty's auspicious visit at the opening of the Exhibition, to lay before you a brief statement of our proceedings to the present time.

"By virtue of the authority graciously committed to us by your Majesty, we have made diligent inquiry into the matters which your Majesty was pleased to refer to us, namely, into the best mode of introducing the productions of your Majesty's colonies and of foreign countries into this kingdom, the selection of the most suitable site for the Exhibition, the general conduct of the undertaking, and the proper method of determining the nature of the prizes and of securing the most impartial distribution of them.

"In the prosecution of these inquiries, and in the discharge of the duties assigned to us by your Majesty's Royal Charter of Incorporation, we have held constant meetings of our whole body, and have, moreover, referred numerous questions connected with a great variety of subjects to committees, composed partly of our own members and partly of individuals distinguished in the several departments of science and the arts, who have cordially responded to our applications for their assistance at a great sacrifice of their valuable time.

"Among the earliest questions brought before us was the important one as to the terms upon which articles offered for exhibition should be admitted into the building. We considered that it was a main characteristic of the national undertaking in which we were engaged that it should depend wholly upon the voluntary contributions of the people of this country for its success; and we therefore decided, without hesitation, that no charge whatever should be made on the admission of such goods. We considered, also, that the office of selecting the articles to be sent should be intrusted in the first instance to local committees, to be established in every foreign country, and in various districts of your Majesty's dominions; a general power of control being reserved to the Commission.

"We have now the gratification of stating that our anticipations of support in this course have in all respects been fully realised. Your Majesty's most gracious donation to the funds of the Exhibition was the signal for voluntary contributions from all, even the humblest, classes of your subjects, and the funds which have thus been placed at our disposal amount at present to about 65,000l. Local committees, from which we have uniformly received the most zealous co-operation, were formed in all parts of the United Kingdom, in many of your Majesty's colonies, and in the territories of the Hon. East India Company. The most energetic support has also been received from the Governments of nearly all the countries of the world, in most of which Commissions have been appointed for the special purpose of promoting the objects of an Exhibition justly characterised in your Majesty's royal warrant as an Exhibition of the Works of Industry of all Nations.

"We have also to acknowledge the great readiness with which persons of all classes have come forward as exhibitors. And here again it becomes our duty to return our humble thanks to your Majesty for the most gracious manner in which your Majesty has condescended to associate yourself with your subjects by yourself contributing some most valuable and interesting articles to the Exhibition.

"The number of exhibitors whose productions it has been found possible to accommodate is about 15,000, of whom nearly one-half are British. The remainder represent the productions of more than forty foreign countries, comprising almost the whole of the civilised nations of the globe. In arranging the space to be allotted to each, we have taken into consideration both the nature of its productions and the facilities of access to this country afforded by its geographical position. Your Majesty will find the productions of your Majesty's dominions arranged in the western portion of the building, and those of foreign countries in the eastern. The Exhibition is divided into the four great classes of—1, Raw Materials; 2, Machinery; 3, Manufactures; and 4, Sculpture and the Fine Arts. A further division has been made according to the geographical position of the countries represented; those which lie within the warmer latitudes being placed near the centre of the building, and the colder countries at the extremities.

"Your Majesty having been graciously pleased to grant a site in this your royal Park for the purposes of the Exhibition, the first column of the structure now honoured by your Majesty's presence was fixed on the 26th of September last. Within the short period, therefore, of seven months, owing to the energy of the contractors and the active industry of the workmen employed by them, a building has been erected, entirely novel in its construction, covering a space of more than eighteen acres, measuring 1,851 feet in length, and 456 feet in extreme breadth, capable of containing 40,000 visitors, and affording a frontage for the exhibition of goods to the extent of more than ten miles. For the original suggestion of the principle of this structure the Commissioners are indebted to Mr. Joseph Paxton, to whom they feel their acknowledgments to be justly due for this interesting feature of their undertaking.

"With regard to the distribution of rewards to deserving exhibitors, we have decided that they should be given in the form of medals, not with reference to merely individual competition, but as rewards for excellence in whatever shape it may present itself. The selection of the persons to be so rewarded has been intrusted to juries equally composed of British subjects and of foreigners, the former having been selected by the Commission from the recommendations made by the local committees, and the latter by the Governments of the foreign nations the productions of which are exhibited. The names of these jurors, comprising, as they do, many of European celebrity, afford the best guarantee of the impartiality with which the rewards will be assigned.