This edition of the Quarterly Bulletin of the National Gallery of Victoria includes an introduction by Keith Murdoch, Chairman of the Trustees of the National Gallery of Victoria, and discussion of the following works: The reward of philosophy by Paolo Caliari; Anthony Highmore by Joseph Highmore; Self-portrait by Joseph Highmore; Portrait of a young girl by Joseph Highmore; Christchurch, Newgate Street by John Piper; and Fish by Frances Hodgkins.