OF THE THAMES VALLEY. 83 result of erosion We feel confident that the deep channel of the Lea simply represents in that tributary the deep channel in the Thames Valley, and therefore that its excavation took place in late Pleistocene times. If, as Mr. Holmes believes, the excavation of the Lea Channel was Pre-Glacial or early Glacial, then he must also show that the excavation of the valley of the Thames was accomplished first at a corresponding period ; then that it in common with the Lea Valley was filled up with glacial detritus; and lastly that it was re-excavated and filled again with later Pleistocene and Holocene deposits. Of this there is certainly no evidence whatever, and on the contrary, in our opinion there is direct evidence against any such view. We may state in conclusion, that the deep channel of the Lea was exactly what we expected, and indeed believed to occur, long before its discovery was actually made, by the consideration of the evidence of the Thames Valley. IV. CONCLUSIONS. The manner in which the evidence has been treated in the preceding pages renders any attempt at setting forth our conclusions in extenso unnecessary. There still remain, however, three points on which we have to touch. The first of these is the subject of the stratigraphy of the deposits, and as we have summarised our views with regard to the deposits of the Thames and the Mardyke in the annexed table, we may dismiss it from the discussion. We have endeavoured to show that the deposits of the Lower Thames, taken as a whole, form terraces, which, from their structure, give clear evidence of their formation under those conditions which would result from a series of changes in the relative value of the base-level of erosion of the region, and we have indicated that such changes in the base-level of erosion have probably been occasioned by tectonic movements which altered the relations between land and sea. It remains for us to give, as far as the evidence noted in this paper carries us, an idea as to what those changes were at the various stages, that is, as to whether they were of a positive or a negative character. In doing so it is necessary to ascertain precisely what the base- level of erosion of a region is. We have already defined its function and we have shown that base-levels may be local as well