In the course of a visit to Cyzicus, made last December at the invitation of Mr. de Rustafjaell, Mr. Bosanquet and I had the opportunity of copying and taking impressions of two inscriptions from a marble pedestal (Fig. 1), known to the peasants as ‘Balik Tash’ or ‘Fish Stone’ from the reliefs carved upon it.The stone lies in a vineyard on the low ground of the isthmus in the central harbour of Panormus. Originally discovered by Mr. Tito Carabella of Constantinople, it was seen in January 1880 by Lolling, who published such copies of the inscription as it was possible to obtain without cleaning away the lichen and carbonate of lime which covered many of the letters. These imperfect copies were recently discussed by Dr. Wilhelm who had enquired for the stone at Constantinople and failed to discover its whereabouts. Last summer it was re-excavated by Mr. de Rustafjaell: we succeeded in removing the incrustation and obtained more complete readings.