23 JANUARY 1886, Page 23

The Century Guild Hobby-Horse. No. 1. (Kegan Paul, Trench, and

Co.)—This magazine will probably have something to say on Art which will be worth hearing, if we may judge from the three "Notes" -which Mr. Selwyn Image contributes to the present number. It would be difficult to answer what Mr. Image says about the repre- sentation of the nude. Mr. Arthur H. Mackmnrdo contributes "Notes on the National Gallery," which may be read with advantage. We cannot say much for the poetry, and the conception of the frontis- piece, "Oar Lady of the Rains," seems imperfectly carried oat.