The instrument described is the result of an attempt to construct a magnetic gradiometer capable of measuring small distortions of the earth's magnetic field in the same way as the Eotvos torsion balance measures non-uniformities of gravity. Although this purpose has not yet been achieved the first model of the instrument has revealed itself as a means of demonstrating in a convincing manner the paramagnetism or diamagnetism of substances of small susceptibility, for example, the diamagnetism of a few cubic centimetres of water. Moreover, the magnetizing fields employed are much smaller than has hitherto been customary, being of the order of 50 gauss or less. This first model of the instrument is imperfect in certain respects, mainly on account of the use of some brass in the construction. The objections to this material, on account of its ferromagnetic content, were not at first realized, and it will be necessary to construct a new apparatus, employing carefully chosen materials, before full advantage can be taken of the sensitivity available, and demonstration refined to precise measurement. It seems certain that gases also may be brought within the scope of accurate determination, particularly if access can be had to a suitable laboratory. The present apparatus, however, behaves well enough to warrant description, which is made pending the projected modifications. The system used also provides a basis for the construction of a new form of very sensitive galvanometer, and this matter is discussed briefly.