You give a crumbled stack of scientific notes to Alchemist.
Alchemist says 'Oh my! You found my lost notes! I'm eternally grateful.'  
Congratulations! You have just completed Alchemist's dilemma!
You receive 524 gold as a reward for completing the quest.
You receive 2 training points.
Your faction standing with shrea has increased.
Alchemist says 'Here, take this as a reward for your efforts.
Alchemist gives you a potion.