Explicit equations for renormalization prescriptions in the case of pion-nucleon scattering

This talk is a natural continuation of that given by V.Vereshagin at this conference. We discuss some details not covered in that talk and review the calculational technique using the (\pi N)-elastic scattering as an example. Finally, we briefly mention some results of numerical comparison with experimental data. More technical details can be found in the talk by K.Semenov-Tian-Shansky (this conference)devoted to the analysis of elastic KN scattering.