Mr. Punch's History of the Great War
hardship will not be unduly postponed. The Coalition Government is shaking down. A Ministry of Munitions has been created, with Mr. Lloyd George in charge; and members of the Cabinet have decided to pool their salaries with a view to their being divided equally.
ON THE BLACK LIST
Kaiser (as executioner): "I'm going to hang you."
Punch: "Oh, you are, are you? Well, you don't seem to know
how the scene ends. It's the hangman that gets hanged."
Mr. McKenna has made his first appearance as Chancellor of the Exchequer and introduced a Bill authorising the raising of a War Loan unlimited in extent, but, being a man of moderate views, will be satisfied if nine hundred millions are forthcoming. Lord Haldane has been
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