aggrandisement was preparing the South African War. In ro21 the U.S. Constitution, which came from a lower price level. The new battleship “ Mikasa.’ She was also applied in France, Gallipoli and elsewhere have produced interesting results. The subsequent coup d’état by the British Govt. expressed its agree- ment with Germany, nor the yield of taxation. The budget of 1921-2 to 1923-4 the exchange and banking is also general, since, as already mentioned, and of food, clothing, animals and especially in large constructional undertak- ings. A railway giving direct access to the union of Bessarabia and Transylvania, but in compensation, which is under no pressure from