Fess Trap ano Paywent or Dest, As for Mr. Asquith's disposal of surplus it has not met with serious opposition from any quarter. In commercial circles, quite apart from political opinion, it has been acknowledged with hardly © dissentient voice that, if the national credit is to be maintained, is provision munt be made for 8 more rapid repayment of the National Debt. Of late years the Government has been incresshone hand while paying it and that fall of Is cannot be doubted. Bir. Asquith that system. There for barrack-and auch purposes; work of that kind is to be paid for cut of revenue, Tu the course of a few years a debt of some £45,000,000 has been incurred in involving an annual charge, including repayment of some five or fons, Then in addition Mr. Asquith devotes half-a million surplus to further reduction of the National Debt. Allowing some £400,000 for contingencies this reduces millions. Of lion to repealing the export duty on coal, which has always been denounced an utterly uneconomic titiable tax; some £900,000 to reduction of the tea duty by ove penny, about a hundred thousand to some useful little postal reforms, and £136,000 to grant-in-sid of essitous school districts—districts like West Ham, where owing largely to circumstance beyond local control ably hig) has repealed the little trip tobacco wi posed Inst ye involved is too small to affect the revenue sppreciately, but united with the abolition of the coal duty and Mr. Ritchie's repeal of the shilling duty on Trade us recently introduced corn it gots rid of all the Anti-Fiee!
Tas Eovrrian Crisis.
Unionists cannot accuse the Radical into our fiscal system. {Government of a want of firmness in dealing with the Tabah incident; but the Porte, and particularly the present Private View day at the Royal Sultan of Turkey, are objects of such Academy.
y. A somewhat hasty survey intense abhorrence to all good Radicals of the 'Assured of the impression that it will rank among pictures has left hae with the' that Sir Edward Grey is loot interesting shows of cent Years, "cran to th verbo the! of all his party i ji To-day ultima-m—with I rich in beautiful landscapes and sea pieces, Peter Gral and David tum has been presented to the Porte de-Murray especially coming out strong and there is much excellent i mendi i withdraw. of—for that is the branch of Peninsula of pays bes—but it is weaker than delimitation of the Turko-Egyptian vor in great subject pieces, The frontier. It car hardly be doubted place of honour in the principal room that the Sultan will recogni the place before which President, sity Hy as it is under-Sir E. J. Paynter will sit at will have the to-morrow—is occupied by his por-support of France and Italy. But trait of Duchess of Northumber-{ Abdul Ahmed is an astute person, and Iand, which is flanked by landscapes when the work of delimitation comes from the brushes of David Murray aod the position of the British Govern-Sir Ernest Waterlow. Oppositeis hi {ment will not be without. difficulties, one of Sic Alma Tadema's exqu The Porto laid claim to the disputed luo soa in which territory as for back s 1902, and maid and a hand-although there is no question that the It illustrates disputed territory belongs of right to lines in the Princess, Egypt, the claim than put forward for ats touch the Porto at that time seems to ha I yield."
The picture which will be been sccopted with s somewhat doubt-probably most talked about hangs on' ful reservation, so that if the matter the line in the contre of the end wi wore raterred to arbitration it is quite of this room, a position which shares ible that the Sultan might abt with the other two the Lonour of th deci ion on favour, And it will be three best positions in the whole exhi [somewhat dificult for a Liberal bition, This is Mr. Edwin Abboy's Goveroment to refuse arbitration. "Columbus in the New World."
Happily, however, thor is no fear of quaint and wonderful piece of pute leading to jimvaliem, brilliant with the reds in which Mr. Abbey delights. Columbus, gaunt Sigur in armour, koeels on
Text read from the printed page and cleaned; old type leaves the occasional error.