Turning to Great Britain, on the outbreak of war Lord Kitchener, then at Home on short leave from Egypt, was immediately appointed Secretary for War, and his appeals for two million recruits met with so rapid a response, and the drilling and equipment of the men was so effectually pursued, that, early in ihe New Year, the formation of six new armies, each of three army corps, could be announced, independently of the numbers. continually sent on to the Continent, those retained for coast defence in England and in Egypt, India and elsewhere. At the Admiralty, Prince Louis of Battenberg resigned the post of First Sea Lord on October 29 and was succeeded by Lord Fisher. On November 15, to the grief of all the Empire, Fieldmarshal Earl Roberts died in France, the result of a chill contracted while visit the troops at the front. will be dealt with in a separate article, but it may here be mentioned that when Parliament, Prorogued on August 18, was <e-opened by the King on November 11, Mr. Lloyd George announced a war loan of £350,000,- 000 and foreshadowed n w war taxation. The loan, at 3} per cent., was issued at 95 on November 17 and immediately largely oversubscribed. The financial and industrial conditions of Great Brit remained at the close st r thoroughly satisfactory, and prices were practically normal. Nothing could more clear-
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