pleasanter task when it ceased to be purchased at the expense of the comfort of the working classes. The customs duties belonged to the separate Governments that collected them, and the quarter-income tax and succession duties were equally divided between the Imperial and the Dominion Governments. Thus the friction between them was minimised. The Imperial Government and the Dominion Governments both enjoyed during most years far more revenue than they required, and so large a reserve fund was accumulated that no inconvenience was felt in years of depression. Part of the surplus revenues arising from the reserve fund was employed in large educational and benevolent works and undertakings. The result of the system was that pecuniary suffering in all directions was at an end; but the ambition to acquire wealth, with its concomitant powers, was in no degree abated. Of course there was not universal content--such a condition would be impossible--but the controversies were, as a rule, less bitter than the former ones which prevailed between different classes. The man-and-woman struggle was one of the large points of constant difference, and again there was much difference of opinion as to whether the quarter-income and succession duties might be reduced to a fifth. It was argued, on the one hand, that the reserve funds were becoming too large, and that the present generation was working too much for its successors. On the other hand, it was urged that the present generation in working for its successors was merely perpetuating the gift which it had inherited, and that by preserving the reserve funds great strength was given to contend against any reverses that the future might have in store. Another point of controversy was the strength of the naval and military forces. A comparatively small school of public men argued that the cost and strength might be materially reduced without risk or danger, but the general feeling was not with them. This has been a long digression, but it was necessary to the comprehension of our story. It will easily be understood from what has been said that, supposing the alleged action of Lord Reginald was dictated by revenge, it was difficult to see, unless he resorted to treasonable efforts, what satisfaction he could derive from any agitation.