Yet another exceptional honour that befel the _Dreadnought_ was after the great review of the Home Fleet off Cowes, on the first Monday of August this year, when King Edward, with Queen Alexandra, the Prince of Wales, and Prince Edward of Wales, with Sir John Fisher and members of the Royal suite, went out on board the _Dreadnought_ to beyond Spithead to witness target-practice with the _Dreadnought’s_ turret-guns; the memorable occasion on which, at 2640 yards’ range, the four 12-in. guns that fired, scored within two and a half minutes nine bull’s-eyes and two “outers” out of twelve rounds discharged. Never to be forgotten was the scene as the _Dreadnought_ passed down the double lines of the Home Fleet in the brilliant sunshine; the ships all dressed with flags, and with decks manned, and cheering, and firing salutes—the giant ship herself flying the Royal Standard at the masthead and at either yard-arm the Union Flag, symbol of His Majesty’s rank as Admiral of the Fleet, and the Admiralty Anchor Flag, a combination not seen on board a British man-of-war of the fighting-line, even in those historic waters, for over a century—not, indeed, since that summer’s morning of 1794, when the three flags flew together at the mastheads of the famous _Queen Charlotte_, denoting King George the Third’s presence on board, with his Queen, on his visit to present a diamond-hilted sword of honour to Lord Howe, then just arrived with the prizes taken on the Glorious First of June. That also was the last occasion, until the other day, on which a King and Queen of England were together on board a British man-of-war at sea. The guns fired before the King and Queen were those in the two after-turrets, and the targets used were the usual service ones, 16 ft. by 20 ft., with a central bull’s-eye 14 ft. square. The range was about a mile and a half, and six rounds were fired from each turret. Of the three shots placed outside the bull’s-eye, two went through the target, whilst the third, which missed, cut away the rope fastening the canvas of the target to the framework. Two of the shots in the bull’s-eye went through the very centre, through a small circle, about thirty inches in diameter, marked in the middle of the target. We will conclude this outline of our _Dreadnoughts’_ story with a brief tabular statement of certain points in detail of comparison and contrast between the _Dreadnought_ of to-day and the historic _Victory_. THE _DREADNOUGHT_ AND _VICTORY_ COMPARED