with the discussion over the meal. He brought them back to the Munition Department afterward and he went on with the matter all the afternoon. Tea was served, and still he would not let his advisers escape. It was nearly dinner-time before the difficulties were conquered and the tired experts were permitted to go. Lloyd George, cheered by the achievement, had a little food, and then proceeded to work far into the night to clear up some of the arrears of the day's routine. As for the staff, they had to work, too. There are no easy times for those associated with Lloyd George when he is under pressure. These are examples from recent times, but throughout the whole of his career there have been contradictions which have staggered friends as well as enemies. I do not believe there is a more sincere man in public life; there certainly is no shrewder one, and yet when he was Chancellor of the Exchequer in charge of the finances of the country he was imprudent enough in an impulsive moment to invest privately some hundreds of pounds in a commercial company, an investment perfectly innocent in itself, but one which a worldly-wise person would have realized must lay open to attack any Chancellor of the Exchequer who had enemies. He never gave the thing a thought. He had always been a comparatively poor man. He saw a good investment and he put some of his savings into it. His opponents became aware of the matter, and in storms of virtuous passion held him up to execration as a corrupt politician who was using his position to make himself rich. There were bursts of unholy joy among the Conservatives. That innocent investment in Marconi shares was perhaps the most stupid thing in Lloyd George's public life. He gave his explanation with vigor and clearness, but, nevertheless, I fancy he must have kicked himself privately about the whole thing. Notwithstanding, however, the disadvantage at which he had placed himself, opponents found that now, as on other occasions, it was not a pleasant exercise to attack the Welshman. He had a horrid habit of defending himself by hitting back, and he usually hit very much harder than his attackers were capable of doing. When the dukes and earls fell on him in all their noble rage and dignity he culled stories from the past about them. One of the attacks on him was by Earl Selborne, who had been a Cabinet Minister in a Conservative administration. Lloyd George permitted himself no false delicacy about the noble earl. "He contends there is no correspondence between his story and mine. He is quite right. I have already pointed out the essential difference. I bought shares in a company which had no contract with the Government, and my purchase of even these shares was subsequent to the acceptance of the wireless tender by the Government. Earl Selborne was a director of a company during the time it was initiating and acquiring a huge contract with the Government, of which he was a member.