_Punch's_ Almanack for 1912 treats of current events in a light-hearted spirit. There is one picture, however, with an ominous and prophetic heading, "Period--The War of 1914," in which an irate M.F.H. abuses the invaders--unmistakable Germans--for heading the fox. The artist, Mr. J. L. C. Booth, a very gallant gentleman, fell in Gallipoli in 1915. But there were other and more unmistakable omens at the opening of the New Year, when M. Caillaux, before resigning, had attempted to reconstruct his Cabinet with M. Delcassé as Foreign Minister--a situation typified by _Punch_ in his cartoon of "The return of the scapegoat." M. Caillaux resigned under a cloud; M. Delcassé failed to form a Government, but remained on as Minister of Marine under M. Poincaré. For the moment Germany's troubles at home diverted attention from her foreign relations. The demands of the Socialists are illustrated in the dialogue between the Kaiser on the summit of a rocky peak and a figure climbing up to the summit. "What business have you here?" asks the Kaiser, and the Socialist answers: "I, too, want 'a place in the sun.'" [Illustration: THE NEW DIPLOMACY ADVANCED DEMOCRAT (to Foreign Secretary): "Look here, we've decided that this isn't to be a private room any more and you're to put your cards on the table and then we can all take a hand." FOREIGN SECRETARY: "What, and let my opponents see them too?"] In March the Navy estimates issued by Mr. Churchill as First Lord were expressly stated to be conditional upon the naval programmes of other nations: _Punch_ accordingly showed him as the Plain Dealer hoisting as his signal "England expects that every nation will do its duty--by not increasing its armaments." The rival views on naval concentration are shown a little later in the "Geography Lesson" given by "Dr." Kitchener--Lord Kitchener had gone to Egypt as Agent-General in the previous year--to Master Churchill and Master Asquith. "What do you know about the Mediterranean?" he asks, and Master Churchill replies: "Well, it looks a nice place for ships; but, to tell you the truth, we've been concentrating our attention on the North Sea lately, haven't we, Herbert?" and Master Asquith replies: "That is so."