If you ask me to state the result in a sentence, it is this: All money that is spent in these days on superfluous comforts or luxuries, whether in the shape of goods or in the shape of services, means the diversion of energy which can be better employed in the national interests, either in supplying the needs of our fighting forces in the field or in making commodities for export which will go to reduce our indebtedness abroad. And, on the other hand, every saving we make by the curtailment and limitation of our productive expenditure increases the resources which can be put by our people at the disposal of the State for the triumphant vindication of our cause. I said our cause. That, after all, is the summary and conclusion of the whole matter. We are making here and throughout the Empire a great national and Imperial effort, unique, supreme. The recruiting of soldiers and sailors, the provision of munitions, the organisation of our industries, the practice of economy, the avoidance of waste, the accumulation of adequate war funds, the mobilisation of all our forces, moral, material, personal--all these are contributory and convergent streams which are directed to and concentrated upon one unifying end, one absorbing and governing purpose. It is not merely with us a question of self-preservation, of safeguarding against hostile design and attack the fabric which has withstood so many storms of our corporate and national life. That in itself would justify all our endeavours. But there is something even larger and worthier at stake in this great testing trial of our people. There is not a man or a woman among us but he or she is touched even in the faintest degree with a sense of the higher issues which now hang in the balance, who has not, during this last year, become growingly conscious that, in the order of Providence, we here have been entrusted with the guardianship of interests and ideals which stretch far beyond the shores of these islands, beyond even the confines of our world-spread Empire, which concern the whole future of humanity. (Cheers.) Is right or is force to dominate mankind? Comfort, prosperity, luxury, a well-fed and securely sheltered existence, not without the embellishments and concentrations of art and literature, and perhaps some conventional type of religion--all these we can purchase at a price, but at what a price! At the sacrifice of what makes life, national or personal, alone worth living. My Lord Mayor and citizens of London, we are not going to make that sacrifice (loud and prolonged cheers, the audience rising and waving their hats). Rather than make it, we shall fight to the end, to the last farthing of our money, to the last ounce of our strength, to the last drop of our blood. (Loud cheers.) Cases Reserved By SIR OWEN SEAMAN [From Punch.]