gnature of Peace and in deep thankfulness
for the relief it brings to a stricken world, Mr. Punch is too old to jazz
for joy, but he is young enough to face the future with a reasoned
optimism, born of a belief in his race and their heroic achievements in
these great and terrible years. Victory took us by surprise; and we were
less prepared for Peace at that moment than we had ever been for War. And
just as in the first days of the fighting we went astray, running after the
cry "Business as usual," so to-day we are making as bad a mistake when we
run after "Pleasure as usual"--or rather more than usual. But we soon
revised that early error, and we shall not waste much time about revising
this. For though we lacked imagination then, and still lack it, we have the
gift, perhaps even more useful if less showy, of commonsense. And when
commonsense is found in natures that are honest and hearts that are clean,
it may make mistakes, but not for long. No, the spirit which won the War is
not going to fail us at this second call. Perhaps we have only been waiting
for the actual coming of Peace to settle down to our new and greater task.

But let us never forget the debt, unpaid and unpayable, to our immortal
dead and to the valiant survivors of the great conflict, to whom we owe
freedom and security and the possibility of a better and cleaner world.

[Illustration: GHOSTS AT VERSAILLES]

INDEX

"According to plan,"
Admirals, retired, accept commissions in R.N.R.
Admiralty and Zeebrugge despatches
Africa, German South-West, Botha makes clean sweep in
After one Year
Airmen, Allied
Bombard Karlsruhe
German, increased activity of
Air Raids
Daylight, extend to London
Public to be warned
Aisne, Battle of
Alarming spread of bobbing
Albert, King of Belgium
Tribute to
Victorious on Flanders coast
Allenby, General
Advances steadily
Captures Damascus
Enters Jerusalem
Allied Council, new, formed
Allotment workers
Alsace-Lorraine reunited to France
Also Ran
America
Enters War
War of Notes
American, an, interviews German Crown Prince
American Troops
Enter firing line
First land in France
Ammunition expended round Neuve Chapelle
Amundsen, Roald, prepares for trip to North Pole
Ancre, British push extends to
Anglia, East, air-raids in
Antwerp, Fall of
Anzac, British heroism at
Armenia, martyrdom of
Armentieres,