HONOURS EASY.

Sir E.L. (gaily). "BARONETTED? OF COURSE, MY BOY—RIGHT THING TO DO! THANKS. TA-TA!" [Careers away, to keep up his circulation.

Mr. P. "AND YOU, MR. LABBY?"

H.L. (languidly). "OH—AH—AS FOR ME—I'M OUT OF IT—THAT'S THE TRUTH."