NOTICE.

In order to meet the national need for economy in the consumption of paper, the Proprietors of Punch are compelled to reduce the number of its pages, but propose that the amount of matter published in Punch shall by condensation and compression be maintained and even, it is hoped, increased.

It is further necessary that means should be taken to restrict the circulation of Punch, and on and after March 14th its price will be Sixpence. The Proprietors believe that the public will prefer an increase of price to a reduction of matter.

Readers are urged to place an order with their Newsagent for the regular delivery of copies, as Punch may otherwise be unobtainable, the shortage of paper making imperative the withdrawal from Newsagents of the "on-sale-or-return" privilege.

In consequence of the increase in the price of Punch the period covered by subscriptions already paid direct to the Punch Office will have to be proportionately shortened.