Chorus.

(With a common-sense air.) Let us keep, deah boys! On the Cheap,
While Britannia is the boss upon the deep,
She can wollop an invader, when he comes in his Armada,
If she's let alone to do it—On the Cheap!

Second Verse.

(Affectionately.) Johnny Bull is just as plucky as he was, deah boys!
(With a knowing wink.) And he's wide awake—no error!—not asleep;
But he won't stump up for ironclads—becos, deah boys!
He don't see his way to get 'em—On the Cheap!

Chorus.

So keep, deah boys! On the Cheap,
(Gallantly.) And we'll chance what may happen on the deep!
For we can't be the losers if we save the cost o' cruisers,
And contentedly continue—On the Cheap!

Third Verse.

The British Isles are not the Conti-nong, deah boys!
(Scornfully.) Where the Johnnies on defences spend a heap.
No! we're Britons, and we're game to jog along, deah boys!
(With pathos.) In the old time-honoured fashion—On the Cheap!

Chorus.

(Imploringly.) Ah! keep, deah boys! On the Cheap;
For the price we're asked to pay is pretty steep.
Let us all unite to dock it, keep the money in our pocket,
And we'll conquer or we'll perish—On the Cheap!