Page:Punch (Volume 147).pdf/529

December 9, 1914.] 





days ago, when sitting in Committee on ways and means in the matter of Christmas presents, Joan and I made out that the extra taxes which we should be called upon to disgorge this year would amount to £3 16s. 1d.

"That's curious!" Joan remarked, comparing our calculation with some figures on another slip of paper before her. "Isn't three pounds sixteen and a penny half of seven pounds twelve and twopence?"

"It is," I admitted. "But why?"

"Because last year," said Joan, "our Christmas presents cost us exactly seven pounds twelve and twopence. In other words it means that we can only afford—owing to the extra taxes—to spend half that sum on presents this year."

I nodded.

"Well," continued Joan, "I have a splendid idea. Our folk, I know, won't expect proper presents this year. How would it be if we"

"I know what you mean," I chimed in. "Give them half-presents! Half a lace scarf to your mother, one fur glove only to your father, afternoon-tea saucers to Aunt Emma, a Keats Calendar for 182 days to Uncle Peter, kilt-lengths instead of dress-lengths to Cook and Phoebe, and so on, all with promissory notes for the balance attached."

"I don't mean anything of the sort," said Joan. "We shall give no half-presents. We shall give one whole present where it will be needed far more than by our relations. It will have a face-value of three pounds six-teen and a penny, but virtually it will represent a sum of seven pounds twelve and twopence."

I coughed a sceptic's cough.

"You don't believe me," said Joan. "Now, will you be content to give me, here and now, a cheque for three pounds sixteen and a penny, and credit your conscience with double that sum? Will you be willing to leave its disposal to me if I guarantee that that shall be the full extent of your liability?"

"Absolutely!" I replied with enthusiasm. "Can't you arrange to settle the rates, the electric-light bill and the coal bill on the same terms?"

"No," said Joan gravely, "my principle only applies to presents. Here's your cheque-book and here's my fountain-pen."

"What is your principle?" I asked as I meekly complied with her demand.

"What did Mr. say in 1912?" was all the answer Joan vouchsafed, so I deced to follow that eminent statesman's advice and wait and see.

When I came clown to breakfast two days later Joan passed me The Times. "Read that," she said, indicating a paragraph in the "Personal" column marked in pencil.

"The Chancellor of the Exchequer," I read out, "acknowledges the receipt 