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114 the heads of the dock companies, the other docks of the Thames are no disgrace to the town with a population greater than that of some commonwealths. The growth of London as a well-equipped port has been slow, while not unworthy of a great capital, of a great centre of distribution. It must not be forgotten that London has not the backing of great industrial districts or great fields of natural exploitation. In this it differs from Liverpool, from Cardiff, from Newcastle, from Glasgow; and therein the Thames differs from the Mersey, from the Tyne, from the Clyde. It is an historical river; it is a romantic stream flowing through the centre of great affairs, and for all the criticism of the river's administration, my contention is that its development has been worthy of its dignity. For a long time the stream itself could accommodate quite easily the oversea and coasting traffic. That was in the days when, in the part called the Pool, just below London Bridge, the vessels moored stem and stern in the very strength of the tide formed one solid mass like an island covered with a forest of gaunt, leafless trees; and when the trade had grown too big for the river there came the St. Katherine's Docks and the London Docks, magnificent undertakings answering to the need of their time. The same may be said of the other artificial lakes full of ships that go in and out upon this high road to all parts of the world. The labour of the imperial waterway goes on from generation to generation, goes on day and night. Nothing ever arrests its sleepless industry but the coming of a heavy fog, which clothes the teeming stream in a mantle of impenetrable stillness.

After the gradual cessation of all sound and movement on the faithful river, only the ringing of ships' bells is heard, mysterious and muffled in the white vapour from London Bridge right down to the Nore, for