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Mr. Gladstone has evidently aimed at making a very strong

department of the Treasury. He has subdivided the duties of Financial Secretary to the Treasury, —most onerous and responsi- ble duties which no one man could possibly discharge efficiently, —and given part of them to Mr. Stansfeld, as Third Lord of the Treasury, and part to Mr. Ayrton, as Financial Secretary to the Treasury. In this way the Treasury work will no longer be as oppressive as it has been, and there will be a much more complete supervision of the Government contracts. Mr. Stanafeld will have a great weight, though not his due weight, in the new Govern- ment, and Mr. Ayrton a sufficient field for his enormous energy and acuteness.

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