15 JANUARY 1927, Page 1

THE CIRCULATION OF " THE SPECTATOR "

To the Directors of . 21 Ironmonger Lane. The SPECTATOR, Limited. London, E.C. 2.

13 York Street, London, W.C. 2. 21st December, 1926. Gentlemen, We have examined the Company's Accounts and records relating to the issue of the SPECTATOR for the fifty-two weeks ended Novem- ber 27th. 1926, and certify that the Net. Saks (exclusive of all free copies), after deducting returns received during the week of each issue, averaged 21,734 (twenty-one thousand, seven hundred and thirty-four) copies

per week. Yours faithfully, (Signed) Anna n, Dexter & Co. Chartered Accountants.