2 MARCH 1918, Page 3

Mr. Boner Law spoke in London on Tuesday on behalf

of the proposal to raise £100,000,000 in War Bonds during the " Business Men's Week," beginning on Monday next. He explained that he had not tried to raise another great loan last autumn, before the subscribers to the January loan had repaid their bankers, lest the new loan should yield less than the last, and thus suggest to foreigners that we were weakening. He had therefore tried the plan of a continuous loan, and people by lending to the State day by day and week by week as much as they could afford had already subscribed in National War Bonds more new money than was raised by the Four and a Half per Cent. Loan. We need to convert this unheroic but invaluable practice into a habit, and to do that the public memory must be continually jogged. Mr. Boner Law's admirable speech served its purpose well. He would not prophesy smooth things about the war. " The war is obviously not going to end soon." " We have a rugged path before us." But he trusted in the British people.