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NEWS OF THE WEEK.

DURING the week that has passed since our last issue the whole configuration of the political sky has changed. The menacing clouds which made the situation dark and difficult have cleared away, and once more appears the blue. On Monday Mr. Bonar Law was unanimously chosen the leader of the Unionist and Conservative Party by a full meeting of his political associates. In the afternoon he kissed hands as First Lord of the Treasury and received the King's commands to form a Cabinet.

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