W. M. J. WILLIAMS.

[Illustration: LOAN JUGGLERY

MICHAEL: "For my 100 marks I obtained a receipt. I gave this for a

second 100 marks and I received a second receipt. For the third loan I

gave the second receipt. Have I invested 300 marks and has the

Government got 300, or have both of us got nothing?"]

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Raemaekers' Cartoons: With Accompanying Notes by Well-known English Writers · 第 138 / 315 题