Readers are urged to place an order with their Newsagent for the regular
delivery of copies, as _Punch_ may otherwise be unobtainable, the shortage
of paper making imperative the withdrawal from Newsagents of the
"on-sale-or-return" privilege.

In consequence of the increase in the price of _Punch_ the period covered
by subscriptions already paid direct to the _Punch_ Office will be
proportionately shortened; or the unexpired value will be refunded, if
desired.

The next issue of _Punch_ (March 28th) will be a Navy Double Number, price
Sixpence. The Proprietors regret that arrangements for this Number were
completed before the further drastic restrictions in the paper supply were
announced.

* * * * *

[Illustration: _Unlucky One_ (_after perusing latest list of honours_).
"NEVER HAVE HAD ANY LUCK. MONTHS AGO I SAVED A SERGEANT CHAP FROM A ROTTEN
PLACE--CARRIED THE FELLOW ALL THE WAY BACK--AND TOLD HIM NOT TO SAY A WORD
ABOUT IT!"

_Friend._ "WELL, WHAT'S WRONG? HAS HE BEEN TALKING?"

_Unlucky One._ "NOT A WORD, CURSE HIM!"]

* * * * *

THE MUD LARKS.