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First pages of the volume, freely accessible.

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THE STUDIO HUNGARIAN PAINTING The Sketch Books of SIR WILLIAM ORPEN Colour Lithography PAUL NASH the Man and his Work BALI: AN ARTIST’S PARADISE --- DECEMBER 1932 2s. NET

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The most charming Christmas gifts are found in “The Studio” list ART OF EGYPT THROUGH THE AGES Edited by Sir E. Denison Ross. Medium Quarto. 42s. net. > “This astounding, comprehensive and simply written book fills a place which has sorely needed an occupant ever since the British public began to show an interest in the treasures of Egypt.” SUNDAY TIMES. THE BOOK OF KELLS (THIRD EDITION) Edited by Sir Edward Sullivan, Bart. Medium Quarto. 30s. net. Forty-nine illustrations in colour reproducing the most beautiful book in the world. THE POEMS OF NIZAMI Introduction by Laurence Binyon. 30s. net. A sumptuous facsimile reproduction of a famous series of Persian paintings. Arnold Bennett regarded this book as the perfect Christmas gift. MISE EN PAGE By A. Tolmer. Medium Quarto. 30s. net. The most exciting volume on design ever published. MODERN GLASS By Guillaume Janneau. Medium Quarto. 30s. net. A beautifully illustrated record of fine glass of the present day. “A sumptuous treatise.” SPHERE MODERN ARCHITECTURE By Bruno Taut. Medium Quarto. 30s. net. With authoritative text and a comprehensive series of illustrations this book ranks as a standard work. MODERN INTERIORS By Herbert Hoffman Medium Quarto. 38s. net. An illustrated survey of the finest examples of interior architecture of the age. THE STUDIO LIMITED, 44 LEICESTER SQUARE, LONDON, W.C.2

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NOW is the time to VISIT AMERICA AMERICA . . . towering buildings of seventy, of one hundred stories . . . bridges of amazing size and beauty . . . theatres like exotic palaces . . . hotels of a thousand rooms and more, with veritable armies of servants to make you supremely comfortable . . . stores that serve thirty thousand patrons a day . . . AMERICA . . . vast in material achievement, in energy . . . the New World — so distinct and different that it must be seen with your own eyes. Now you can go at a cost that is trifling compared with the experience that awaits you. In time, 20 days or more; in money, a hundred pounds or so. Travel costs are down, living expenses are down. Now is the time to visit America! CHICAGO, America’s second city, celebrates “A CENTURY OF PROGRESS” with a great International Exposition, from June to November in 1933. All the world is invited to attend. A DELIGHTFUL VOYAGE You are in the New World the moment you step aboard the great ships of United States Lines fleet, headed by the LEVIATRAN, mightiest vessel that flies the American flag. Call at our offices for full information on rates, accommodations, sailing dates, or write for the interesting leaflet, “VISIT AMERICA”. UNITED STATES LINES 14 Lower Regent Street London, S.W.1 19 Westbourne Terrace Queenstown, Ireland Offices at Southampton Fyrmouth, Glasgow and Dublin --- THE SHERRY-NETHERLANDFifth Avenue at 59th StreetNew YorkFamous residence, hotel overlooking Central Park and 59th St. Plaza . . . near the smartest shops and theatres; quickly accessible to business and financial centers. Rooms of private-home luxury, competent domestic staff. From $6 the day, with private bath. --- THE SAVOY-PLAZAFifth Avenue at 59th StreetNew YorkIdeally located on Fifth Avenue, flanking the plaza at the entrance to and overlooking the two and one-half mile green expanse of Central Park; these distinguished hotels offer the highest standard of hospitality. Two thousand-odd rooms luxuriously appointed . . . every detail of comfort to make your visit enjoyable. As the guest of The Plaza or Savoy-Plaza, you will live at an internationally-known address. From $6 the day, with private bath. --- THE PLAZAFifth Avenue at 59th StreetNew York --- ST. MORITZ ON-THE-PARKSixth Avenue at 59th StreetNew YorkThe thirty-first floor Sky Salon for dining and dancing, Rumpelmayer’s patisserie for breakfast and afternoon tea are delightful features of the St. Moritz — the New York home of many persons of prominence. The hotel faces on Central Park. From $4 the day, with private bath. --- THE ROOSEVELTMadison Avenue at 46th StreetNew YorkIn the very heart of New York Fashionable Fifth and Park Avenues one block away. Broadway’s theatres two or three. Yet its 1100 rooms (with 1100 baths) are delightfully quiet. Gymnasium, swimming pool, 3 restaurants, over 30 shops, from $4.50 the day, with private bath. --- THE WESTBURY15 East 69th StreetNew YorkOffers the latest unobtrusive luxury of the finest home . . . servants carefully trained to give unsurpassed hotel service. In Manhattan’s most fashionable quarter, 10 minutes from theatre and shopping districts. Apartments of unique charm from $5 the day, with private bath. --- THE MURRAYPark Avenue at 38th StreetNew YorkFashionable Park Avenue address . . . low rates . . . a most pleasing combination! Located in the heart of exclusive Murray Hill, within easy walking distance of shops, theatres, clubs and galleries. Delightful 2-room suites, with serving pantries, from $7 the day, with private bath. --- THE SHOREHAMResort HotelWashington, D.C.Newest of the deluxe hotels in the National Capital Next to a magnificent park, free from traffic sounds. Within 10 minutes of the White House. Pipe organ concerts in the Lounge . . . indoor golf . . . swimming pool . . . 800 sunlit outside rooms . . . from $4 the day, with private bath. --- AD. I

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THE STUDIO Edited by C. Geoffrey Holme. Number 477, Volume CIV CONTENTS FOR DECEMBER 1932 The Sketch Books of Sir William Orpen 307 An appreciation, by Mr. P. G. Konody, of the late Sir William Orpen's draughtsmanship, as revealed in his many sketch books. Modern Painting in Hungary 314 A survey of the conditions which have given rise to the present position and tendency of Hungarian Art, in which one may discern a vivid quality of realism, bright colour and a sort of up-to-date picturesqueness, which distinguishes it sharply from the standard generalisation of the current central European style. The Inexpensive Picture, by C. G. Holme 328 A comment on one of the recent exhibitions held with the aim of interesting a wider public in the collection of original paintings. Barbara Hepworth; Ben Nicholson 332 Two artists of the younger modern British School state their aims in answer to questions typical of those often propounded by the public. Colour Lithography, by A. S. Hartrick 334 British Interior Architects of To-day: 7, Allan Walton 338 The Art of William Kermode 341 Bali: An Artist's Paradise, by E. O. Hoppé 344 The Taliesin Fellowship; a modern Artists' Guild 348 Paul Nash; the Man and his Work, by William Gaunt 350 Art News 354 Reviews of Books 360 Fine Craftsmanship; THE STUDIO Supplement 365 SUPPLEMENTS IN COLOUR Betsul and Sathma, by Edward Wolfe Frontispiece Peasant Costume, by Stephen Pekary 317 The Sculptress, by A. S. Hartrick 335 Interior, by Allan Walton 339 Atlantic, by Paul Nash 351 Colour Photograph, by E. O. Hoppé 361 CONTENTS FOR JANUARY JAPAN AND TWENTIETH CENTURY ART: THE DECORATIVE ARTS IN THE UNITED STATES: PORTRAITS BY SIR WILLIAM ROTHENSTEIN: THE TRAGIC POSITION OF ABSTRACT ART: THE CRAFT OF COLOUR AQUATINT Telephone: Whitehall 3267 (two lines). Telegrams: Rhombic, London EDITORIAL Valuable originals are usually insured while in custody of The Studio, but it must be understood that all material is sent, and received, at owner's risk. Contributors should submit photographs, for first consideration, rather than originals. All material should bear full name and address, and be accompanied by return postage. Personal Enquiries should be accompanied by a stamped and addressed envelope. The Editor can only be seen by appointment. AGENTS AND SUBSCRIPTIONS. Home, 2s. per copy; 28s. per annum, post free. Bound Volume 15s. Overseas. British Dominions, India, Countries in Postal Union, 30s. post free. Canada (The Musson Book Co., 225 Jarvis St., Toronto), 26s. post free. France (Librairie d'Art Louis Reynaud, 52 Rue d'Assas, Paris 6), frs. 170 post free. Italy (Galleria Pesaro, Via Manzoni 12a, Milan) L-125. U.S.A. (Published under the title "The London Studio", $5.00 by The Studio Publications Incorporated, 381 Fourth Avenue, New York, to whom orders from U.S. readers should be sent for all Studio Publications. ADVERTISEMENTS. For advertisement rates apply to the Advertisement Dept., 44 Leicester Square. Copy by 1st of month prior to publication. No responsibility accepted for loss or damage of material or drawings sent to Box Nos. or otherwise in response to advertisements. LONDON: THE STUDIO LTD., 44 LEICESTER SQUARE, W.C.2

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ROYAL COPENHAGEN PORCELAIN ROYAL FACTORY MARK CELADON VASE designed by HANS HANSEN One of the latest pieces to arrive from the Royal Copenhagen Porcelain factory Height 11 in. Price £6 15s. ROYAL COPENHAGEN PORCELAIN CO. LTD., 6 OLD BOND STREET, LONDON, W.1 --- AMONG THE FINER THINGS OF LIFE Superb craftsmanship working on exquisite Virginia leaf has produced in PLAYERS N°3 a cigarette that satisfies the most exacting Smoker PLAYER'S N°3 EXTRA QUALITY VIRGINIA 10 FOR 8° 50 FOR 3/3 20 FOR 1/4 100 FOR 6/4 With or without Cork Tips ISSUED BY THE IMPERIAL TOBACCO COMPANY (OF GREAT BRITAIN AND IRELAND), LTD AD. 111 3-PBC

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DECEMBER EXHIBITIONS BETTACYNE GALLERY, 11 Sackville Street, W.1. Works of Art in Glass for Profitable Pleasure and Decorative Enrichment. BRITISH MUSEUM, Great Russell Street, W.C.1. Permanent Exhibition. Manuscripts, Prints, Drawings, Ancient Sculptures and Antiquities. Special Exhibitions: (1) Warren Hastings Centenary. (2) 15th-19th Century French Engravings. (3) Coptic Book-bindings. 10–6 (Sundays 2–6). BROOK STREET GALLERY, 14 Brook Street, W.1. November 14—December 9. Paintings in tempera, oil and water-colour, also colour wood-cuts by Loxton Knight. November 28—December 9, Fabrics by Madame L. Pillico. December 12–31, Hand-painted Pottery by Alfred H. and Louise Powell. CHELSEA TOWN HALL, King’s Road, Chelsea. Chelsea Exhibition of Arts and Crafts—Beautiful Handwork at Moderate Prices, Demonstrators of Craft Work, Unique Christmas Gifts (6th–9th). 11–7. Admission 1s. FINE ART SOCIETY LTD., 148 New Bond Street, W.1. John o’ Groats to Land’s End—Water-colours by W. Egginton. Venice and Northern Italy by Henry L. Brewer, R.I. London Stoneware by Alfred G. Hopkins. 10–6 (Saturdays 10–1). FOYLE ART GALLERY, Trefoile House, Manette Street, Charing Cross Road, W.C.2. World Press News—Exhibition of the Best News Pictures of 1932 (2nd–23rd). IMPERIAL WAR MUSEUM, South Kensington, S.W.7. Permanent Exhibition of Works executed by Artists during the War. (Sundays 2.30–6.) LEGER GALLERY, 13 Old Bond Street, W.1. December 7–31. Drawings and Engravings by British Artists. LEICESTER GALLERIES, Leicester Square, W.C.2. (1) Portrait Drawings and Lithographs by Edmond X. Kapp. (2) Paintings and Water-colours by Ethelbert White. 10–6 (daily). Admission 1s. LEFEVRE GALLERIES, 1a King Street, St. James’s, London, S.W.1. Fifth Exhibition of Paintings by the East London Group. Also Decorations and Furniture for Music Room by Duncan Grant and Vanessa Bell. NATIONAL GALLERY, Trafalgar Square, W.C.2. Old Masters. 10–4 (daily). Sundays 2–4. Thursdays and Fridays, 6d.; other days free. NATIONAL PORTRAIT GALLERY, St. Martin’s Place, W.C.2. British Celebrities of the Past. Lectures at 3 p.m. Monday–Friday. 10–4 (Sundays 2–4). Thursdays and Fridays, 6d.; other days free. NEW BURLINGTON GALLERIES, Burlington Gardens, W.1. New English Art Club (closes 2nd). REDFERN GALLERY, 27 Old Bond Street, W.1. 13th Annual Exhibition of the Society of Wood-Engravers. ROWLEY GALLERY OF DECORATIVE ART, LTD., 140-2 Church Street, Kensington, W.8. No exhibition—Galleries being enlarged. ROYAL INSTITUTE GALLERIES, 195 Piccadilly, W.1. Royal Society of Portrait Painters (President: Sir John Lavery, R.A., R.S.A., etc.). (Closes 30th.) 10–5. Admission 1s. ROYAL PHOTOGRAPHIC SOCIETY, 35 Russell Square, W.C.1. Exhibition of Kinematography (closes 10th). 10–6 (Mondays and Thursdays 10–9). TATE GALLERY, Millbank, S.W.1. British and Foreign Modern Painting and Sculpture. Special Exhibitions: (1) George Chimary (1774-1862). (2) Professor W. R. Lethaby (1857-1931). 10–4 (Sundays 2–4). VICTORIA AND ALBERT MUSEUM, South Kensington, S.W.7. Permanent Exhibition. Room 71—Playbills and Prints (Covent Garden Theatre Centenary). Room 73—Baxter Prints. WALKER’S GALLERIES, 118 New Bond Street, W.1. (1) Stoneware Pottery, Hard Porcelains and Figures by Mr. and Mrs. Charles Vyse (closes 17th). (2) Flower Pictures in Coloured Paper by Claude Garnett (closes 17th). (3) Water-colour Drawings and Sketches by Early English Artists—“Under Five Guineas.” WALLACE COLLECTION, Manchester Square, W.1. Permanent Exhibition of Paintings, Sculpture, Furniture and Armour. 10–5 (Sundays 2–5). Tuesdays and Fridays, 6d.; other days free. All Galleries open 10–6, Sats. 10–1, and admission free, unless otherwise stated. Applications for entries on this page should be addressed to ART EXHIBITIONS BUREAU, 3-5 Burlington Gardens, W.1. AD. IV

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THE EAST LONDON GROUP FIFTH EXHIBITION DURING DECEMBER at The Lefevre Galleries 1a King Street, St. James’s, S.W.1 --- Drawings & Engravings A Christmas Exhibition DECEMBER 7th–31st EPSTEIN PRYDE S. SPENCER GUNN GINNER YEATS FLANAGAN LOCK ARDIZZONE BURY J. SIMPSON GAUNT CARTER HALL POTTER P. DRURY ROWLEY SMART J. LEGER & SON LONDON · BRUSSELS · NEW YORK 13 OLD BOND STREET, W.1 Telephone: REGENT 2679 --- PUBLIC SALE BY AUCTION Jules Strauss Collection INTERESTING MODERN PAINTINGS PASTELS, WATER & COLOURS DRAWINGS by P. Bonnard, E. Boudin, E. Carrière, C. Courbet, E. Degas, E. Delacroix, E. Derain, H. Fantin-Latour, P. Gauguin, J. B. Jongkind, M. Laurencin, S. Lépine, E. Manet, A. Marquet, Cl. Monet, A. Monticelli, B. Morisot, C. Pissarro, A. Renoir, K. X. Roussel, A. Sisley, E. Vuillard, J. MC-N Whistler SALE WILL BE HELD AT GALERIE GEORGES PETIT, PARIS 8 Rue de Seze On Thursday, 15th December, 1932 at 2.30 p.m. Auctioneers: Me Henri Baudoin 10 rue de la Grange Bateliere, Paris Me Alph. Bellier 30 place de la Madelein Paris. M. Jos. Hessel 26 rue La Boétie Experts: M. Etienne Bignou 8 rue La Boétie ON VIEW: Privately, Tuesday, 13th December, 1932, Publicly, Wednesday, 14th December, 1932, from 2 to 6 p.m. --- REDFERN GALLERY 27 OLD BOND STREET, W.1 NOVEMBER 24th to DECEMBER 31st 13th ANNUAL EXHIBITION OF THE SOCIETY OF WOOD-ENGRAVERS SHOWING NEW PRINTS BY ERIC GILL ROBERT GIBBINGS G. RAVERAT BLAIR HUGHES-STANTON GERTRUDE HERMES AGNES MILLER PARKER ETHELBERT WHITE ERIC RAVILIOUS PAUL NASH CLARE LEIGHTON JOHN NASH DAVID JONES ERIC DAGLISH JOHN FARLEIGH IAIN MACNAB MAY SMITH, Etc. ALWAYS ON VIEW COMPLETE COLLECTIONS OF PREVIOUS EXHIBITIONS ALSO LARGE SELECTION OF CONTEMPORARY PICTURES AD. V

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New HARRAP Books Phil May By JAMES THORPE. With 106 examples of May’s work (of which 46 have not previously been published) and 14 other illustrations. Demy 4to. 30/- net. The first biography of the great Victorian draughtsman and humorist. Mr. Thorpe tells of May’s hectic career and gives an iconography of his work.* Modes and Manners Vol. I. From the Decline of the Ancient World to the Renaissance. Vol. II. The Sixteenth Century. By MAX VON BOEHN. Translated by JOAN JOSHUA. Fully illustrated in colour and half-tone. 21/- net each. A survey of the religious, political, cultural and artistic forces in play at each period supplies a historical background to the main theme of fashions, in which the author presents a picture of changes in the dress of the better classes of society as depicted in the art of the day.* Porcelain As an Art and a Mirror of Fashion Translated and edited by W. A. THORPE (of the Victoria and Albert Museum) from the German of ROBERT SCHMIDT. With 217 illustrations in colour and half-tone. 25/- net. The Director of the Schlossmuseum, Berlin, here gives porcelain its context in the history of European art and society. On the aspect of the German factories the book is the most complete summary in English. Mr. Thorpe has added a short chapter on English porcelain and a valuable bibliography.* Dolls and Puppets By M. von BOEHN. Translated by JOSEPHINE NICOLL with a note on puppets by G. BERNARD SHAW. With nearly 500 illustrations in colour and half-tone. 30/- net. “ Easily the most interesting and comprehensive book on the subject which I have come across, and the immense research displayed by the text is as strongly reflected in the wealth of illustrations, cleverly selected and admirably reproduced.”—C. B. COCHRAN in Spectator.* Evolution in Modern Art By FRANK RUTTER. Illustrated. New Edition, revised and enlarged. 7/6 net. To this well-known book the author has added a chapter on the latest developments in art (particularly the rise of Rouault and Chirico) and some new illustrations. * Prospectuses from 39 Parker Street, London, W.C.2 AD. VI --- OPEN CLOSED L.B. L.B. --- MUSY EXTENDING FRAMES These famous extending frames are of delightful French workmanship, and robustly constructed on the newest principles. They are made in three designs and each in three sizes. Instantly and firmly adjustable to accommodate pictures of various proportions, they are indistinguishable from solid frames. No. --- Minimum --- Maximum --- PRICES Patterns --- SIZES --- LB --- LA --- 9½" x 13¼" --- 13¾" x 20" --- 51/- --- 30/6 --- 42/6 --- 13½" x 18½" --- 19¼" x 26¼" --- 67/6 --- 40/6 --- 56/6 --- 20" x 25¼" --- 29" x 36¼" --- 88/- --- 52/6 --- 74/- --- Write for illustrated folder to sole London suppliers LE SALON 1932 No student or artist can afford to be without this new Edition of Le Salon. As a guide to the trend of modern art and as a book of reference it is invaluable. It gives a complete list of Exhibitors and their works and contains more than 1,000 illustrations. Price 6/- (Post free 6/6) LECHERTIER BARBE Ltd. 95 JERMYN STREET, LONDON, S.W.1 Phone: Whitehall 2938 Artists’ Colourmen since 1827 --- A BRITISH MASTERPIECE For over 130 years Wolff’s British-made Pencils have enjoyed a worldwide reputation. Their commanding position has been won by the consistently high quality of the exquisitely smooth lead found in every grade of Wolff’s Pencils, from 6H to 6B. RETAIL EACH 4D WOLFF’S Royal Sovereign Pencils Works at NEASDEN, LONDON, N.W.10. REGD TRADE MARK

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ESTABLISHED 1766 THE PAINTER'S DAUGHTERS GAINSBOROUGH By kind permission of National Gallery When Gainsborough was enjoying the height of fame ... REEVES were noted for fine colours.... REEVES are still accepted leaders in their famous ART REEVES & SON, LTD., P13, CHEAPSIDE, E.C.2. 'Phone: National 7322 --- THE ART DIGEST IS AMERICA’S LEADING ART PUBLICATION Appearing semi-monthly, it presents a digest of all the latest art news and opinion of the world, and is indispensable to Art Lovers, Artists and Educators This news-magazine has no bias in favour of any “ism” or movement, and represents with fairness all sections of America. SUBSCRIPTION: United States One Year . . . $3.00 Single Copies . . $ 0.25 Canada One Year . . . $4.20 Other Countries „ . . . $ 3.40 Address: 116 East 59th Street, New York City --- Novel Christmas Cards Be different this year. Send a charming little book with your own personal message inscribed on the fly-leaf. THE WORLD’S MASTERS A series of monographs each containing 24 plates is ideal for this purpose. 1 GAINSBOROUGH --- 8 GOYA --- 2 RUBENS --- 9 PICASSO --- 3 DURER --- 10 MATISSE --- 4 VELAZQUEZ --- 11 GAUGUIN --- 5 EL GRECO --- 12 VAN GOGH --- 6 CEZANNE --- 13 MANET --- 7 DAUMIER --- 14 MONET --- $4\frac{1}{2} \times 5\frac{3}{4}$ ins. Is. net each THE STUDIO, 44 LEICESTER SQ. AD. VII

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The new Studio "How to do it" Series 1. Making an Etching By Levon West 2. Wood-Engraving and Woodcuts By Clare Leighton A new departure in art and craft manuals, in which the student sees the artist at work on each stage of the process, in a series of specially-taken photographs accompanied by running comment. In addition a number of works by well-known artists are illustrated with a technical commentary on each by the author. Crown 4to, special binding. Each 7s. 6d. net. “ . . . an individual who takes up one or other of these volumes should easily make himself conversant with all the necessary technicalities.”—The Scotsman. Other "Studio" Series Currier & Ives Prints --- Masters of Etching --- Master Draughtsmen --- 1. The Spirit of America2. The Red Indian3. Clipper Ships --- 29. Laura Knight, A.R.A.30. Frank Brangwyn, R.A.(Second Volume)31. C. W. R. Nevinson32. J. McNeill Whistler(Second Volume)33. Sir D. Y. Cameron,R.A. (Second Volume) --- 1. Michelangelo2. Leonardo da Vinci3. Rubens --- Each has eight large reproductions in colour after famous lithographs, depicting the early days in America. Royal 4to.Each 5s. net. --- Each 5s. net. --- Each book contains 12 large reproductions and an introduction and notes upon the individual drawings. Royal 4to, boards.Each 5s. net. --- THE STUDIO LIMITED, 44 LEICESTER SQUARE, W.C.2 AD. VIII

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Charming gifts from “The Studio” A design by Gordon Russell from “Decorative Art,” 1932 Decorative Art, 1932 230 illustrations, 6 colour plates. The year’s best work in domestic architecture and decoration. “... The Studio Year Book is as usual beautifully produced and full of interest.”—To-day and To-morrow. Children’s Toys of Yesterday 96 pages of monochrome reproductions and 12 large special colour plates, showing examples of toys and their accessories from collections all over the world. Gardens and Gardening, 1932 Nearly 170 illustrations. “... full of useful information contributed by writers who are masters of their subjects, and admirably produced illustrations of lovely gardens.”—Manchester Guardian. Modern Photography, 1932 Over 100 illustrations, many in double-tone, showing the year’s achievement. “... There are also many charming portrait and landscape studies, but almost nothing that is not taken at an unusual angle or in an unusual light.”—The Times. Fine Art, 1932 150 illustrations, 8 in colour and tone, of pictures in the public eye. “... an exhibition in the form of reproductions ... produced in the usual first-class manner one expects from The Studio Ltd.”—Publishers’ Circular. Touring the Ancient World with a Camera 132 photographs, 6 maps. “... a delightful souvenir of the Eastern Mediterranean ... to be cordially commended to all who contemplate a visit ...”—Near East. Artists’ Country 160 illustrations, 8 in colour, of beauty spots at home and abroad seen through the artist’s eye. “... this selection ... is by far the best of its kind we have ever seen.”—Manchester Guardian. Modern Publicity, 1932 Over 350 illustrations, including 24 colour pages. “The current issue of The Studio’s annual survey of advertising is wholly admirable ... really is worth its price.”—The Listener. Quarto, Each, in Cloth 10s. 6d., in Wrappers 7s. 6d. net. --- THE STUDIO LIMITED, 44 LEICESTER SQUARE, W.C.2 AD. IX