THE MONARCHY 45 is a Queen as Sovereign. At the sight of the word "King" it is wise to stop and consider what is meant. When newspapers report that the King has visited a factory and commented on the working conditions, it is presumably Jiis personal opinion; when they report the "King's Speech" at the beginning of a session of Parliament, the word refers to the Crown, and the policy expressed is the policy of Ministers. HONOURS. By no means all the King's activities are political. There are two spheres of work which are on the border of political and non-political. Not only Peerages, but Knighthoods, Orders of Merit, Companionships of Honour, and many other Honours are conferred by the King. New Year's Day and the King's Birthday are the usual occasions. Some of these Honours have no political meaning—for example, the dignity of Dame conferred on Ellen Terry. They are a recognition of eminence in any walk of life and mark a definite stage in the career of a lawyer or Civil Servant. All Honours Lists, however, contain a fair sprinkling of Knighthoods and lesser distinctions conferred on the Chairmen of the local organisations of the party in power, or on those of its supporters in Parliament who have not, perhaps, obtained distinction in other ways. In 1922 a scandal arose because many people had obtained Honours by contributing generously to the Party funds of the Coalition. No flagrant example has occurred since; but it can hardly be doubted that a generous gift will at least help the Party chiefs to remember one's name when the next list is being prepared for the King's approval. Political Honours have thus lost most of their lustre, and there are probably many people in political life who would decline them. At King George V's Jubilee in 1935 Honours were conferred on some members of the Labour Movement, although a Conservative Government was in power. There was some feeling in the Labour Party that they should have been refused, as inconsistent with the Party's belief in social equality. Any