The New Year Honours list includes peerages for Sir Rufus Isaacs (Lord Reading) and Mr. James Bryce (Viscount Bryce), and knighthoods for Mr. Owen Seaman, editor of Punch, and scientist Ernest Rutherford,,. Sir Frederick Lugard completes the amalgamation of Northern and Southern Nigeria into a united protectorate. The Chancellor of the Exchequer, Mr. Lloyd George, gives an interview advocating for a reduction in armament expenditure.