Correspondents include: 1st Lord Northcliffe [earlier Alfred Harmsworth] on running a lottery in the Evening News to encourage sales of War Loan vouchers and the Government's waste of money in building airships (2); [Alexander] Filson Young apologizing for inaccuracies in his book "New Leaves", relating to McKenna and Vice-Admiral Sir David Beatty; Sir Alfred Mond [later 1st Lord Melchett] advising McKenna not to alienate supporters of Free Trade any further, but to withdraw his import duties; 1st Lord Cunliffe, Governor of the Bank of England; Sir Ernest Cassel; Herbert Asquith [Prime Minister, later 1st Lord Oxford and Asquith] on subjects including rumours of Russian credit being refused in the United States, and the decision by 1st Lord Reading [earlier Rufus Isaacs] to resign as an adviser to the Treasury (2); Lord Reading on his respect for McKenna and regret that their association must cease; Sir Edward Carson on the story of Russian credit being refused; Sir Hedley Le Bas, Lord Kitchener National Memorial Fund, on Lord Cunliffe's scheme for a War Savings Bank; Paolo Carcano, Italian Finance Minister, regretting the resignations of Asquith, McKenna, 1st Lord Grey and Walter Runciman; Henry Massingham [editor of the Nation], reporting Northcliffe's respect for McKenna and assuring him of his own support.

Also includes: copy of an article on improvements needed by the Royal Flying Corps; note of McKenna's salary; letter from McKenna to Lord Reading on his personal affection for him and regret at the political rift between them.