The auctioneer is Gladstone, and his clerk sitting below him is Sir William Harcourt. Men representing Gibraltar, Canada and Egypt wait to be sold. The bidders include a Frenchman (?) on the left, an American on the right, and the Russian buyer of India in the middle. One print in a series on the proposed Newcastle Programme, a “radical programme” put forward by the National Liberal Federation in Great Britain, led by Joseph Chamberlain, involving Home Rule for Ireland, reform of the House of Lords, and other measures. The series envisages disastrous results in the event of the programme being implemented.