This paper contains a description of the theory, construction, and testing of a siren with an acoustic output of fifty horsepower, at an efficiency of seventy percent. The siren is of the traditional type in which the air stream from a compressor passes through an orifice which is opened and closed at an audiofrequency. Part I contains a development of the theory on which the design was based. The theory is developed with the aid of an equivalent circuit diagram (Fig. 1) in which the various acoustic impedances are represented as lumped circuit elements. The theory is for the most part based on the customary linear equations for sound propagation, but the non-linear nature of the impedance of the port is taken into account. Mere inspection of the equivalent circuit diagram is sufficient for the understanding of the considerations which are important for the obtaining of a high efficiency. According to this theory the best efficiency can be realized in a siren when the orifice is provided with a suitable acoustic horn, when the excess pressure of the air supplied by the compressor is small compared with the absolute pressure of the atmosphere, and when the operations of opening and closing the port occupy a small fraction of the period of one cycle. Expressions are obtained for the theoretical efficiencies of several types of sirens, and are found to be near one hundred percent for a good design. Part II contains a description of the siren which was constructed to operate with a compressor that supplied 2500 cubic feet of air per minute at a pressure of five pounds per square inch. The siren contains six ports with a total area of 22 square inches, which are opened and closed by a rotary chopper at a frequency of about 500 cycles per second. Each of the ports is provided with an exponential horn whose cut-off frequency is 125 cycles per second. The theoretical efficiency of this siren is computed to be between 70 and 90 percent. Part III is devoted to a description of the testing of the siren and a discussion of the results obtained. The tests indicated that at full output the siren produces an average level of 138 db at a distance of 100 feet. The measured level at the mouth of the horns is 174 db, and the calculated level in the throat of the horns is 184 db above 10−16 watt per square centimeter. The level in the throat of the horns corresponds to a sound intensity of 260 watts per square centimeter. The most reliable method of determining the efficiency, based on thermodynamic principles, indicates that the efficiency of the utilization of the available energy in the air from the compressor is about 72 percent.