12 NOVEMBER 1937, Page 20

[To the Editor of THE SPECTATOR.] Sta,—The writer of the

third article in this series is stated to be a director of a London business firm, aged 24. Would it be presumptuous to enquire whether in his capacity of director, i.e., leader, his policy is never to take the initiative under any conditions whatever, even by accident, or does he reserve this policy for his private life ?—I am, yours faith-