13 MAY 1922, Page 23

World Trade and World Recovery. By Mercator. (Eveleigh Nash and

Grayson. 4s. 6d. net.)—The author, who has visited Eastern Europe, says that he is " a business man who wants to know why trade stands still and how we shall pay for to- morrow's food 2" He concludes that we should exact reparation from Germany in the form of agricultural machinery and locomotives and waggons, which should be given to Russia, so that she may in time send us corn and buy our manufactures. Further, he would have us wipe out all our War loans to France. " Our interests are the same. They must always be the same. They will ever appear to be the same if we can only make up our minds to expunge from our records of the War the only record that was kept of what we threw into tho common stock to save Europe." It is an honest, dispassionate and thoughtful little book.