15 AUGUST 1925, Page 16

A PHILOSOPHER ON CURRENCY AND CREDIT

[To the Editor of the SPECTATOR.] SIR,—Very interesting and suggestive are your quotations from Bishop Berkeley's Querist. But he lived in the time of Queen Anne. Had he been living now, it suggests itself to me that he might have added to his money queries, as thus : Whether a currency, being a compulsory one, can be satis- factory if it is capable of being withdrawn from circulation and converted into capital : Whether a Government can have any useful function in connexion with money, other than that concerned with the assessment and collection of taxes.—I am, Sir, &c., E. BILTON.

Rudyard, Leek.