17 NOVEMBER 1923, Page 1

Only a few months ago every calm observer would have

said that the shattering experiences of Mr. Joseph Chamberlain and the repeated admissions of Mr. Bonar Law that nowadays Tariff Reform was out of the question • would have kept any Unionist statesman off Protection. However, we must now make the best of the circum- stances. For Unionist Free Traders like ourselves there - is a choice of evils and, as we have explained elsewhere,.

far the -lesser evil in our judgment is to support Mr. Baldwin. Free Traders, however, should support Protectionist candidates with the explicit reservation that a Referendum clause ought to be added to any Protectionist legislation. Much the most important duty which now falls to Unionist Free Traders:is to work for the Referendum. They will never be safe without it.