18 JANUARY 1930, Page 1

Of course, Mr. Lloyd George will reply, and he may

be relied upon to throw words about freely. But if, as he seems inclined to do, he pretends that Lord Grey's present criticisms are comparable with the criticisms of Sir Henry Campbell-Bannerman, he will confuse a very simple issue. Lord Grey differed from Sir Henry Campbell-Bannerman politically ; he differs from Mr. Lloyd George morally. Nor will the public be impressed by the assurance of many Liberals that Mr. Lloyd George dominates the House of Commons. No doubt he does, but his reputation is Parliamentary, not national. We regret the split, as we said, because valuable service might be done by the Liberal Party, particularly in these -clays when we Are all studying the methods otliving under a Minority Govetnitent. Retrenchment is one of the great traditions of the Liberal Party. No Party can urge it with more right, and not -within recent years has there been so urgent a need as there is now, to consider whether the yearly increase of expenditure is really lying profitably spent.