18 JANUARY 1930, Page 2

These may be vain regrets. In the circumstances we cannot

see that Lord Grey could have spoken otherwise than he did. He pointed out that at the General Election although the Liberal Council dissociated itself definitely from Mr. Lloyd George's pledge to relieve unemployment to a particular extent in a particular period, things were said which led the public to understand that the Liberal Council no longer felt its former " want of confidence " in Mr. Lloyd George's leadership, and that it had abandoned its objections to the Party being dependent on the Lloyd George fund. " Our feeling on these two points," said Lord Grey, " remains just as decided as it was when the Liberal Council was formed. Any Party to stand well before the country ought to be in a position to say it is not dependent upon a personal fund." Lord Grey then went on to say that so long as Mr. Lloyd George remained leader of the Party the Liberal Council would fight, not under that leadership, but under its own organization and with its own fund.

• * .*