19 MARCH 1954, Page 23

honour with the remark: Regardez: Jo n'ai pas de rouge

a ma boutonniere.

Like many other writers whom France has been late to acknowledge, Gide believed, despite conventions, in the individual, the honest recognition and development of one- self. That belief may explain his attitude to sex, to politics and literature. He examined his motives as remorselessly as Baudelaire; and he expressed them equally frankly, as a lesson in morality. Indeed, as Dr. Starkie concludes, Gide is less a novelist than a moralist and an investigator, and he stands in the tradition of La Rochefoucauld and Pascal.

FINANCE AND INVESTMENT

By NICHOLA ALTHOUGH there is a world surfeit of oil, although the international oil consortium is busy discussing in London how it is going to make room for the return of Persian oil, Royal Dutch Petroleum have been a rising Market and at 402 stand 61 higher than they did two months ago. Their junior partner Shell have risen 10s. 6d. to 104s. 3d. in the s`llne period. The cause of this remarkable rise was the anticipation in the market that _Royal Dutch would apply for listing on the

S DAVENPORT 31 millions the Dow Jones index of industrial common stocks has recovered all its 1953 losses and risen to the highest level for all time. The steady combined buying of the small investor and of the trustees for company pension funds *(investing for their employees) has cancelled out the short selling of the professional speculators. It is true to say that Wall Street today is the conservative, steady market in securities: London is the speculative one. In the short space of twenty years the roles have ..been reversed.

What London Does not Do