1 NOVEMBER 1924, Page 1

Liberals explain their failure by saying that the issue of

Free Trade and Protection was not sufficiently emphasized in speeches, or, at all events, was not sufficiently considered by the electors. We fancy, however, that the old conflict between Free Trade and Protection, as abstract doctrines, can never return. Though we regret it, we have to recognize that circumstances have driven a wedge into Free Trade. In all its completeness it cannot unfortunately exist under present conditions, and still less under the promised conditions, and we should not be surprised if the Labour Party became the real Protectionists of the future. In brief, the manual workers cannot he moved as they used to be moved by the mere assertion of the Free Trade doctrine.