25 JANUARY 1930, Page 2

Our own sympathies are entirely with Lord Grey,who feels that

traditional Liberalism should not be at the disposal of an incalculable guerrilla leader who in his partisan excitement continually forgets the interests of the nation. We write this with reluctance, as no one who has studied the proceedings of the present Parliament can have failed to respect the very high abilities of the Liberal Party as a whole. This small band, highly gifted with brains and debating power, has performed prodigies of Parliamentary work, and by comparison has put the Unionist Opposition to shame. We cannot help. feeling that Mr. Lloyd George's perSonal fund and his em- barrassing volatility hang like a millstone round the neck of the party. In Parliament he is a dazzling figure, but outside Parliament his reputation is very different. .