26 MARCH 1921, Page 3

The Soviet system in its original form had been found

to be an impossibility. Lenin himself had quite recently delivered speeches which would have caused him to be shouted down if he had delivered them at a Trades Union Congress. He had said that it was desirable to bring capital into Russia ; and he had asked how foreign capitalists could be attracted unless they were given suitable rewards. Lenin's speeches " might be described as an antidote to the speeches and propaganda of the Labour Party." The theories of Karl Marx had failed. " You cannot patch up locomotives with Karl Marx doctrines." Evi- dently Lenin had begun frankly to recognize that fact. Mr. Lloyd George said that he looked upon the trade agreement as a kind of Borstal system for converting the Russian criminals.