26 NOVEMBER 1927, Page 2

Last' Saturday, 'M. froincare defended his financial policy and was,

of course, able to point to most gratifying results. His enemies talk slightingly about his " experi- ment " ; but the world would be fortunateif the results of all political experiments corresponded so accurately to the prediction as M. Poineare's experiment has done. He took up the phrase " experiment " and boldly accepted it. " Of course," he said in effect, " my financial policy is an experiment. If people who ought to support me will not do so my experiment will naturally fail." He did not make this complaint without reason. The Government of National Union -cannot continue if those who even now support it half-heartedly fall completely away. On the whole, however, we cannot believe that M. Poincare is in much danger. The facts speak for themselves.

* * * *