29 MARCH 1930, Page 2

In connexion with excessive expenditure by the State and the

high taxation which it entails we read with satisfaction a letter in the Times advocating the creation of some body like the French Budget Committee. We are inclined to think, however, that the multiplication of new bodies would be a mistake and that the new Economic Council ought to be the means of withdrawing a considerable part of the national finance from the terrible effects of electoral auctioneering.