29 OCTOBER 1932, Page 39

A CHANGED FRONT. .:This cartoon appeared at the moment when

fears of the Piogramme of the Labour Party and the remembrance of the financial crisis during its period of office and its result on taxation ''and' the Old statidard had so vividly impressed the public as to result in the virtual annihi- lation of that party at the General Election and the establishment of a National Government pledged to economy and efforts to restore the trade balance. Now, however, I note that the same journal is conducting an active campaign against the banks upon lines which although not, I believe, designed to bring about State control, must be greatly appreciated by those who are striving unceasingly to persuade the public that their interests would be better served if the banks— therefore the savings of the people—were under State control.