30 JANUARY 1926, Page 2

Any further advance along the road of collective social service,

Mr. Baldwin went on to say, must depend upon our economic position. Unless great economies were effected—" I cannot state this too definitely "—an increase of taxation would be inevitable. Substantial economies must mean sacrifices not merely of luxuries but of things which we had almost come to regard as necessaries. Local authorities could do much by recog- nizing that municipal economy was as important as Imperial economy. The Unionist Party rested on a demo- cratic foundation, and it therefore deserved to be "financed by the democracy."

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