31 MARCH 1923, Page 2

It is hard to find fault with Mr. Asquith's attitude.

His optimism with regard to the future of Liberalism may be excessive, but he cannot lose sight of the fact that his views have not changed since 1915, whilst Mr. Lloyd George has made an almost world-wide tour. Perhaps his policy is to wait and see whether Mr. Lloyd George will not soon complete his journey, and once more arrive at the point from which he started. Mean- while, unfortunately, the Liberal Party must remain in abeyance. Whether or not in the end Mr. Asquith's almost papal immobility will achieve the object he desires remains to be seen. That a compromise which, involved the sacrifice of any Asquithian principle would mean the creation of the much-eschewed "Centre Party" seems _very probable. But even a Centre Party might check the extremists in either, direction.