4 NOVEMBER 1922, Page 2

We are not in the least surprised at the result.

It was inevitable. If in the London Boroughs and elsewhere where Labour had a clear majority it had regarded itself as in a position of trust and had made it its duty, though acting on its own principles, to administer well and wisely and not to waste the resources of the ratepayers, it would not have experienced this tremendous slap in the face. Unless we are greatly mistaken, Labour will reap the same harvest from the same seeds at the General Election. Its policy of ruining the country by a capital levy seems to assure failure in advance. From many points of view we shall be sorry. Nothing would be more useful in Parliament than a sane and efficient Labour Party which would really represent the views tnd press the true interests of the working man. By this we do not in the least mean that we want a Labour Party that would agree with our views. We do not want it to modify its principles even when we are most opposed to them, but we do ask that those principles should be put forward in a way which will win respect.