5 APRIL 1913, Page 13

[To THE EDITOR OF THE "SPECTATOR."] SIR, — Sir Rufus Isaacs pleads

that he lost by his purchase of Marconi shares, and in so pleading in effect condemns Mr. Lloyd George, who admits having made a profit. The latter pleads that he has not accumulated undue wealth by his speculations or investments while in office. How in the world can such pleas affect the question as to whether their transactions in Marconi shares were or were not indiscreet

in the circumstances P—I am, Sir, &c., G.

[Mr. Lloyd George only admits that he made a profit on a part of his investment. He calculates, we understand, that lie has made a loss on the other part, and that on the balance he, at present prices, has made a total loss.—ED. Spectator.]