UNEMPLOYMENT AND REPARATIONS.
(To THE EDITOR OP THE "SPECTATOR.")
Sin,—Why waste time chasing after elusive reparations if we can renounce them in exchange for something definite, tangible and profitable? My proposal is that we renounce our share of reparations in exchange for Germany withdrawing her tariff upon British goods. We should then have thrown open to our manufacturers a free market of over 60 million people, whose purchases would so increase the demand for our goods that a great part, if not all, of our unemployed would soon obtain work and wages, if our share of reparations were inadequate to secure such a concession, we could increase our counter- concession to Germany by releasing France from a portion of her indebtedness to us in consideration of her releasing Germany from a corresponding portion of reparations due to her.—I am, Sir, &c.,
fThe same proposal, an excellent one in our view, is made by Sir Charles Hobhouse in the Contemporary Review for ,A.ugust—En. Spectator.]
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