The Round Table for December suggests that, as the Peace
Conference " at its first session cannot hope to produce a written constitution for the globe or a genuine government of mankind," it should " estatilish a permanent annual conference between foreign ministers themselves, with a permanent secretariat, in which, as at the Peace Conference itself, all questions at issue between States can be discussed and if possible settled by agreement." The Peace Conference would thus merge into a League of Nations much as the Imperial Conference is merging into a new central Board of Control for the Empire. The proposed League is discussed at length. In a reasoned survey of " The Financial and Economic Future " it is pointed out that British industry needs capital, but that it will not divert the British investor from foreign and Colonial enterprises unless it offers security. The same emphasis is laid on security as the wage-earner's chief desire. " Until the wage-earner has been given a position of economic security' which nothing but his own fault can destroy, the wages system as a system has not been tried." Mr. Asquith's advocacy of " the national minimum " is based on this idea, which obviously rules out Bolshevism.
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