7 DECEMBER 1929, Page 1

News of the Week

The London Traffic Scheme THE scheme of the Government for the reorganization of the passenger traffic of London is the first official admission-that the Socialist creed is changing organically. One of the most ancient articles of faith is dropped. Nationalization (so far as we can judge, though the scheme is still in_ the making) becomes Rationalization. A tend- ency in this direction has long been observable, and we have called the attention of our readers to it on occasions too numerous to mention ; but the formal sanctioning of it is extremely important. Mr. Herbert Morrison, the Minister of Transport, sketched the principles which are to be applied to the reorganization in answer to an obviously pre-arranged question in the House of Commons on Monday.

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