SIR,—Mr. Nicholas Davenport, in last week's issue, is scornful of
the attitude of the City in connection with overseas aid. May readers, in turn, express'scorn for Mr. Davenport's standards of intellectual integrity?
Mr, Davenport must be perfectly well aware that the simplest, the quickest and the most effective method of aiding the undeveloped countries would be to double the world official price of gold and thus promote a corresponding increase in the prices of o rld raw commodities. Yet Mr. Davenport does not declare himself accordingly. He rails and froths and fulminates against the Government's finanCial policy, but at the same time essays to leave your readers in a state of suspended doubt as to the adjustment of policy which is so plainly required.
M. 0. K. PIERSON
7'he 11111 House,,,Bodenham, Herefordshire
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