receiving payment of a foreign debt. Such transactions are always difficult and always unpleasant. Money brings honour, friends, conquest and realms "— but it may also lose...

settlement for the Italian debt .to America---4 roughly £419,000,000—by which Italy will pay £6,000,000 a year:: If Great Britain acted on the American tenni Italy would pay us...

her on behalf of our Allies, and since then we have rediiCeil our demands to a formula, which is to obtain as much frinh our Allies and from Germany as we owe to America_ on our...

£9,000,000 a year from Italy our debtor will have escaped lightly. These are hard and (let us repeat the word) unpleasant facts. We are certain that the settlement will,...

London, W.G.2.A Subscription to 'the " Spectator"' costs Thirty Shillings per annum, including postage, to any part of the world. The Postage on. this issue is : Inland, ld.,...

by a large majority not'to join the " Grand Coalition." In other words the attempt of the Centre and the Democrats to build up this Coalition has failed.. The- President is...

boldly saved his Finance Minister from dismissal, is bound to stand by him. How can he do that without shattering -his Government ? He can, of course, appeal to the Chamber over...

continue to excite- Europe, especially. Hungary's suspicious neighbours of the- Little . Entente. We have seen no estimate of the value of the notes successfully uttered ; it is...

to explain it- all ? Gossip suggests that if Feng is trying to come to an understanding with the Russian Soviet, Chang may have come to a similar understanding with Japan. It is...

Friday, January 8th. The speech. from the Throne indicated a great deal of new legislation; and reduetions of taxation. Mr. Lemieux was elected' Spefiker. A vote of confidence...

turn and one can only repeat that - it is - impossible to predict events in - a country where 'strange things happen - so quickly and so - irrelevantly. Three - weeks ago it...

all the recent party negotiationS is that the future is as doubtful as ever. The National Socialist Congress by a small majority decided not to co-operate with M. Briand's...

carefully whether he should not immediately express his opinion. His decision would be a test for all loyal members of the Church. Unquestionably there will have to be give and...

for their own organizations, and also, as we think, very good sense. It is vain for Labour to complain that any organizations started by the com- munity to protect itself...

is not going well. The Boilermakers' Society has as good as 'told its members to vote against joining the Alliance ; -the National Union of Railwaymen has refused to join ; on...

from the Commission, and yet have decided that they had better put forward an extreme case in .view of the certainty that the miners will also present an extreme case....

the average, been lost every year on British railways. This figure does not, of course, include accidents to railway servants. We are often told that a coal-mine is safer than a...

has been a great success. Some traffic has a long way round assigned to it, but there are practically no blocks. The clearance at this end of Whitehall, however, empha- sizes...

the mineowners presented their proposals, which were iii accordance with expectation—an eight- hour day ; district rates for wages ; a reduction in railway rates at the expense...

his clergy is causing anxiety among all those who hoped and believed that there would be internal peace in the Church of England until the revision of the Prayer Book was...

again before the General Medical Council, and that the Royal College of Physicians of Edinburgh is considering the return of his diploma. We hope that we may read into these...

on December 3rd, 1925. War Loan (5 per cent.) was on Wednesday 100f ; on Wednesday week 1001; a year ago 1011. Funding Loan (4 per cent.) was on Wednesday 881; on Wednesday week...

OUR SCHOLAR PRIME MINISTER M R. BALDWIN'S slow, steady, insatiable con- quest of the hearts of the British People is one of the most notable things in recent political history....

G REAT discussions have been going on about the future relations of Liberalism and Labour. We who have followed them in the newspapers have felt rather as though we were looking...

W E have received the letter which we quote below from a well-known and very able American. Is it possible that we are really hypnotizing ourselves with the familiar phrase "...

BY CANON PETER GREEN. [Canon Green does not, as our readers will remember, agree with our policy for the taxation 'or betting. But those NON) want to tax betting and those who...

[Mr. Bossom, who is an Englishman, is one of the best-known architects in America, and is famous for his generous interest in public affairs.] L ABOUR, capital, middleman—not...

C OLONEL JOURDAIN is an Englishman who spends his existence in trying to preserve the memory of an Irish regiment. His was not the only English name familiar in its mess ;...

devices of fiction is for the author to profess that he is giving literal historical truth and thus conquer the imagination of his readers. If he carries the process a step...

A VERY entertaining autobiography, almost a hundred years old, has been appearing, week by week, in the Field. The writer was " Squire Osbaldeston," a famous sportsman of the...

W E regret to record the death - of Edmund Candler in his 52nd year at his residence in the Basses Pyrenees. When the writer first met Candler in Kashmir he was said to be dying...

Postal Subscribers changing their address, or who while travelling desire their copies of the paper to be sent to a temporary address, are asked to notify the Spear/ems. Office...

WE owe Mr. Norman Macdermott, and the company Of the Liverpool Repertory Theatre, a great deal for an excellent performance of Miss Susan Glaspell's Inheritors, at the Everyman...

Tux fifteen pictures acquired by the Trustees of the Cour- tauld Fund for the purchase of examples of modern foreign Art are being exhibited in Gallery X of the Tate Gallery-at...

SARGENT MEMORIAL EXHIBITION Tars exhibition is one of the events of the year in Art, containing as it does works .which represent every phase of the artist's versatile ability,...

IT was impossible not to feel ashamed of our age when we saw the Oedipus Tyrannus, the very type of great tragedy, so out of water amongst us. - Spirit was certainly worsted by...

THE NEW LAND LAWS [To the Editor of the SPECTATOR.] SIR,—Lay newspapers almost invariably bark up the wrong tree when discussing legal matters. It seems, therefore, ungracious...

A LETTER FROM PARIS [To the Editor of the SPECTATOR.] SIR, —The political truce, obtained by M. Briand's firmness, is only temporary ; but if he uses his authority he will...

Sia,—Now that the Italian debt to England is being again discussed I think it not useless to show that a part of the difficulties originates from the fact that Allied public...

the SPECTATOR.] have been asked to elaborate my suggestion con- tained in my letter to the Spectator of September 19th—the Ruralization of Women. I have therefore dispelled my...

Sin,-=When a parent has sent his children to school or when a friend pays the school fees of junior relations—a nightmare often presents itself : " What will become of their...

two definite questions to me, you will perhaps in your kindness allow me to answer them. To answer is not difficult. Duelling is always sinful, because it involves the taking of...

[To the Editor of the SPECTATOR.] Sra,=Many of your readers will have seen in the daily papers recently the report of an inquest upon a young man who was alleged to bitve...

Sur,—Canon Peter Green in his last letter modestly refrains from mentioning the constructive proposal which he put before the Betting Committee in 1923. He then calmly proposed...

. , SIR,—Several of your correspondents have compared the vices of gambling and drinking in their. letters on the subject of taxing . betting. Mr. Gladstone, in comparing the...

[To the Editor of the. SPECTATOR.] SIR, —In reply to your correspondent, Mr. Charles H. Craik, and his complaint of my omission to give the name of the town to which I referred...

[To the Editor of the SPECTATOR.] SIR,—Your readers may be interested to hear of the estab- lishment at Lynford Hall in Norfolk of the " Australian Farms Training College," a...

Sm,—In criticizing what I wrote in your issue of January 2nd on sterilization, Mr. Parry, if he will permit me to say so, has made the double mistake, first of suggesting that I...

Mr. Harold Cox in the. Spectator of December 12th induces its readers to purchase and study the Eleventh Annual Report of the Board of Control it may do much good. If, on the...

[To the Editor of the SPECTATOR.] SIR,—A great deal has been said of late about the mischief of a smoke-laden atmosphere, which is considered especially bad for young people,...

SIR, —In his very interesting article on " What is Wrong With England ?" Mr. Stephen Gwynn devotes a column to the Revival of Agriculture and the Return of the Peasant...

WALNA PASS WHEN Coniston Old Man was younger And his deep-quarried sides were stronger, Goats may have leapt about Goat's Water ; But why that tarn that looks like her young...

[To the Editor of the SPECTATOR.] SIR, —May I ask you to inform your readers that a biography is being prepared of the Rev. Charles Augustus Briggs, DD., D.Litt., and that the...

[To the Editor of the Sencreiroa.] Slit,—It would be of interest to know whether the traffic problems at the junction of Waterloo Bridge-head and the Strand involved in the...

[To the Editor of the SPECTATOR.] Sin,—I wonder if some reader of your excellent - weekly would care to post me his copy when he has read it and has no further use for it ?...

[To the Editor of the SPECTATOR.] Sut,—As a recent visitor to New Zealand—I was there in the early, months of last year—I think it is only fair that I shoUld support the...

[To the Editor of the SPECTATOR.] SIR,—I am anxious to obtain all the information I can in regard to the Rev. Richard Harris Barham and his Ingoldsby Legends. I should be...

Ecopymont -IN Tim UNITED STATES OF AMERICA BY THE Nee) York Times.] - - THE republication of Disraeli's Ixion in. Heapen, illustrated by Mr. Austen; is an excellent sAventure....

The Editor offers two prize.s of f-5 each 1. For anew Tale for Children in not more than six hundred words of prose or sixty lines of verse : 2. For a new " Biography for...

of modern • mathematical- philosophy: - He undertakes a huge task in Three Men . Discuss IlelatitritY . (Collins). Time and time again we have. had works upon the Einstein...

ONLY a hardy traveller could make use of all Major -Hugh Pollard's recipes in The Sportsman's Cookery Book (Country Life). Elk, bear and moose are not' easy to come by in...

(Berm). Mr. II. A. L. Fidler calls it " the: matured fruit of his long devotion to Indian inquiries.": It is good to have so serious and responsible a book upon questions that...

Poems. By Vernon Knowles. (Gardner, Barton. 5s. net.) " I HAVE a pig and want a cow ; you have a cow and want a pig; let's exchange." To express some such simple story, as...

referring to her in our last week's issue as " the late Commandant." Happily she is still alive and still acts as Commandant of the Women's Auxiliary Service.

illtistrations of early Victorian life in LondOn; and his book, The Days - of Dickens (Routledge), is full of unusual pieces of social . history. The cruel conditions of certain...

Six Years ha the Malay Jungle. By 'Carveth Wells. (Heine , . mann: los. 6d.) From Red Sea to Blue Nile. By Rosita Forbes. (Cassell. .. 25s.) , . Through British Canieroons. By...

" THE tragedy of the Union was that it inaugurated an era of illusion ; the blessing of the Treaty is that it inaugurates a period of disillusion." This is the conclusion...

As with many young ladies in fiction, it was love that made Miss Cleone Knox a diarist. Her first entry records a vastly unpleasant interview with my Father." " Last night, Mr....

Idealism and Foreign Policy. A Study of the Relations of Great Britain with Germany and France, 1860-1878. By A. A. W. Ramsay. (John Murray. 21s. net.) WHAT were we &sing while...

The Fight for Everest, 1924. (Arnold. 25s. net.) Tins volume is a worthy successor to the two previous works in _which the story of the Reconnaissance in 1921 and the Assault in...

the half-year ending December,1925, will be issued on January 23rd. A copy will be sent post free to readers enclosing ls, in stamps, upon apPlication to The Publishers, 13 York...

6d. net.) Ma. JACOT'S rhymes will please children and be remembered by them ; his pictures will be understood and enjoyed by grown-ups. There is at times a whimsical...

4s. net.) MANY who knew the late Canon Randolph at Oxford or Ely, at Cannes or in Kent, will be glad to see this brief memoir, which is written with affection and good taste.

net.) • MR. BOHUN LYNCH'S new book is full of beautifully reproduced prints and is most engagingly written. Each illustration of some old champion of the ring or some...

PROFESSOR WILLIAM BEEBE in the January number of The World To-Day writes a fascinating description of what he saw when he was diving at the bottom of the Pacific. Sunshine under...

Unwin. 6s. net.) PROPORTIONAL REPRESENTATION. By G. Horwill. (London : G. Allen and Unwin. 6s. net.) OUR opinion of Proportional Representation has wavered since it has been put...

Tim comprehensive works written by such scholars as Spencer and Gillen and by their less talented forerunners are now for the first• time critically exhausted in this...

net.) Tais well-produced volume was prepared by members of the Anglo-Danish Society for Queen Alexandra's birthday ; now it must serve as " a memorial of a long life spent in...

THE SPANISH TRAGEDY WITH ADDITIONS (1603); (Oxford University Press for the Malone Society. 2s. 6d.) THE Malone Society, which exists for the printing of exact texts of the...

The Holy Bible. Vol. I. Samuel to Psalms. (Nonesuch Press. £1 10s.) Dramatis Personae. By Arthur Symons. (Faber and Gwyer 8s. 6d.) India. By Sir Valentine Chiral. (Senn. 15s.)...

uncanny situations. They are not ghost stories, but often they are much more frightening. The intangible atmosphere of dank woods, old houses and the downs can sometimes affect...

Treading the Winepress. By Ralph Connor. (Hodder and Stoughton. 7s. 6d. net.)—To a retired naval, officer and his son settled in Nova Scotia there come accidental visitors in a...

VARIOUS. HEROES The Professor's House: . Cather. - •(Heinerriann. 7s. 6d. net.) - - (Elkin,Mathews, - 7s. -6d.,ne . t..)' - i Fon all its formlessness theie i s a fastidious...

But while this is true, and while it is impossible .yet to dogmatize with regard to the position to be disclosed by Mr. Winston Churchill at the 31st of March next, it would be...

ed. net.)—Mrs. Belloc Lowndes seems to have hesitated between making her story a melodrama or a tragi-comedy of manners, with the result that neither has quite come off. The...

NATIONAL ECONOMY AND FOREIGN • TRADE BY ARTHUR W. KIDDY. LARGELY by. reason of , the incidence of taxation, the National Accounts at the end of the 81st December usually show...

And; if evidence Were required of the necessity -for an improVeinent in the industrial position of the ,country . as a whole, it is undoubtedly furnished by the Board of Trade...

MONETARY AND OTHER FACTORS BOTH the Money Market and the Stock Exchange may be said to have been dominated during the past week by two factors which are closely linked, namely,...

It must not be forgotten, however, that before the next Budget is produced something should have been heard both as regards economy recommendations by the Committee which is now...

Already it is being freely reported that the cost of the coal subsidy will be met by an addition to the National_ Debt in one form or another, and probably in the shape .. of...

for the past half year have been satisfactory in character, it has .been _reserved to the National Provincial Bank to make an actual increase _in its dividends. - Moreover ,-...

This view may be said to have gained greater acceptance, but at the same time there has been sufficient uncertainty with regard to the situation—it might be said, almost,...

At all . events, unless there should be some quite unexpected falling off in -Revenue during the next 2 . 4- .months, there is no reason to suppose that the Deficit (if any)...

banking house of Glyn, Mills & Co. is notable for the high proportion of cash in hand ; in other words, for its liquidity. The ratio of actual cash in hand to liabilities is...

The latest annual report of this company is a satisfactory one, showing a small increase in the net profits, while, after adding £75,000 to the reserve as compared with £70,000...

retiring from active manage- ment, Mr. W. W. Paine has been invited by Lloyds Bank to a seat on the Board. Although. Mr. Paine's official connexion With the management of Lloyds...