18 JANUARY 1930, page 19

[to The Editor Of The Spectator.] Sin,—the Kernel Of The

very interesting conversation with Lord D'Abernon, which " Prudens Futuri " reports so ex- cellently in your issues of the 7th and 14th December, lies in the sentence, " The bad......

The Cost Of The " Dole "

[To the Editor of the SPECTATOR.] SIR,—Our political economists frequently state that our country is living on capital, and that no real reduction in our national liabilities......