23 JUNE 1939, page 5

The Challenge_ Of Japan

T HE main difficulty that faces the Government in its handling of the Tientsin affair is that no one yet knows what we are confronting. The " incident " which served as excuse......

Money And War

A P.D.—Armaments Profit Duty—the Government's • new tax on armament profits, has been received with a mild approval hardly to be distinguished from indifference. In some form or......