5 AUGUST 1955, page 4

Inflation

T HE loss during July of a further 136 million dollars from the sterling area's central reserves fully confirms the forecasts of the pessimists. This is one of the worst monthly......

Such Is Life

'What I expected was Thunder, fighting, Long struggles . '. .' S O Mr. Stephen Spender began a poem of disenchantment in which he recorded the discovery that life, helpless......