10 JANUARY 1925, Page 3

We intend to publish next week the first of two

articles by Lord Hugh Cecil on currency and debt. Lord Hugh Cecil is strongly in favour of an ingenious plan for over- coming the notorious disadvantage of repaying debts in money which stands at a much higher value than when the debts were contracted. To repay in gold what has been borrowed in paper is certainly a most undesirable transaction if it can be avoided. Our readers will find Lord Hugh Cecil's articles, which abound in engaging illustrations, not only productive of thought but very entertaining. * * * *