" Tim FLAW IN THE ECONOMIC SYSTEM."
I regret that space prevents my dealing in the current issue of the Spectator with this book by Mr. J. Taylor Peddle, which has recently been published by John Murray, of Albemarle Street. In this volume Mr. Peddle deals at considerable length with what he regards as the case to be made out against the Gold Standard, and the very fact that I am not in accord with his conclusions, makes me the more desirous to dO full justice in any review of what is a very interesting book.
ROLLS-ROYCE.
The Chairman of Rolls-Royce, Limited, Lord Wargrave, had a very satisfactory Report to lay before the shareholders at the meeting held last week. In addition 'Co the dividend of 8 per cent., the Directors were able to add a bonus of 2 per cent., while £50,000 was placed to the Reserve, and £30,000 carried forward. In the course of his address to the share- holders,j,ord Wargrave was able to report the great_success of the fresh designs of aero engines. A number of these engines, Lord Wargrave stated;-had been -delivered to_the Royal Air Force for use in experimental machines, and the results had been " of a most encouraging nature."
A. W. K.
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