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It appears to us that the risk is one which

can only be dealt with by the Government, and that they ought to deal with it at once and give cover "from to-day" to the business men who are placed in so cruel a predicament. If the loss of big warehouses in London, however great per se, were spread over the whole community, the pecuniary injury would be unimportant. If, however, it falls upon an indi- vidual, or a 'group of individuals, it will be cruelly heavy. What, then, is wanted is a scheme by which the risk can be pooled, and the whole business community, as it were, mutually insure one another. But that can only be done by Govern- ment action, and through the instrument of taxation.

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