1 JULY 1922, Page 11

the Labour politicians who lost his seat in 1918. In

his address he denounced the Peace Treaties and the Allied Governments, especially Japan. He had much to say about the "idle rich" and the evil of luxury, which is not by any means confined to one class. The Labour Party would,. he declared, " transfer spending power to the workers " by a capital levy, a still higher income-tax and " the abolition of economic rent," while abolishing all taxes on food—and, we presume, on drink. Mr. Jowett, of course, represents the extreme Socialist section, of his party, which has learnt nothing from the fate of Russia.