GERMANY'S INDUSTRIAL REVIVAL. By Sir P. Dawson,. M.P. (Williams and
Norgate. 10s. Bd. net.) Sin PHILIP DAwsoN has collected in Germany a great deal of useful information which he here hands on to us. Ire
describes the economic conditions since the War, before, during and after the period of inflation, with particulars ot the administration as it affects fiscal affairs at home and in
foreign trade. He adds chapters on the very important regulation of transport by rail and by water, and upon social and industrial legislation, such as worknien's insurance. Ile saw signs of under-production everywhere, due to weariness and economic causes.- In agriculture he gives less weight than we believe is due to the long lack during and after the blockade of the fertilizers on which the sandy soil of the Prussian plains relies. He noticed the cruel results of inflation in wiping out those who depended on fixed incomes of the old marks, and did not apparently think that the country
could in the long run benefit by this policy. He saw a deter. mination, almost universal, to work and live hardly until all that was lost by the War was regained, and he felt that Ger- many was well set on that road, although the trade balance
vias still against her. When he wrote he did not foresee the two million unemployed who now testify to the mistaken policies which he marked but whose effects he believed would not, on the balance, prevail. He urges British industrialists and financiers not to be content to co-operate by contributing- to finance German enterprise all over the world, but to demand
also a share in its control, operation and _profits.
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