26 MARCH 1904, Page 13

DR.. JOHNSON ON IMPORTS AND EXPORTS. 11.0 THE EDITOR OP

THE "SPECTATOR.") Sin,—I venture to write to you and copy the following extract from Boswell's Life of Johnson (Vol. VI., p. 61, of the Birrell edition), as interesting perhaps to the readers of a Free-trade paper like the Spectator. It is Johnson's advice to Boswell as to how his Scotch estate should be managed, and curiously applicable to the country now,—from the Free-trader's point of view:—" Live within your income. Always have something saved at the end of the year. Let your imports be more than your exports, and you'll never go far wrong."—I am, Sir, &c.

0. L. L.