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While, however, we are greatly encouraged by Sir George Younger's

speech, we must remember that it is always the habit of Governments to slip back into extravagance if they are not watched. Sir George Younger's speech must not be taken as in any sense a guarantee of security. All the various thrift organizations must not only carry on but work harder than ever. When your enemy is on the run you must keep him running. A triple barrier must be erected by these organizations and by public opinion against any tendency of the Government to rush back to extravagance. The triple barrier is :-

l. No taxation above 950 million pounds.

2. No more borrowing.

3. No more printing of money.

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