30 JUNE 1933, Page 6

Lord Beaverbrook, I see, is starting an isolationist , campaign. He

explains what he -means by that. His policy is "the development of the British Empire as a self-sufficient economic Unity supplying -the needs of its. people from its own soil and its own factories." I shall be interested to know what Lord Beaverbrook's policy, on oil is. The oil of, the world comes, as to 90 per cent; of it, from the United States, Russia, Mexico, Iraq,. Persia and .Venezuela..: It looks as if we 'should have to annex the -lot.- Isolation would' be a good deal simpler that way.