4 MARCH 1916, Page 2

Possibly the Chancellor of the Exchequer was right here, but

is it not just one of those cases in 'which human nature prevents your taking the best way and forces you to adopt one less theoretically excellent 7 It would be very much to the good if schoolboys would get up in the morning and go to school punctually without being forced to do so by elaborate coercive measures. But we know they will not. In the same way, the public will not cease expenditure of a kind injurious to the prosecution of the war unless coerced by taxation. In other words, as long as they have money, men and women will spend it, and spend it on things they like and not on things they dislike—as, for example, on filling the family money-box.