But to return to Lord Derby's speech. Lord Derby said
that Mr. Lloyd George had invited him to join the Government,and he had declined merely for private reasons ; he required a holiday, and he had to attend for a time to his own affairs. He did not end his speech, however, without a very strong and welcome appeal for economy. He criticized the Government for not recognizing that they must cut their coat according to their cloth. In other words, the Government must determine exactly how much they have to spend and not exceed that amount. It is useless to say that this, that, or the other item is " necessary." Lord Derby also said that our finances depended quite as much on our foreign policy as upon our domestic administration. In his opinion Great Britain and France should form a defensive alliance, and he hived that later the United States would join it.
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