7 JULY 1917, Page 19

" PROFITEERING."

[To THE EDITOR OF THE SPECTATOR,"1 SIZ,—In the Spectator of lune 16th you stated that "persons who no often have the word ' profiteering ' on their lips or at the end of their pens have made no attempt to define its exact meaning." I should like to point out that the exact meaning of " profiteering " was given in the New Age of May Met on p. III; and that a fuller definition of it, together with the definition of a " fair " profit, may be discovered in the last issue of the New Age, the journal in which the word " profiteering " first