22 FEBRUARY 1952, page 29

An Ideal Birthday Gift

We will post the SPECTATOR to any of your friends residing in any part of the world at the following rates :— 52 weeks, 35s. ; 26 weeks, 17s. 6d. In addition a Birthday Greeting......

Finance And Investment

By CUSTOS WITH Mr. Butler's budget less than a fort- night ahead markets are exhibiting an under- standable caution. Buyers, of the institu- tional as well as the private type,......