10 MAY 1930, Page 3

The Memorandum, signed by Mr. Lansbury and Mr. Johnston as

well as -by Sir Oswald Mosley, does not seem to go beyond what was proposed or implied in Labour and the Nation, but of course the Cabinet has allowed the policy of that famous tract to lapse. Mr. Thomas notoriously opposes financing unemployment schemes by public loans which, if the Mosley Memorandum were adopted, might amount to as much as £250,000,000 in a couple of years. The Cabinet Sub-Committee consists of Mr. Snowden, Mr. Greenwood, Mr. Tom Shaw and Miss Bondfield, and these are powerful allies for Mr. Thomas, who must be cheered by their decision. But the Cabinet has yet to face the malcontents when the Report of the Sub-Committee is discussed.