1.—A Subscription to the Spzerearov costa Thirty Shillings per annum, including postage, to any part of the world. The &Emma is registered as a Newspaper. The Postage on this...

a Parlia- mentary force needs a great deal more explana- tion than the Daily Herald's attribution of it to a " storm of abuse and falsehood " or the references of the Manchester...

IF the world needed proof of the unity of the people -L of this country in face of the financial crisis it has got it in sufficiently dramatic form in the spectacle of the...

more immediately now with the effects. The first, of course, is an immense Conservative majority in the House of Commons, sent there in part by normally Liberal, and even to...

SPEGATOR.1

the German Chancellor at Berlin last Sunday, Signor Mussolini at Naples was drawing pointed distinctions between the nations forcibly disarmed by the peace treaties and the...

defeats and victories at the polls a good deal might be said. The 5,000 majority obtained by Sir Herbert Samuel at Darwen and the narrower victory of Sir Donald Maclean- in...

refusal to comply with the League of Nations Council's appeal for the withdrawal of her troops from the territory she has occupied in Manchuria is discussed on another page. Up...

of Cyprus, where a company of British troops has sufficed for years past to maintain order in a population of a quarter of a million Greeks and Moslems. The unofficial majority...

Friday, October 23rd, by aeroplanes, and, thus reinforced, the garrison and police were able to make head against the disturbers of the peace. Five leaders of the mob, including...

to clear. The National Government is to some extent an unknown q u antity. Its leaders are familiar enough, for not even the most gravely menaced seat fell. The Prime Minister...

brief visit to Washington is the almost universal satisfaction of the French Press that nothing came of it. France has a perpetual fear of being jockeyed into something she does...

ended at Stamboul, was bound to be a sterner test of the movement towards rapprochement than the first., held a year ago at Athens. Last year all was novelty and enthusiasm....

of Inter- national Justice has just given judgement deserves notice for one particular reason. The question at issue bore on the eternal disprite between Poland and Lithuania...

Chicago is justly, or (as Chicago vehemently insists) unjustly, notorious has a touch of the incredible about it. This week's headlines record the downfall of the prince of all...

on September 21st, 1931. War Loan (5 per cent.) was on Wednesday 981x.d. ; on Wednesday week, 99; a year ago, 162Ix.d. Funding Loan (4 per cent.) was on Wednesday 881 ; on...

? That by no means follows. The personal contacts between statesmen that have become so fashion- able in the last twelve months always do some good. Moreover, where no definite...

T HE National Government has received from the electors a mandate such as its leaders never dreamed of. It remains now to be seen whether it can make itself in the truest sense...

T HE League of Nations is facing the most critical moment of its career, and it is by no means certain yet what the issue will be. That is the first conclusion that emerges from...

[We publish below the fourth article of a now Theological Series, which we hope will throw light on some of the most disputed questions of conduct. Professor N. P. Williams,...

BY DR. L. P. JACKS. H OW health and skill are related is a question awaiting investigation and urgently needing it, especially in the interests of educational reform. In spite...

O F all the enemies which the finer spirit of humanity must conquer before it can bring forth the fruits enumerated by St. Paul—love, joy, peace, long-suffering, gentleness,...

M OST people will tell you that the people of Moscow are very keen on the cinema. For myself, I believe they . would be almost equally keen on the magic lantern, or on anything...

BY W. M. LETTS. H ALLOW E'EN is the festival of ghosts. In wise countries like Ireland and Scotland we welcome them frankly in our midst and make much of them with chairs set...

nonfy the SPECTATOR Office BEFORE MIDDAY on MONDAY OF EACH WEEK. The previous address to which the paper has been sent and receipt reference number should be quoted.

" The Blue Express " at the Academy ART and propaganda are but uneasy consorts at the best of times ; but when the matchmaker is as restless and energetic a fellow as M. Ilya...

Expressionism at Norwich IT is now a little over ten years since Mr. Nugent Monck began gallant adventure at the Maddermarket Theatre in Norwich. It was soon known that if one...

In a time of turmoil impartiality is an ideal—or a pose. I select, as a saying to add to the Nonsense Box for this week, a remark attributed to one of our candidates. " A...

At Olympia, one evening last week, I was fascinated by a shabby and faded couple—man and wife no doubt—who stood, with wistful lookS, beside one of the cheapest of mass-...

COME AND Miss HIM. Broadcasting parties have been a disturbing novelty of the late election campaign. " For Mr. Lloyd George on the Wireless " was scribbled across an...

A Yankee schoolmaster, a teacher of chirography,. not long since located himself in Rensselaer county, New York, and com- menced a school under the most favourable auspices. He...

Magazine a Letter on Fireworks, protesting . against 'transient shows that " advanced by such - slow degrees and with such costly preparations." Apparently the stained .....

Some weeks ago, we laid before our readers the heads of a proposal which h ad boon submitted to the Government for founding a Colony on the Southern Coast of Australia. As wo...

Mr. Baldwin has said that he hopes before he dies " to make the use of inverted commas in this country illegal." I have had to use them in quotation of his bold dislike. But ....

One may always derive some solace from reading foreign newspapers during a domestic crisis. Their versions, particu- larly, of our famous names cast a fantastic sidelight, which...

economist were joint dictators of Britain. It is odds that their first step would be to supply every child in the country, especially the urban elementary school child (for...

the appearance of the very fields. In scores of parishes in England to-day you will find grass fields entirely uncut or unfed ; and the spectacle is quite new to England. In...

that if British people drank per head nearly as much milk as is con- sumed by the people of the United States or of Scandinavia, then English agriculture would flourish—even...

ensuring purity and freshness, have accelerated almost beyond belief. The most superficial glance at the Agricultural Hall last week would assure any doubter on this head. Milk...

One reason is an astonishingly wide and obstinate belief that there cannot be as much support in a liquid (though some make an excep- tion on behalf of beer !) as in a solid. In...

is nearly so well suited for milk production as Britain. It grows good grass by nature. It is the place of origin of most of the best races of mulch cow in the world. Since our...

FAMOUS MILKMEN; Two prizes at the Dairy Show of last week were a singular tribute to the value of science in practical affairs. Lord Rayleigh won the most valued prize in the...

[In view of the length of many of the letters which we receive, we would remind correspondents that we often cannot give space for long letters and that short ones are generally...

[To the Editor of the SPECTATOR.] protectionists will be much beholden to you for publishing on the eve of the election the letter from Mr. James H. Weager, for it is precisely...

in the Spectator. It has always upheld the policy of Free Trade, and now when so many Free Traders are recanting the Spectator itself is becoming very half-hearted. Surely now...

[To the Editor of the SPECTATOR.] SIR,—I have been a regular reader of the Spectator for over forty years, and have been in sympathy with its views on most subjects. The object...

[To the Editor of the SPECTATOR.] SIR, —I had myself been puzzled by this phrase and had followed the same line of research for an intelligible meaning for it as did Mr....

[To the Editor of the SPECTATOR.] Sin,—Emigration at best is but a sorry business, for the love of the land of their birth is deep-rooted in the heart of every normal man and...

[To the Editor of the SPECTATOR.] Harold Cox, in his article on " Personal Economy and Public Welfare," puts the case so clearly that one Immediately feels that it should have...

[To the Editor of the SPECTATOR.] SIR,—In this enlightened and cosmopolitan day and age, why do we not call Germany Deutschland, Austria Oesterreich, Holland Nederland ;...

[To the Editor of the SPECTATOR.] SIR, It is necessary, more especially in these times of bitter controversy, to remember that 1. Whatever the currency, however high the...

[To the Editor of the SPECTATOR.] SIR, Mr. Dawson, in his otherwise admirable article in your issue of October 17th, makes a slip by basing himself on what is perhaps the most...

[To the Editor of the SPECTATOR.] Sta,--We have just witnessed an attempt to rehabilitate Strafford (Tom Tyrant, The Wicked Earl). Surely Mr. Buchan's attempt, in the Spectator...

[To the Editor of the SPECTATOR.] Stu,--To most people the absolute values of Truth, Beauty, Goodness are still the essence of ultimate reality, Religion the ever-occurring...

[To the Editor of the SPECTATOR.] Sta,--Your correspondent of October 10th, Mr. Hubert Cartwright, is evidently not aware that experiments on the lines he suggests have been...

[To the Editor of the SPECTATOR.] Sta,—The review headed " Native Dietaries " tempts me to revert to this subject. It is, of course, useless to protest against the gradual...

To the Editor of the SPECTATOR.] Sue, - --AS a regular reader abroad of the Spectator, may I suggest to fellow-readers who are fortunate enough to be able to contemplate travel...

For some time past there has been an intermittent traffic in horses between the Argentine and the Continent of Europe. The grave apprehension to which this traffic has given...

(Concarneau Harbour) BOAT after boat, And more boats come, Crowded closer than casks with bottles— Grey torpedoes, Rigid tunny-fish. Now they lie in square battalions,...

[To the Editor of the SPECTATOR.] 'Slit,—If I state my own experience briefly a point not pre- viously touched upon will be brought out. About seven years ago I had an outside...

Would some one explain why Sir Arthur Steel-Maitland and other Protectionists always blandly ignore the fact that Protectionist France has an adverse trade balance of over...

[To the Editor of the SPECTATOR.] SIR,—Will you allow me to add two others to Mr. Jennings' reaction to Cavalcade? The first is that of a first-nighter who decried the whole as...

Sir , ,--Judging from Mr. Cyril Maude's letter in your issue of October 24th, very little seems to be known in this country about the most recent developments of the art of...

[To the Editor of the SPECTATOR.] SIR,— I read, with great astonishment, the article called The Ostler," by Owen Tweedy, in the Spectator of September 26th. There I learnt that...

or very clearly written on one side of the paper only. The name and address, or pseudonym, of the competitor must be on each entry and not on a separate sheet. When a word limit...

2 vols. 30s.) one of the dark corridors of the Custom House in Lower Thames Street, leading to the famous " Long Room " where Georgian desks and copper coal scuttles are still...

(Leonard Stein and Victor A Marriage to India. By Frieda Hausv:irl • h (Mrs. Sarangadhar Das). (Hutchinson. 16s.) Christian Higher Education In India. (Oxford University...

A Garden Revisited. By John Lehmann. (Hogarth Living Poets, No. 21. 3s. 6d.) THERE is a book to be written on the subject of literary hoaxes. Part of it, of course, would deal...

Jewish Mysticism and the Legends of Baalshen. By Prof. M. Btiber. Translated by Lucy Cohen. (Dent and Sons. 6s.) So little is known by general readers of the bye-ways of the...

Miss ODDIE'S life of Marie Louise is to all intents and purposes a novel. We do not say this in order to throw doubts upon the accuracy of the narrative, but to exalt its human...

6d.) Colette's delicacy of touch makes the intimate workings of woman's mind, which she perceives finely, endurable to the sensitive woman and comprehensible to the courageous...

of a film star who rehearses, before the camera, the part she plays in real life. The book is redeemed from dulness by the neatness of its rather stagey dialogue.

TI'HURIEL'S HOUR. By Joanna Cannan. (Hodder and Stoughton. 7s. 6d.).—Ithuriel learnt all about "pukka Sahibs" when he watched a Himalayan climbing expedition and saw the two men...

Grave and Gay Mr. and Mrs. Pennington. By Francis Brett Young. (Heine. mann. 88. Gd.) Folk by the Sea. By Johan Bojer. (Cobden Sanderson. 7s. 6d.) Mn. BREIT YouNG's new novel...

recalls his childhood with detail and delight, but sometimes with a pomp which takes the bloom off his circumstance.

in the early Middle Ages Dr. Joan Evans's Monastic Life at Cluny, 9 10-1157 (Oxford University Press, 15s.) is well worth careful reading. To our easy-going generation the stern...

leading authority on the France of the Merovingians and Carlovingians. In The End of the Ancient World (Routledge, 21s.)—a new volume in the remarkable series entitled " The...

Williams has patiently and skilfully extracted from the memoirs of the Saxon General Ferdinand von Funek, is disappointing. Funck, who seems to have been an honest and...

North Wales, and the ceremony, under Sir Alfred Davies as chairman, was largely attended by enthusiastic Welshmen. Here, then, is confirmation of Professor J. E. Lloyd's...

by F. Brittain (Cambridge : Hefter, 10s. 6d.). The author is a Cambridge don, but he loves the quiet parish between Barnet and St. Albans, and has enlisted no less a person than...

Tag Newmarch lectures delivered by Dr. James Bonar in 1929 (Theories of Population from Raleigh to Arthur Young, by James Bonar, M.A., LL.D., Allen and Unwin, 10s. 6d.) are...

6d.) Mr. R. L. Megroz supplies a long-felt want. In a work of unusual critical distinction, he analyses and describes the outlook and life of that remarkable writer. Mr....

The Times Book Club have been : During the past month the books most in demand at The Times Book Club have been : NoN-FICTION.—The Duke, by Philip Guedalla ; Charles II, by...

I think not, and for the following sufficiently good reason. We have it on the confession of ex-Socialist Ministers themselves that last August the country was in a situation...

The Outlook WumNG on the actual day of the election, the results of which will scarcely be made known in time for any material alteration in proof, it is rather rash, perhaps,...

Lighting—II By G. M. BOUMPHREY. Tun execution of a lighting 'scheme . for any room should consist of something more than the mere selection of pretty shades and fittings, and...

Such being the case, it would not be surprising if atten- tion were first turned to British Funds and other gilt- edged securities which have been affected in special degree of...

POLITICAL MARKETS. THE disturbing effects so often produced Upon the Stock Markets by a General Election have not been in evidence during the last few weeks. On the contrary,...

Not only so, but in viewing markets from the stand- point of the potential investor, it must be remembered that during the past few weeks speculative operators and, no doubt,...

Above all, Ministers in the new Government Will do well to realize with intensity the fact that it is the duty of the Government to demonstrate before another General Election...

This brings us, however, to a consideration of the great responsibilities attaching to the new Ministry. It must of necessity be a composite body, and we know from what has...

FINANCIAL SUPPLEMENT BANKING AND INSURANCE No. 5,:42.1 WEEK ENDING SATURDAY. OCTOBER 31, 19 i1 GRATIS

there is nothing which will have done the Socialist Party of this country more harm at the recent General Election than the attack which was made by its members upon the banks....

THE postponement by the Atlas Assurance Company of the declaration of a bonus on its participating policies has disturbed holders of with-profit policies in general....

The influence of depreciation on bonuses is transient. Depreciation must be made good out of the profits available and the sum required for the purpose cannot be distributed,...

Successive increases in income tax in the last year or two must depress the ratio, and it is the net rate of interest earned that counts. Can the decrease in net interest be...

CONSIDERING the general fall in Stock Exchange quota- tions, the decline in insurance shares is not surprising, but much of the weakness seems to have been due to mis-...

When insurance accounts are made up, a proportion of the premiums is reserved as provision for claims subse- quently arising in eonnekion With the unexpired insur- ances carried...

The bulk of the business of British insurance companies is obtained abroad, and fears have been expressed that the transfer of funds to this country will involve heavy exchange...

Timis is not a political article, nor is it concerned with financial economy. It is, however, conceivable that the post-War architectural activity of the Big Five has...

The present banking system of England is of very recent growth. Until 1862 the great majority of country banks were private concerns issuing their own notes, which were backed...

For the same reason the strong room itself is prefer- ably constructed as an island with a passage round it too narrow for the free use of any implement for the penetration of...

A certain general similarity that is apparent in buildings designed for this purpose is therefore not unnatural, and at the same time makes them easily distinguishable from...

There are only two of these buildings which can be seen as they were envisaged by the architect : and they are the National Provincial Bank, opposite the Mansion House and...

The building programme of the banks throughout the country was due to the post-War increase in the business of banking ; this entailed larger staffs at the respective head...