The Social Crecliter, Saturday, December 3rd, 1938.

THE SOCIAL CREDITERFOR POLITICAL AND ECONO_MIC REALISM \

Vol. r, No. 12. 3d. Weekly.Registered at G.P.O. as a Newspaper.Postage (home and abroad) lid. SATURDA Y, DECEMBER 3rd, 1938.

BALKAN

London was recently honouredby a Royal visitor in the person ofthe romantically rebellious Carolof Roumania. F~r all his histrionics,this silk-cloaked monarch is one ofthe most adroit diplomats sinceMct ter nich. In the face of greatobstacles he keeps both hisindividual rights and his throne, andstill remains friendly with hispeople. He has curbed theRoumanian Nazi Movement withits desire for a rapprochement withGermany, and yet is well in therunning to receive extensive creditsfrom the Reich. With non-Roumanian minorities of almost 25per cent. of the population, he stillretains a slice .of the universally-coveted Ukraine, the ex-HungarianTransvlvania and the one-timeRussi~n province of Bessarabia,

King Carol must be very well

ON OTHER PAGES

COMMENTARY

Mrs. PALMER'S PAGE

GHOSTS TO WALK

MASK AND MARMALADE

A DOCTOR ONBILLETING

RATES CAMPAIGN

GIFT SC,HEMEBy W.B.

aware that Germany needs his richwheatlands and oil-wells to facilitatethe Drang Nach Osten, and hemust realise also that no greatreliance could be placed upon helpeither from Poland or Hungary.Neither can he depend too muchupon Russia's attitude, for if theU.S.S.R., feared that a Germanattack upon Roumania would resultin Hitler's river-fleet steamingdown the Danube and debouchinginto the Black Sea, the probabilityis that a Russian Army wouldmarch into Bessarabia and seek tooccupy it permanently.

In these complex circumstances,Carol plays off one Power againstanother, and dexterously managesto preserve his post-war frontiersfree from alterations.

When, immediately followingthe Berchtesgaden meeting, HerrFunk set out from Berlin on hismission to the Balkans, Carolwatched him with an interested eye.The Jugo-Slav trade-treaty (where-by Germany agrees to modernisethe whole of the former's road-system) had already been signedand big-hearted Funk was in Ankaraoffering to build ships for theTurkist Government and toconstruct docks on the Bosphorousto the tune of £12,500,00, w:l'fenCarol invited the German Ministerto dome up and see him.' Havingrealised what was to be done forJugo-Slavia and for Turkey,and having, no doubt, beeninfluenced by Dr. Ley, Leader ofthe German Workers' Front, whose"Joy and Work TravellingExhibition" has been touring the

Balkan capitals, Carol determinednot to be left out of a~y free giftsthat were being made. His nameis now on the list, and although aprior engagement between theGerman Santa Claus and King Borisof Bulgaria makes Sofia the nextcity on the- itinerary, there can beno doubt but that Carol's patiencewill be generously rewarded.

When Carol addressed theMayor of London and his Corpora-tion in the Guildhall, he was carefulto emphasise the cordiality ofrelationship ". existing betweenRoumania and Great Britain. Theties had been strengthened by thetwo Powers working so hard forpeace and economic prosperity."There are no better means ofensuring peace," said he "thanthrough the .Ioyal and equitabledevelopment of economic exchanges"... and he piped so continually onthe one note that there could havebeen little doubt in the minds of hisnoble audience that the best means.of ensuring peace was by loyal andequitable development of economicexchanges. Enlarging upon thistheme he went on to say that heattached great importance to thefurtherance of these ends, andwithout asking outright for a Loan,he expressed himself willing toadopt such a programme as soon ashe could be certain of receiving"sufficient collaboration of a reallyserious nature."

There has been. considerablespeculation as to what Carol wouldultimately get. A report fromBelgrade suggests £12,500,000; the"D.aily Express" mentions rumours

Page 2 THE SOCIAL CREDITER

of £20,000,000, and so on; butwhatever he gei.s,-and they mayprefer to call it a Credit rather thana Loan-it will give another fillipto the Export "Trade" and causeHerr Funk's well-laid scheme to goa trifle agley. The latter gentlemanmay even find it necessary to raise'his bid if he considers it vital to'assert German predominance, andthis (as Carol would put it) oughtto contribute very substantially to a-policy of appeasement based uponeconomic foundations.

There are other considerationsto modify this judgement, however.The German Trade drive in SouthEastern Europe has been partiallyfrustrated by an Anglo-Frenchcounter-offensive. The FrenchLoan to Bulgaria, and the BritishCredit to Turkev are the firstsalvo in an economic war which has'every appearance of becoming moreann more intense.

King George of 9reece and PrincePaul of j'ugo-Slavia have also been111 London; and, no doubt, each ofthem will, on returning home, pickup whatever plums there are to bebad on the way. Such obviousrnanceuvres are surely not calculatedto preserve the allegedly cordialrelationship at present existingbetween the Wilhelmstrasse, White-ball and the Q.!,~;j,i_ d'Orsay.

No matterwhat beautiful thingsmay he said about the pacific valueof favourable trade balances, thehistorical fact remains' that thegreatest "trading" nations have beenthe most aggressive warriors: tradefollows the flag, and the flag isforcibly planted.

If a real exchange of goods is tobe achieved, the' exporting com-munity must be put in possession ofsufficient money power to enable itto absorb whatever commodities thedebtor country is willing to send inreturn. Where this is not done alltalk of economic "exchanges" is somuch ballyhoo: trade, so called,becomes one-sided,-the forcing outof the exporting country goods. forwhich the producers are given noadequate credit. It becomesimpossible for them to buy any ofthe returning imports, and frictionbetween the two countries is theinevitable outcome.

Financial diplomacy is, of'Course, frequently able to cool such

friction, eith.er by, pouring in newLoans, or by permitting default; butwhatever virtue there- may be incontinuously loaning money to adebtor in order that the latter maycontinuouslv return it in settlementof some previous account, there issurely none. in permitting default.In the first place, cancellation of adebt means that the creditor nationhas been producing and exportingfor the pleasure of working fornothing; and in the second place,this method is bound to haverepercussions upon the relationshipbetween the creditor and thoseother countries who covet the samemarket and would resent thecreditor making it a repository forfree gifts.

At this point it becomes ofinterest to consider what SirArthur Samuel (former Parliament-ary Secretary to the Treasury inBaldwin's Government) had to sayin the "Times Trade Supplement" ofNovember l st, 1930. "As a cautiousestimate," he wrote, "I say we havelost not less thari £2,000 millions inOverseas investments during thelast sixty years. It is not unlikelythat our loss has been muchheavier.e=probablv even £4,000 mil-lions." The "",":-e"referred to isUS, for although we were neverconsulted as ~<our agreement withsuch a lunatic :business, we wereforced to produce and to part withgoods to the, value of thoseastronomical figures. During thisperiod of .ponderous one-waytraffic, the English people have beencompelled to fight incessant wars,the ultimate excuse for which hasgenerally been the protection ofwhat are euphemistically known as"England's interests."

If Sir Arthur Samuel's figuresare to be accepted as correct, (andhe was in a position to know.) thenwe have unquestionable historicalproof that the only interests to beprotected were those of a smallgroup of manipulators, whosejuggling with the community'S'credit gave them power and income..

It remains for -the Englishpeople to decide whether or notthey will continue to allow theirmoney to be perpetually doled outto selected foreigners, whose abilityto repay in goods is constantlyfrustrated by a. chronic moneyshortage here in England. Any

manipulation of our Credit, whichensures our being forced to produceand to export goods for which weget 1.O.1J.'s in exchange, and whichgives us no greater share of thefood, clothes 'and shelter which areour due, results in nothing moresubstantial than a partial curing ofthe "unemployment problem."

Perhaps. that is an under-statement, -for in this particularinstance our competitive money-bombardment of the Balkans iscertain to result in putting HerrFunk's nose out of joint, and theoutcome of that may easily be sucha generation of friction betweenGermany .and ourselves that thesubsequent war will cure theunemployment problem entirely.

Insure Against BombsThe Government will shortly

put forward a national plan forinsuring property against war risks.

The fact was disclosed by Mr.Walter Elliot, Minister of Health,at the Social Insurance conferencerecently ...

The Government scheme willprovide that all owners of houseand -factory property make a con-tribution . towards a nationalcompensation fund to be administer-ed by the Treasury.

The contribution will take theform of a levy of 3d., in the poundon Schedule A income tax-that isthe tax on property and not theordinary .income tax on v...·ages,profits, and other earnings.

The yield from this levy will beaccumulated in a Government fund.and from this fund full compensa-.tion will be paid.

In this scheme, no burden willfall on the taxpayers as a whole.but on .the property ownersthemselves.

No; but one property owner istaxed for the benefit of hisneighbour.

Insurance companies and LloydsUnderwriters have stated that theycould not possibly cover underordinary. commercial rates the risksinvolved by enemy bombing.

r /~.

~\

I',~_,

____ .. ..;__..-..;'--_....;.;....o

THE SOCIAL CREDITER

10/'7•Page 3

COMMENTARY'M! November 27th! It was

on that day in 1784 that oneJonathan Thatcher rode up to thedoor of the Rising Sun (which, inthose days, sold 'Porter, Ale andNeat Spirits' to the people ofStockport) on a COW, duly saddledand bridled and lashing her tail likea lioness.

* * * *Thus he both ridiculed and

defied Pitt's Horse Tax. Man, theywere great days! (Whisper it not inGath: he also saved himself paymentof the tax!!)

* * * *..~ To the Editor of The Observer,Sir, In reply to your question (whichis quite a usual and natural questionfrom one who has been kept incomplete ignorance of economics allhis life) Whether Germany can. bothkeep the wealth of the Jews andexpel their persons?, the answer isas follows:-

* * * *A Jew IS wealth. "Jew Roths-

child and his fellow-Christian,Baring"-to use Byron's phrase-were wealth equal to at least twicethe wealth which was one of them,plus the difference (if any) betweenthe wealth which was one of themand the wealth which was the other.Or, to make the matter. clear tosome who are fond of this kind ofthing:-

* * * *Let p= J.R in terms of wealth,

and q=f.CR. in terms of wealth,then'

W=p+q (1)p-i-q=ieither 2p+(q-p)

or 2q+ (p-q),according to whether p or q is thegreater. (2)

That 2p+(q-p)=2q+(p-q) al-ways, is a little curiosity of Algebraand her friend, Nature. NeitherFinance nor Politics-not even TheObserver can make any difference!

* * * *So much for that! In expellingJ.R., and f-C.B., from any country,thai country would have beenpoorer by p plus q, the sum of thewealth which they were to them-

selves, to each other and to thoseabout them.

* * * *The ground they stood on,

unless they were permitted to takea sackful with them, would staywhere it was, and the same remarkwould apply to any capital, Talmudsand Testaments, shoe-makers' lasts,coining devices, racks, thumb-screws, chemical reagents, dynamos,etc., etc., etc. Just the same for"Jew Rothschild as for Fellow-Christian Baring."

.* * * *Claims to these and other things,

and claims to use these and otherthings, being in the last .resortrights granted by one's fellows inthe community (sometimes calledThe State), would disappear _ifo-f-i-t-c said so, or would continue(in so far as physically possible) ifo-f-i-t-c said they might.

* * * *It is only necessary to add that

all forms of MONEY, dear Sir, areonly claims to wealth, and notweal th, and. your question isanswered, and if you hand theanswer up to your examiners, yoursaid fellows in the community, youought to get full, marks for it.

* * * *A little matter of punctuation:

I think Ryron meant '~Jew Roths-child and his fellow, (. ChristianBaring," not "Jew Rothschild andhis fellow-Christian Baring," as it isin my edition. (To quote the linesmight be slightly offensive to theArchbishop of Canterbury, theModerator of the Church of Scot-land, the President of the FreeChurch Council and the Chief Rabbi,all of whom enjoin moderation inthe present racial crisis).

* * * *'<, Dr. J. J. c. Bradfield, thebuilder of the famous SydneyHarbour Bridge, proposes to

, irrigate the central Australian tablelands by damming the rivers on thecoastal side of the Dividing Rangewhich runs north and south inQueensland, and diverting a stream

of water 600 feet wide and ten feetdeep from the over-watered coastalbelt to the dry heart of Australia.

* * * *Reynolds News says Dr.

Bradfield believes the work would"pay for itself." How could it?There won't be any floating bank-balances in the water. If the.financial "cost" of £30 millions israised in tolls or taxation the moneywill go' back to the banks whichcreated it ou:t of nothing and bedestroyed.

* * *But, before that happens

the £30,000,000 will also have goneback to the banks as repayment,vicariously, of some other loans tothe same amount. Six hundredyears ago, gold was priced at 29/-an .ounce. After six centuries ofimprovement of process, it is pricedat 150/- an ounce. "Ah !" says thetheorist, 'I but that means that whatyou buy gold with is cheap t" Beer,for example, has advanced in pricefrom 1d., to 5/4 a gallon, shoes from4d., to 12/6 a pair, fresh meat fromi to 2/ ~ a pound.

* * * *Lord Lothian, last Sunday, had

the freedom of "The Observer" todissipate afl those unkind things the

, Communists, avowed and unavowed,have been saying about him duringthe recent spate of gaff-blowing.(Do not forget that CONFUSION isa recognised, object of strategy,military and governmental.) LordLothian is Secretary of the RhodesTrust, which awards two -scholar-ships annually to young Germans.The subversive call him subversive.He has been quoting .the 'admission'of men of science that they are nonearer solving the riddle of theuniverse than they were at thebeginning, "and that its solutionmay have to be found, in thescientific exploration not of matter,but of Spirit." He also refers to"the fatal, nay the demoniac, in-fluence of national sovereignty." Hethinks democracy (whatever thatis!) too often uses liberty for "theindulgence of the flesh." To stopthis "rot," Britain must lead theworld back (via the mortification ofthe flesh?) to "purified" democracy.Oh! these qualifications!

THE SQCIAL CREDITER·

Mrs. Palmer's Page

ORGANISEDA month ago I wrote an article

to those who say "I May BeWrong." This has brought methe following letter:- '

"I quote from the Aphorismsof Patonjali:

" 'Ignorance is the stupidinsistence that one's own point ofview is the correct one. The manof the world either believes a thing,or disbelieves it, or ignores it. Thestudent neither believes nor dis-believes, but always perceives thatthe evidence before him for anyso-called fact is inconclusive, and h¤continues to maintain an open mindtowards it. The student mayadopt a working hypothesis. Untilthis attitude of mind is attained thestudent will continue to makemistakes.' "

. She adds, "This attitude ofmind is, 'I may be wrong,''' andcontinues her letter thus:-

"We are so often wrong in theabsolute sense. I think we SocialCrediters will only become a sect ifwe think we only hold the truth.When Social Crediters step out ofthe field of Economics into therealm of spiritual values they areblind leaders of the blind. 1 maybe wrong, but it seems to me thatleaders of thought in the movementare making a mistake in appealingto the materialistic· side of ournature, for the only thing thatjustifies our existence as humans inthe scheme of things is that we arespiritual beings plus humans.

"I find one gem in your article,'Singleness of heart.' It is my beliefthat if singleness of heart had beenput into the foreground, these criseswould have been avoided."

Let me disclaim immediately,the charge of dealing with spiritualvalues in that article. I waswriting of realistic facts only. Norwould I dare to step out from thefield of Economics into the realm ofabstract spiritual values, least of allon this page of mine. Like theplaywright, all I am pleading for isa complete acceptance of the factsas they are made manifest, anacceptance free from prejudice,

COMMON SENSEuncoloured with personal ideals or philo.sophies can never be. Socialambition. This is the attitude of Crediters ; but as from their ownmind of a worker in 'a laboratory, showing, their own beliefs mustand it can properly be called also be delusions, I do not propose"singleness of heart." And I am to deal with them here.arraigning those people who, instead How can we define a fact? Theof trying to distinguish between . Oxford Dictionary defines it as aideas, facts a~d opinion~, p~ef~r t?, thing certainly known to havehave everything m their minds occurred or to be true' and Ijumbled into a conglomerate mass, should add, that can be app:ehendedsimply because they are too lazy or by one or more of the five senses._indifferent to sort them out. They The founders of' modern sciencesay "I may be wrong" on every considered it something akin to sinoccasion, and th~nk they a~e to admit any entity to recognitionwonderfully open-minded ; and If except under pressure of necessity. ~the_yare young,. the~ ~ay adopt an Stated in popular phraseology, this.attitude of cynical indifference. means, approximately, "they always

My correspondent is a woman make s~re of .their facts," and it isof a very different type from this; fro~l this b,~s~sth~t the study ofwhen she uses the words, "I may SOCIalCredit IS built up.be wrong," she is trying to express This attitude towards life shouldthe attitude of the student, who, in not be considered somethingface of inconclusive 'evidence, abstruse .and rare, and only to bemaintains an open mind towards it; found among scientists. It ishe neither believes nor disbelieves. nothing but trained and organisedThis frame of mind would be more common-sense, and should beaccurately expressed by the words, practised by all of us in every day"I do not know." To say "I may life.be wrong," means that one hasalready come to some conclusionthat may be proved inaccurate later,and indicates a mind which isconstantly shifting its ground.

But the earnest student mustcome to some conclusion which willform the basis of action. Mycorrespondent tells me that shebecame a' Social Crediter afterreading "Credit Power andDemocracy." Does she not admitthat book to be a masterpiece ofincontrovertible fact? And wouldshe not base her work as a SocialCrediter upon its teaching?

I will begin at the beginning,and try to recapitulate part of whatI have learned from Douglas andother leaders of thought in themovement.

Social CreditIs not a religion,although its elements are found inevery religion worthy of the name.Social Credit deals with facts only.Now there are certain philosophieswhich teach ·that everything is adelusion, and nothing is based on afact. People who believe hi such

This is the only sort of thinkingwe want among Social Crediters.Do not write and tell me I amdiscounting spiritual values. I amdoing nothing of the kind. I amstating the only basis upon whichspiritual values can be assessed.

Now let us take a usefulexample; We will state, as a fact,that we have a world peopled withmen, women and children. Wealso know that except for solitarieson desert islands, hermits ininaccessible caves, or others insimilar· places, people must live insome sort of association with oneanother. This association mustlead to a result of some kind.

If the resultIs a desirable one,givirig the people .what they want,we have a' state of social credit.Refer to my last week's article, inwhich I gave a fuller definition ofthis state. Douglas did not "invent"Social Credit any more than Wattinvented' steam, . or Faradayelectricity; it was there all the time.He brought it to our notice; andhas shown, and is still showing us

THE SOCIAL CREDITER

the natural laws by which it lS

governed and what we can do tomake the best use of it.

It is of the utmost importancethat Social Crediters should trainthemselves to base their reasoningon facts that have been observedobjectively. At first it may bedifficult, but quite soon it will be ablessed relief from uncertainty. Foras you add to the foundation offacts concerning the life you haveto live, you will also discover whatyou must do about it, and you willhave confidence in yourself andyour own purpose in this world.

But it is not an easy task. Wehave our own prejudices to contendwith, our lack of observation andpoor memories, and the constanteffort of the enemy to divert ourattention from what we are doing.Incidentally, someone told me theother day she didn't believe therewere any enemies. This is as muchas to say things happen without anyhuman agency behind them, a sortof spook -world. But surely everyeffect must have a Cause?

Douglas said at Westminsterin 1936:-

"What Social Crediters have inmind is 'to know the truth in orderthat the truth shall make you free,'and I have no hesitation in sayingthat the opposition is concerned tokeep from ,you the truth, so that

Page 5

you shall not be able to see thetruth even when it is before youreyes. Truth is said to lie at thebottom of a well, and the oppositiorlis concerned with keeping truth atthe bottom of the well, and it willdo its utmost to see that it does notget out."

B. M. PALMER.

A NOURISHING MEATLESSDISH.

Ingredients :-One large cupful of grated

walnuts.Ditto grated breadcrumbs,One cupful of milk.Two eggs.One ounce of nut butter.Grated onion.Chopped parsley.

Method-Mix the nuts, bread-crumbs, onions, 'parsley and nutbutter. Pour over the milk, andlastly the eggs well beaten. Putinto a basin, steam for an hour andturn out. Serve with braisedcarrots or tomatoes.

I t can also be served as asteamed pudding, surrounded withboiled pastry; as a filling -instead ofsausage for rolls; served cold withsalad, or as meat _for galantine.

Sent by Miss'T. L. MacCallum,The Cottage, West Parley,

Wimborne.

NEW ZEALAND.CANTERBURY CITIZENS

LOSE A GOOD MAN.Through his action in resigning

from the North Canterbury Hospital,Board, Dr. Hope Pearson, is auto--rnatically expelled from the NewZealand Labour Party. The partyconstitution requires that membersresigning from local bodies niustfirst consult with a Party Commit-tee.

Dr. Hope-Pearson resignedbecause the Social Security Actappeared to him to be a scheme totreat disease, and not one to ensurehealth in the population. .

Social Crediters will appreciatethe doctor's sound reasons forresigning "I could not conscientious-ly sit round the table and put intooperation the provisions of this

Act," he declared. But, hadelectors been alive to their respon-sibilities and insisted on genuinesocial security, they would not havelost the services of a man readyand anxious to serve them.

IIII

,... .,._,................. ~~ .................... ~~ ..

NOTICE.

A claim has recently been putforward· by the Social CreditSecretariat LIMITED to bethe owners of tbis periodical.Major C. H. Douglas and Mr.Miles Hyatt, the Editor andAssociate-Editor of the,periodical since its inception,"wish it to be Imown by sub-scribers and readers thatthey have now no connectionwith that Co~y. '

Newfoundland DeficitNewfoundland was a sovereign

state of the Empire until financialin terests hurried through -legislationin the British Parliament to hand itover to a Commission.

Even the Commission is findingit hard to extract more money fromthe community than it has got.Revenue is falling.

The "Daily Mail" St. John'scorrespondent quotes the St. John's"Daily News"-reputed to be theofficial organ of the Commissioners-as viewing the situation withconcern. It states that a contin-uation of the downward trend willresult in a net revenue of about£2,100,000 at the end of the fiscalyear next June, or £200,000 belowcurrent estimates. This wouldmean, it says, a record deficit forNewfoundland of almost ,£l,ooo,ooo.

It adds that the financialsituation is serious as there are nosigns of improvement in thecountry's economic position, whileexpenditure for the year is thelargest in Newfoundland's history.

..,

From U.R.A.A., Sentinel House,Southampton Row, London, W.C.I.

. 'Phone Chancery 7248.

<-

New LeafletA Leaflet entitled "Bankers

Admit They Create Credit,"records the fact that, in theface of widespread presenta-tion of facts in regard to thecreation of credit by banks,those' people who receivedthese assertions with incred-ulity and denied their truth,have had to "eat their ownwords." It is a moral victoryfor all Lower Rates Associ-ations, and will not be lost onthose hundreds of thousands ofratepayers who are joining inthe lower rates campaign.

Price 2/6 per 100; 11/- for 500;£1 per 1,000.

Quota Discount 50 per cent.

Page 6 THE SOCIAL CREDITER

THE SOCIAL CRED'ITERThe Social Credit Secretariat is a non-party, non-classorganisation and it is neither connected with nor does itsupport any particular political party, Social Credit or

otherwise.SUBSCRIPTION RATES:

Home and abroad, post free: One year 155.; Six months 75. 6d.;Three months 3s. 9d.

Vol. 1. No. 12. Saturday, December 3rd, 1938.

GHOSTS TO W,-,,(T,;,r'K"- .~L~A meeting arranged for Viscount Samuel is thoughtin Liverpool to be a prelude to a wider attempt toresurrect the Liberal Party

Liberalism has been defined (asrecently as 1919) as the doctrinethat the forces inherent in Societyshould be unfettered: that, subjectonly to the viability of their resultsunrestricted by artifice, innovation,invention, and their. growth anddevelopment, should be unlimited.

An event, something whichactualiy occurs in Nature (the re-dundancy is instructive) is possiblythe only final definition of what menmean by 'the Trutht-=or what menwho are not mere linguists mean bythe Truth. Goethe said:-

Das Wahre foerdert; aus dernIn-tum eritwickelt sich nichts, erverwickel t uris nur.-

Truth reveals things; errordoesnot unravel,it onlyentangles.

The idea is n'ot quite the same;but comes near being the same inthe assertion that error won'tunwind. What .is true will unwind(itself) .

The post-war apologist forLiberalism quoted a moment agowas an anachronism; yet he voicedthe conviction which for generationsnow has been exploited by politic-ians. The man who asked: "Is notdiplomacy, unkindly called byVoltaire, the field of lies, as able asit ever was to dupe governmentsand governed alike by grandabstract catchwords, veiling ob-scure and inexplicable purposes andturning the whole world over withblood and. tears to a strangeWitches' Sabbath ?" also rationalisedthe 'liberal conviction' into a gospelof compromise and since his day

(John Morley's) the 'Liberal Party'has been more consistently themachiavellian doper" of itself thaneven the Labour Party which hasreplaced it as the nominal 'opposi-tion' to 'Reaction' with a capital R.To watch 'Liberalism' subsiding intoWhiggism is to watch a process asincessant as the back-flow of sea-water on a beach undercutting eachadvancing wave.

"There are thousands ofLiberals unknown to each other .whose influence ... beneficial tothe Nation and even civilisation,"cries a splash advertisement.Liberals unknown to each other-born Liberals one pictures them tobe, just like born Social Crediters(and no Social Crediter was evermade!) The appeal is addressed tothem; patient, suffering -long-suffering !-individualists, lovers ofblessed Liberty (meaning just whatyou mean, not what Smuts and Edenand Viscount Samuel mean-by-the-bye, do you remember Low's crueldrawing of Samuel on horseback,seated . face-to-tail, not knowing't'other end from which') ?

Three years ago the Partywhich has more bankers to thecard-table than Throgmorton Street,was offered to Major Douglas fora quarter of a million. He consid-ered the price too high, and, ofcourse, any price-two-pence, let ussay-would be too high to pay foran instrument which consists neitherin the will of its individualconstituent parts, nor in the powerof debt to control them but merelyin an advertisable name. If any

great party would sell the powerthat puts it in or out of office fora hundred millions, the nation mightwell saddle itself with this extradebt to be quit of powers and partiesfor ever!

And are all the old "grandabstract catchwords" to be trottedout again, to shake like dead leavesfrom the bent and sapless twigsthat were dazed and dry on pre-warLiberal back benches? It seems so!

And will they make the mouthsof all those "unknown to each other"water?' "History tells us that nogovernment can last for ever." Itseems they have hope-or is itimpudence?

A more insolent gesture canscarcely be imagined than to makethese ghosts walk, only seeming tobe skeletons from cupboards, themere shadows of bones, jostlinginaudibly "-as able as ever it wasto dupe governments and governedalike by grand abstract catchwords,'veiling obscure and inexplicablepurposes and turning the wholeworld over with blood and tears toa strange Witches' Sabbath." Notany longer wholly obscure.

"It was his fancy to invite,Men of science, wit and learning,

Who came to lend each otherlight;

He proudly thought that hisgold's might

Had set those spirits burning."And men of learning, science, wit,

Considered him as you or IThink of some rotten tree, and sitLounging and dining under it,

Exposed to the wide sky."T. J.

NEW ADDRESS

After December 1st, theoffice of the Social CreditSecretariat and the pub-lishing office of .T H ESOCIAL CRED ITER willbe. 12, LORD STREET,LIVERPOOL, 2.

Telephone Banik 5260.

THE SOCIAL CREDITER Page 7

The Tuke CircularsMASK ANDThe cottage larder is more or

less of a general repository.Miscellaneous objects withoutspecified place not infrequently finda temporary home on its uppershelves, properly the location ofj ams and preserves.

A jar of marmalade is required.Opening the larder door I notice afaint rubbery smell, the source ofwhich becomes apparent when theupper shelves are surveyed. Gasmask, approximating in size andshape to preserve jar, is standing inline with the new season's jams.Gas mask, snugly at home in thelarder, centre-piece of the front rowof jars.

"So you," I say, "are the modernskeleton at the feast!"

"J am not," says the mask,imperturbably. "Nothing of thesort. I beg of you not to attachto me any suggestion of the sinister-the macabre. I merely representan aspect-"

"Of an insane civilisation?""Of a stage of industrialism,"

says the mask, soothingly. "Thepresent stage. It gives me the bestpossible right to a place in this well-stocked larder."

"You will need to make thatcontention pretty clear," I saysternly. "My present inclinationis to hang you on a nail in the woodshed."

"You'll admit-"trifle anxious=-vthatClass is a Problem.we're justified insupport it?"

its tone is athe WorkingYou do think

continuing to

"Mv idea was" say I "that itsupported us." ,

"Oh, at a previous -,stage nodoubt it did. ' But now, mechanisedindustry and loss of foreign markets-all that-make ita Liability whichSound Business would like to seereduced. Something is being donein this direction, but the method's aslow one ... " The mask pauses,reflectively. "There's not enoughpopular support for the reallyeffective way-not just at present... So there remains the Unemploy-ment Problem-and hence ME."

"You justify your existence by

MARMALADEclaiming to solve the unemploymentproblem ?"

"I contributed .to its solution. Imade work," says the mask,modestly.

"But, good heavens! So domackintoshes and golf balls andcycle tyres, and hundreds of otherthings for which your materialsmight have been used. Usefulthings! Things people want."

The mask suppresses a grin."Look in the warehouses and shops!Full up! Over-production ! Failingdemand !"

"I could do with a new mackin-tosh myself," I say. "So could allthose poor wretches who call onme generally when it's raininghard to enquire timidly whatnewspaper I read, and will I give upthe Daily Equivocator in favour ofthe Morning Dope. What weneed is more money."

The mask becomes ingratiating:"That's it! That's it exactly. Wages!We were speaking of the WorkingClass."

"I wasn't. Not of whatpoliticians call Labour with acapital L. When I said 'we' Imeant the mass of the nation, in-cluding industrialists, traders, andprofessional people too. We allneed more money. The presentMoney System serves onlythe shareholders of the financialhouses."

."I can't profess to understandthe Money System," says the mask,with a touch of reverence. "AllI know is that it found the moneyfor me and my kind easily enough,and that we are somehow necessaryto ITS purposes."

"Do you mean to suggest thatI shall pay nothing for the undesiredprivilege of housing you?"

"Oh, not yet, not yet. There'sno hurry. By and by when you'reready. When the national mindhas adapted itself to the idea of-er-sacrifices for re-armament."

"Look here!" say I. "There'sa nail in the wood-shed that willaccommodate you quite nicely. Andif the authors of your being askanything in the way of sacrificefrom me, I shall return you to themwith my compliments."

H.C.

Those who have receivedcirculars signed by J. E. Tuke, andissued from his home address,should notice that in the second ofthese, dated November 28th,following the reference to Mr.Gibson's letter to Major Douglas inparagraph 2, Major Douglas's replyshould be inserted.

It was as follows:-14th November, 1938.

A. L. Gibson, Esq.2, Paradise Street,Sheffield.Dear Gibson,

In further reference to yourletter of November 8th, I must firstsay that of course I do not recogniseanything but the de facto possessionof the Limited Company by itspresent council.

Before giving the scheme yousubmitted to me in your letterextended consideration, I shouldrequire that Miss Edwards be re-instated as Secretary for a periodof one month, in the position fromwhich she was improperly anddiscourteously expelled; that thewhole of the paid staff of theCompany for that time be placed ather disposal; and that her salary andany expenses due to the necessityof travelling, which is the result ofthe action of the Company, be paidin advance for that month. MissEdwards's salary is [ ] per annum,and a sum of £10 should be addedto one-twelfth of this to covertravelling expenses, any unexpendedbalance of which will be returned.

It should be understood clearlythat this letter does not constitutean undertaking to negotiate for thereturn to the control of the SocialCredit Secretariat of the LimitedCompany. As I informed you.practically all the difficulties whichresulted from the wholly unjustifi-able action taken by the Council ofthe Limited Company have beensuccessfully surmounted, and anyaction taken along the lines of yourletter will be solely for the benefitof the Social Credit Secretariat andin the interests of the public whohave supported it in a manner which,in my opinion, is most gratifyingand reassuring.

Yours sincerely,(signed) C. H. DOUGLAS.

As Mr. J. E. Tuke did notinclude this, it can only be assumedthat he was not shown a copy.

r<~~~-

Page 8 THE SOCIAL CREDIi'ER

AMERICAN COMMONWEALTHBy modifying its "rights"

under the Ottawa Pact, GreatBritain has ceded to the UnitedStates over £2,OOO,Ooo'sworth ofits Canadian trade. The newpreferences cover chemicals, tin-plate, machinery, diesel-engines, etc.,and, together with concessionsmade exclusively between Canadaand the United States, they seemto offer' considerable scope tofurther U.S. penetration.

Both Agreements reflect thespirit of Roosevelt's recent pledgeto defend Canada against foreignaggression and Mr. MacKenzieKing's echoing declaration that oneof Canada's duties is "to makeherself so strong that no hostilepower can strike at the U.S.,through the (British?) Dominion."

The graciousness with which theLiberal Mr. King recognises hisobligations to Washington is innoteworthy contrast to his attitudetowards the "hostile power" thathas been striking at one of Canada'sown Provinces; and one is temptedto think that in publicly claimingthe right to treat Canada as aYankee vassal and in the Canadianspokesman's recognition of thatright, both Roosevelt and 'Mac-Kenzie King are acting asmouthpieces for men who are toocoy to come out into the open.

From other clauses in thegeneral agreements between therest of the Dominions, India, andthe Crown Colonies, it would appearas if not merely the whole of thetwo Americas, but the BritishEmpire as well, are to become fieldswherein Morgan. and Rockefellerinterests may operate for ultimatefinancial hegemony.

If ever there is an extension ofthe Monroe Doctrine so as to coverso vast an area as the one envisaged,it will require a fair-sized Arma-ment to preserve it from violation.Both Canada and the U.S., mayfind it necessary to speed up theirsupply of 'planes to the BritishR.A.F., and the President of theBoard of Trade will have toreconsider the traditional policy ofproviding English people with workby furnishing two-thirds of theearth with battleships, guns andhigh explosives.

Some good might come out of

THE NEWS GETS ROUNDLieut.-Colonel C. D. Roe, D.S.O.,

has written an article under theattractive fitle : "I See For Myself"in the journal "Eggs:' .

. Can you wonder, he asks, thatthe Hungarian farmer finds itdifficult to buy shoes for himself andhis family, when he sells turkeys to"Britain" for 1/- to 3/- each? Heexpects to send half a million tosell at from 6/- to 15/- each.

"My Hungarian friend," saysColonel Roe, "mentioned in con-versation that the Germans paidmore than twice as much forpoultry products as did our import-

. ers in London."I asked him why in the name

of common s.ense he did not sell hiscountry's whole output to Germanyand leave England alone.

"That is not possible," he said,'for we have to pay the service onloans made by London to our State,and the only way we can do so_isby exporting table poultry, etc., toEngland, and as we are forced to dothis, the London buyers pay just aslittle as they dare. If they paid usless, the only alternative would beto default.'

"This conversation interestedme, so I asked my friend to "tell memore-as I was only an English

farmer, and in the words of ourAmerican companion, 'Englishfarmers-they don't know nothing!'He drew his chair nearer to me, andvery deliberately said: 'Now I willtell you!'

"When the Peace Treaties weresigned and· Europe broken up(designedly) into a lot of pettybankrupt States, the internationalfinancier stepped in and offered theGovernments loans to make theircountries safe for Democracy, whichin plain English means safe for theflotation of foreign loans. Manyof these loans, he said, were made byfinanciers in a purely privatecapacity, and many were given a'gilt edge' by being guaranteed byour and other Governments, and theordinary British public inveigled toinvest their money in them.

"This, of course, had the effectof releasing (at great profit) themoney originally put up by thefinancial interests for further loans-and Vienna was made the clearinghouse for the small countries inCentral and South-east Europe.

This international financialcentre, so he said, had been movedto Prague, the capital of Czecho-Slovakia (I expect it has beenmoved from there now!)"

the evil, however, for the old'methods of financing such "terrificexpenditure" as is involved in aworld-wide application of theMonroe Doctrine, would have to bereviewed anxiously: America'sNational Debt is greater even thanour own. That's natural, ofcourse - America is a richercountry; but perhaps some SocialCrediter would write to Sir JohnSimon and that lot, telling themhow we might re-arm and reducethe figures simultaneously?

W. B.

For THE TRUTH IN ALBERTARead "Today and Tomorrow"

Send your sub. to TODAY AND TOMORROWl016-118th Street, Edmonton, Alberta

Subsceiptions $1.50 a year(at the present rate of exchange about 68.)

You can 'Subscribe by International MoneyOrder, obtainable at any Post Office.

VIEWPOINT

Dr. G. P. Gooch, who may bedescribed as an 'academic "Liberal"historian, said in a recent lecturethat the world had "provedunworthy" of the conception of theLeague of Nations. Human beingshad failed to rise to the idea.

Dr. Gooch, in common withothers still has to learn that ideasmust be made to fit facts, ratherthan that facts should be distortedto fit into ideas. In the samelecture he repeated the hoary fableof the League of Nations "comingto Austria's assistance with a loan."This is the usual orthodox way ofdescribing the League's interferencewith, and veto on- the Austrianmonetary experiments in. agricult-ural subsidies which were, havingremarkable success in raising thegeneral standard of livjng during the'slump' period just after the War.

-M.H.

THE SOCIAL CREDITER Page 9

SPACE RESERVEDBY:

THEADVISORY

UNITED < RATEPAYERS'ASSOCIATION

SECRETARY:JOHN MITCHELL.

A DOC,TOR ON BILLETINGThe possible effects of compul-

sory billeting are vividly describedin this letter from a correspondentwho is a doctor:

"Dear Sir, It is to be hoped thatthe dangers, invited by the Gov-ernment report on the evacuation ofcivilians from towns in times ofemergency, will be more thoroughlyconsidered before any definite planis forced upon householders. Someof the more obvious dangers arethese :-

(I) Children: Next to bodilyharm, the chief danger to childrenis noise coupled with continuouslybroken sleep. They should there-fore. be evacuated to places at least50 miles from London or other largetowns. In the recent emergencythey were to be evacuated to Den-ham (15 miles from London) and toGerrards Cross (20 miles) amongother places. In the latter townthere was at least one anti-aircraftgun.

(2) Adults: The proposal tobillet poor-class refugees in privatehouses seems particularly ill-advised for the following reasonsamong others:-

A. MEDICALi. Refugees may introduce vermin,

venereal disease and tuberculos-is into . otherwise healthyhouseholds.

11. Poor-class communities, whenJiving in their normal environ-ment, establish bacterial im-munities peculiar to their socialstratum. Haphazard distributionof these people among+suburb-an and rural populations willupset this natural balance andwill inevitably lead to epidemicswhich may well be moredisastrous than the air-raids.

111. The hospital and nursingfacilities in areas where thenormal population is' suddenlytrebled or quadrupled will bequite unable to cope with

epidemics-or even with casualillness.

lV. In many areas the water supplyis insufficient for the normalpopulation in peace time.

v. Drainage in many areas is al-ready inadeqf1ate.. In my owndistrict, drainage for some10,000 people or more is byprivate cess-pits, emptied oncea quarter by the Local Auth-ority. These pits are in manycases insufficient to carry thesewage of the present popula-tion. Tn my house, if thestatutory number of refugeeswas accepted, the cess-pit wouldoverflow in less than a monthand would continue to over-flow indefinitely as the cleansingsystem in peace-time is hardly'adequate. Soaking the subsoilwith sewage in an over-crowdedarea will lead to typhoid andother diseases in epidemic form.

VI. Under the proposed conditionsof billeting the rapid checkingof incipient epidemics will bequite impossible.

V11. Epidemic disease breeds panicjust as much as air-raids, e.g.,the Croydon typhoid epidemicand the recent cases of infantileparalysis. Epidemics maybecome generalized and willthen be more detrimental thanair-raids to the efficient pro-duction of war material and offoodstuffs and to the distribu-tive services.

B., GENERAL.i. In houses where refugees are

billeted, the male house-ownerwill, in most cases, be absent onwar service daily or permanent-ly. The mistress of the housemay thus be left alone to dealwith four, five or six poor-classrefugees.

11. The refugees may drink, quarrelor fight-s-how is a woman todeal with them single-handed?They will be under no discip-

line as in the case of billetedtroops and it will hot be possibleto provide additional policeprotection.

iii. The refugees will be short ofmoney. Tn every private housethey will be tempted by thepresence of portable and sale-able-though not necessarilyvery valuable-property belong-ing to the householder. Pettytheft will be inevitable andthere will be nothing to preventviolent assault upon the mist-ress of the house should sheobject.

iv. The householder will have nopower to evict undesirables; andon the other hand refugeescould easily eject a woman fromher own house.

v. In the event of illness of themistress of the house, the housewill be completely in the controlof the refugees. Valuableproperty may lapse into tene-ment conditions and may berendered permanently unin-habitable.

VI. It may be asked whether thehouseholder is responsible forexpenses incurred on behalf ofthe refugees in the event oftheir illness or their death.

V11. The position of the householderin regard to his existing insur-ances in the event of damageto property, fire or theft, dueto refugees, is undefined. Theinsurance companies might wellrefuse liability without addition-al high premiums.

3. REFUGEE CAMPS.

It is surely' more reasonablefrom every point of view that poor-class refugees should remain intheir proper environment by thebuilding of refugee camps withproper camp police, sanitary andmedical staff, so that the spread ofdisease or crime may be immediatelychecked. While the cost may be

Page 10 THE So.CIAL CREDITER

considerable, it is not much incomparison with the total expendit-ure on the preservation of peace.When we are not actually at warthe camps could be used (a) forholiday camps; (b) for "youthtraining" camps; (c) In connectionwith the new penal reforms; (d) forthe temporary housing of popula-tions during slum clearance, and soforth. The present plan, insteadof promoting safety and unity intime of stress, will propagatedisease, disunity and distrust, andeventually might lead to disaster."

More Supression!From a leader in the Daily

Express, November 22:'Pitiless is the scourge of war,

appalling the heart of the bravest.Here is the Earl of Tankerville, forinstance, who has found a newhorror in it.

And what is it that alarms hislordship? Not the bombings. Notthe dangers from the submarine.

No! It is the evacuations!T t is the prospect of having menand women and, worst of all,children, taken out of urban districtswhere they might be bombed andplanted in rural districts where theywill probably be safe.

Some' of these refugees willcome from poor homes, from theslums! . And many of them will bedumped down in the homes of theirsocial superiors, bringing badmanners, bad accents and infectiousdiseases with them.

Such a calamity, thinks hislordship, can only bring in its wakea complete undermining of thepublic morale.

But whose morale, please?For it is a bit hard to see why

the morale of little children out ofthe slums should collapse merelybecause they aren't being bombedand because they have a good roofover their heads and the fresh airoutside.

Is Lord Tankerville thinking ofthe morale of the owners of bighouses near London? Well, theyhave their remedy. Let them takerefuge in the des-erted slums.'

The Daily Express evidentlythinks it wiser not to mention the

At East Barnet, Chelmsford andHaslernere, the Local Council hasallowed ratepayers to inspect theiraccounts. In each case it was foundthat less than ten per cent. of thedebt was held by private individuals,the balance being held by financialinstitutions or the Public WorksLoans Board( a department of theTreasury).

The Municipal Debt at Bradfordis £20,000,000, divided into Stocksand Mortgages. Over £10,000,000of the Stocks are held directly bythe banks.

The following are extracts fromthe Local Government Act, 1933,which show that you have a legalright to inspect the accounts ofYOUR Local Authoritv. Find outwho your creditors are and tell theratepayers.The Local Govemment Act, 1933.

(23 & 24 Ceo. 5. Ch. 51)Part IX., Section 207.

Relating to Mortgages.(6) The register shall be open at

all reasonable hours to publicinspection without payment.

(7) If any person-(a) having the custody of the

register, refuses inspectionof the register to anyperson; or

(h) heing required under thissection to make an entry inthe register, refuses orwilfully neglects so to do,

he shall be liable, on summary con-viction, to a fine not exceeding, inthe case of an offence underparagraph (a) of this subsection,five pounds, or, in the case of anoffence under paragraph (b) of thissubsection, twenty pounds.

Part X. Section 224.Relating to All Accounts.

(1) A copy of every accountwhich is subject to audit by adistrict auditor, duly made up andbalanced, and all rate books, accountbooks, deeds, contracts, accounts,vouchers, and receipts relating tothe accounts, shall be deposited inthe appropriate office of the author-ity, and shall, for seven clear daysbefore the audit, be open at allreasonable hours to the inspectionof all persons interested, and anysuch persons shall be at liberty tomake copies of or extracts from thedeposited documents, withoutpayment.

positive demand with which LordTankerville is associated - thatproper evacuation shelters should beb~h. '

This is what some people call"freedom of the press."

PROF. DENIS ROBERTSON

Mr. Denis Robertson, Reader inEconomics at Cambridge since 1930,has been appointed to the SirErnest Cassel Chair of Economics(with special reference to Bankingand Currency) at the LondonSchool of Economics. He succeedsProfessor T. E. Gregory, who wasappointed Economic Adviser to theGovernment of India last December.

Mr. Robertson, it will berecalled, was Major Douglas'sopponent in the famous broadcastdebate in the summer of 1933.

QUESTION AND ANSWER.

A certain Councillor approachedone of the Lower Rates AssociationManagers with a statement thatBanks never grant local authoritieslong term loans and that, therefore,the L.R. demand was impossible.

This is one of those questionsfor which there is a very completeand short answer, but which, at amoment's notice, may escape theperson questioned. The answer is,of course, that not only should thebanks grant long term credits butthese credits should not be in theform of loans. Because the banksat present do not grant such loansis certainly no excuse whatever whythey should not do so and why such"loans" should not be both "loans"in perpetuity and interest free,except for a small original servicecharge.

THE SOCIAL CREDITER Page 11

A D,YNAMIC LETTERTo the Editor of the Hampshire

Chronicle.

Sir,-Since my letter of a fewmonths ago in which I called atten-tion to (a) the vast volume (over£1,400,000,000) of municipal debt,and (b) the assertion that a largepart of it represented credit createdby the banking system at a merehook-keeping cost to itself, therehave been several further develop-ments, one of local, the others ofmore general interest.

I.-In the first place, my request

U.R.A.A., Sentinel House,Southampton Row, London, w.e.1

'Phone Chancery 7248.

Four Thousand,

Five HundredLOWER RATES Pamphlets

have been sold by U.R.A.A., inunder six weeks.

A NEW and up-to-dateedition has now been broughtout; and no one who reads itcan fail to be moved by theimpressive array of facts,marshalled in lucid argument.

A special Window Bill fordisplay on shop frontages isavailable FREE in limitedquantities, reading - "RATESDOWN BY 50% - EXPLAN-ATORY PAMPHLET INSIDE-Price 3d." Try this on yourlocal shopkeeper, or put ad-vertisement in your localpaper.

A Discount of 50% is avail-able to Quota Associations onquantities of 100 and over or33~% on quantities of 50 andover.

PRICE 3d.

The NEW ERAAustralia's Social Credit Weekly

24 Pages. Illustrated. 12 month.. Ih.

The New Era, Radio House,296 Pitt Street, Sydney, Auatralia.

to our Rating Officer and FinanceCommittee for information as to thetotal amount of our local debt, theannual interest charges thereon, andthe proportion of the debt held bybanks, has been refused, with thestatement that the Committee doesnot consider that the giving of thisinformation would "serve any goodpurpose." To which one may replyby asking :-"Good purpose ferwhom?" It would truly serve myown very good purpose of bringingcertain financial facts to light. Itwould not serve the far from goodpurposes of these interests 'whodesire that they shall remain hiddenin darkness, and whom surely ourworthy Councillors cannot possiblywish to support.

2.-In .the second place, through-out the country, since my last letterappeared, several local authoritieshave had similar questions pressedupon them, and at least three havegiven the information asked for.And what does this informationreveal? In each case it was foundthat less than 10 per cent. of thedebt was held by private individuals,the remainder being held .either bythe Public Works Loans Board (adepartment of the Treasury), or byfinancial institutions, includinghanks.

3.-In the third place, Counsel'sopinion taken in one case made clearthat there is no legal ruling toprevent a Local Authority divulgingto ratepayers the names of thosewho hold their local debt; and it isa fact that a ratepayer can have anauditor inspect all the accounts ofhis Local Authority, and thatAuthority has no ground forrefusing permission to inspect,

This makes the position prettyclear, and the refusal of the in-formation for which I asked is seento be indefensible, though doubtlessmade at the time in good faith. Butif I do not obtain it very soon Ishall have to r eport to your readersaccordingly, and invite all who willjoin me to decline to pay over theirrates to the Council until the in-formation is given. We can makeit clear that we are neither unablenor unwilling to pay, but, on thecontrary, that, the moment thisinformation to which we are legallyentitled has been given, the money

is available for the Council's needs.Clearly, in such a case, no Courtcould grant an order against us,without having to pronounce anopinion on the legality of our claimfor information. And that is iustwhat we want, at least to beginwith.

Allow me to conclude bybegging your readers to take thetrouble to do a little thinking. andto ask themselves what questionscan be of more urgent practicalimportance to us all than this:whether the ratepayers of thiscountry are or are 110t paying awayin rates something like twice asmuch as they need do, if hankswere not receiving high interestyear bv vear for services which asingle payment of about -1 per cent.would sufficiently recompense.

Municipal debts, it is true, areonly the beginning of the tale. Onthe testimonv of the Cunliffe Com-mittee, at least £4,000,000,000 of theWar Loans represents hank-createdcredit. This was a Bankers'Committee. Were they likelv tohave over-estimated? - But let usstart at our own doorsteps withmunicipal matters. Our sloganshould be: drain out the water fromthe municipal indebtedness. Nointerference, of course, with gen-uine loans from individuals. Butno high interest payments for merebook-keeping work. Lower ratesand no decline in social services.When one contemplates theenormity of the imposition practisedupon us for years past, when onesees what is, and realises whatmight be, one is tempted to adaptMvers' lines and sav:-- -

"Only like sheep I see the folkthereunder,

Bound who should conquer, slaveswho should be kings,

Hearing their one hope with anempty wonder,

Sadly contented in a show ofthings."

It is truly a case of "Wake up,Eng-land, or you will he strangledin your sleep."

Yours, &c.,

c. W. SCOTT-MONCRIEFF,

80, St. Cross Road, Winchester.

November 10th, 1938.

Page 12 THE SOCIAL CREDITER

ANNOUNCEMENTS AND MEETINGS

"ViII advertisers please note thatthe latest time for accepting copyfor this column is 12 noon Mondayfor Saturday's issue.

BANGOR (County Down) D.S.C. Group.Meeting' every Monday at 8 p.rn., in theHeadquarters, 65b, Main Street, Bangor.Private sessions by arrangement. Visitthe reading room-keys from caretaker.All enquiries to Hon. Secretary.

BELFAST D.S.C. Group. Public meetingswill be held in the Social Credit Rooms.72, A n 1\ Street, Belfast. The meetingswill be addressed by a different speakereach evening. All welcome. AdmissionF;·cc.

BIRMINGHAM and District. SocialCrediters will find friends over tea andlizht refreshments at Prince's Cafe,Temple Street, on Friday evenings, from(> p.m., in the King's Room.

BLACKBURN Social Credit Study Group. meets each Tuesday ,~t 8 p.m., in theY.~LC.A., Limbrick. All welcome. En-"q::i,;es to Hon. Sec., 47, Whalley NewRoad, Blackburn.

BRADFORD United Democrats. All en-·quirie s welcome; also helpers wanted.Apply R. J. Northin, 7, Centre Street,Bradford.

DERBY & DISTRICT S.C. Asso~iation.Meetings are held fortnightly (Tuesdays)at The "Unity Hall," Room 14, at 7-45p.m. Lower Rates Demand Associationworker-s are invited to attend at above-6-30 to 7-30 p.m., for latest instructions.Campaign Manager. D. & D. L.R.D.:\~socia tion.

LIVERPOOL Social Credit Association:A Public Meeting will be held in Reece'sCafe, Castle Street, on Friday, December16th, at 8-0 p.m. Speaker: R. Oakley.Subject: "The Importance of Knowing."This will be the last meeting of this series.

CHRISTMAS SALE-Proceeds for theLiverpool Social Credit Association. ByMrs. F. Rhodes, at 25, Kelvin Grove, tramnos. 15, 33, 25, 26, 27, and Aigburth 'bus.Christmas gifts, jams, sweets, etc. After-noon tea 6d. On Saturday, December3rd, 3 p.m. to 6 p.m. This splendid in-dividual effort is worthy of the support ofall local Social Crcditers,

LONDONERS! Please note that THESOCIAL CREDITER can be obtainedfrom Captain T. H. Story, Room 437,Sentinel House, Southampton Row,London, w.c.i.NEWCASTLE D.S.C. Group. Literature,The Social Crediter, or any other inform-ation required will be supplied by theHon. Secretary, Social Credit Group, 10,Warrington Road, Newcastle, 3,

PORTSMOUTH u.s,c, Group. Weeklymeetings every Thursday at 8 p.m, 16,Ursula Grove, Elm Grove, Southsea.

SOUTHAMPTON Group. Please notethat the Headquarters have been removedto 8, CRANBURY PLACE, SOUTH-AMPTON. Members please call to seethe new and more advantageouslysituated premises.

TYNESIDE Social Credit Society inviteco-operation to establish a local centre forSocial Credit action in all its aspects.Apply W. L. Page, 74-6, High WestStreet, Gateshead.

WALLASEY Social Credit Association.Enquiries welcomed by Hon. Sec., 2,Empress Road, Wallasey.

WOL VERHAMPTON D.S.C. Group.Fortnightly meetings in the Ante-Room,Central Library.

Miscellaneous Notices.Rate Is. a line. Support our Advertisers.

DERBY & DISTRICT Lower RatesDemand Association. Meetings are heldfortnightly (Tuesdays) in Room 14, UnityHall. Next meeting: December 6th.

--------------~----------------------------.---------------TO THE DIRECTOR OF REVENUE,THE SOCIAL C.REDIT SECRETARIAT,IZ, LORD STREET, LIVERPOOL, 2.

I wish to support Social Credit Policy as defined in the termsof association of and pursued by The Social Credit Secretariatunder the Chairmanship of Major C. H. Douglas.

I will, until further notice, contributer per week

f. : : , 1 per monthper year

towards the funds of the Social Credit Secretariat.

Name , _ ..·Address " _ , ;

The NORTH DURHAM Ratepayers'Advisory Association would welcomesupport, physical or financial fromsympathisers in Gateshead and Districtto carryon their campaign; for LowerRates and no Decrease in Social Services.Campaign Manager, N.D.R.A.A., 74-76High West Street, Gateshead.

UNITED RATEPAYERS' ADVISORYASSOCIATION. District Agent for New-castle-on- Tyne area, W. A. Barratt, 10,Warrington Road, Fawdon, Newcastle-on-Tyne, 3, will be pleased to assist anyoneon new Lower Rates Associations.

UNITED Ratepayers' Advisory Associa~tion. District Agent for S. Wales andMonmouthshire, Mr. P. Langmaid, 199,Heathwood Road. Cardiff.

Buying a Car?

ERNESTSUTTON

Can supply you with new orused cars for cash or credit.

AUSTINSINGER

MORRISFIAT

FORDOPEL

The finest and largest stock ofimmaculate used Rover cars.

Call or Phone MAYFAIR 4748

We do a large used car business'and often have real bargains at verylow prices. Everyone knows thelucky motorist who "picked it up"for £20.It was probably at Ernest Sutton'.

ERNEST SUTTON LTD.24, BRUTON PLACE, w.i.

The Social CrediterIf you are not a subscriber to THESOCIAL CREDITER, send thisorder without delay.The Social Credit Secretariat,12, Lord Street,Liverpool, 2.

Please send THE SOCIALCREDITER to me

Name ..Address .For Twelve Months-I enclose IS/-

Six " ,,7/6"Three" ,,3/9

(Cheques and Postal Orders should becrossed and made payable to "The SocialCrediter."

Published by Tudor JODeS and Mile. Hyatt farthe Social Credit Secretariat.

Offices: 12, Lord Street, Liverpool, 2-Printed by J. Haye. I: eo.. Woaltoa. Li.apool.