PREFACE

Ax a time when Finance is of greater importance than
ever before, it is hoped that this small volume may be
of interest and value to the public, and help the
application of war's lessons to the problems that face
us in peace.

The contents, with the exception of the last article
on " Money or Goods? " (which appeared in the Trade
Supplement of the Times for December, 1918), have
already been published in Sperling's Journal, from
September, 1917, to March, 1919; they have been
left as they were written, except for a few verbal
corrections.

I desire to express my thanks to the Editors of
Sperling's Journal and of the Times for their kind
permission to reprint the articles.

H, WITHERS.

June, 1919.