FINANCIAL 



THOSE who look at everything through golden 

 spectacles, and who value everything by its 

 weight in gold, will eagerly ask " Will these 

 schemes pay ? " 



The building of Dreadnoughts does not pay in 

 their sense of the phrase, but Dreadnoughts are 

 necessary for the defence of the realm, and 

 " Defence is of more importance than opulence " 

 (Adam Smith). The land reform herein sug- 

 gested is as necessary for defence as the strongest 

 navy, and the money spent to carry it out should 

 be treated as a war expenditure or war insurance. 



Other critics will assert that most of the grass 

 land in question is not fit for cultivation, and 

 that it will not pay to cultivate. Let these 

 critics take with them a few Belgian agricultural 

 refugees and examine the worst of the land, and 

 their doubts would soon be removed by men 

 who have been accustomed to turn desert land 

 into fruitful market gardens. 



Another class of objectors will and do ask why 



79 



