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We had spirited sham fights with another battalion of the Manchesters for the possession of "Tower 16," a solitary landmark on the caravan track to Cairo, after the manner of the pre-War era. The Sentry blossomed as the first English paper of the country. Two thousand copies used to be sold at Suez alone.
She was burdened with a national debt which had risen from 645 millions in 1914 to 7,800 millions in 1919. The pre-war expenditure of L200,000,000 per annum on the navy, army, and civil service pensions and interest on national debt had risen to 750 millions.
Whatever their pre-war associations, if any, with the War Ministry, hostilities must have found them keenly alive to the possibilities of their unique research and organic chemical producing facilities. It is inconceivable that this military personnel should not have greatly assisted the I.G. in its operations, inventions and general assistance for the army.
Reflex actions and the speed thereof were checked and I suppose that a general assessment of physique was made, anyway a couple of days later I was bound for Westward Ho on the north coast of Devon with all my kit. My destination was a pre-war holiday camp, taken over by the military but the holiday spirit was gone and the conditions were spartan.
SIR HUGH ELCOMBE spent a most interesting and instructive day within the Fortress of Haudiomont. He really did not want to go. The visit bored him. The world was at peace, and there was no incentive to espionage as there had been in pre-war days.
In the first place, we have always to remember that these figures are in after-war pounds, and that the after-war pound is, thanks to the profligate use by our war Governments of the printing-press and the banking machine, just about half the size, when measured in actual buying power, of the pre-war pound.
It is not merely that British shipping at present so lamentably paralysed and denuded of earning power cannot be restored to prosperity without a large resumption of international exchanges: a large proportion of industrial employment unalterably depends upon that resumption. And it is wholly impossible to return to pre-war levels of employment by any plan of penalising imports.
As to 18-pounder ammunition, in 3 weeks " Field howitzer " in 2 weeks " Medium gun and howitzer ammunition, in 11 days " Heavy shell, in 4 days We are sending over to France every week as much as the whole pre-war stock of land service ammunition in the country.
In the fourth place, pre-war contracts between Allied and German nationals may be canceled or revived at the option of the former, so that all such contracts which are in Germany's favor will be canceled, while, on the other hand, she will be compelled to fulfil those which are to her disadvantage.
Those champions of the Government methods of war finance who maintain that we have, during the past year, multiplied the pre-war revenue, of roughly, £200 millions by more than 3-1/2, so arriving at the present revenue of over £700 millions, are not comparing like with like.
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