THE KING TOLD MORRISON: ‘YOU ARE

-.. NATIONALIZING TOO FAST”

TuosE Labour Party people who try to soothe their erstwhile republican consciences by constantly repeating that ‘the monarchy is not an issue’, could do worse than read ‘King George “VI..His Life and Reign’ by John Wheeler-Bennett (Macmillan 60s.). -The late King had the habit of keeping a diary and passages reproduced from it show the part the monarchy plays in keeping Britain safe for capitalism.

When the Conservatives are in power, there is very little meddling from the throne in affairs of government. There is no need for it.

The reigning monarch, by upbringing, background and the very position he holds, thinks along the same lines as the members of the Tory government.

Thus we find that Neville Chamberlain frequently never bothered to inform the King of important decisions. . George VI had to learn from the Beaverbrook and Harmsworth Press about Eden’s resignation in 1938.

Similarly, Chamberlain never sought the King’s permission, as he was constitutionally obliged to do, when he left for the notorious Munich conference with Hitler, Mussolini and Daladier.

But when Labour came into power in 1945, it was a different matter. The King received the election results with trepidation.

Like a true product of the public school system, he thought the electorate had behaved meanly in rejecting Winston Churchill—just as in’ 1940, when the House of Commons turned against Chamberlain, he felt:

‘It is most unfair on Chamberlain to be treated like this after all his good work. The Conservative rebels like Duff Cooper ought to be ashamed of themselves for deserting him at this moment.’

were specially washed down-—but only those on Her Majesty’s route. Those she did not see got. only their usual dusting. :

In the large. canteen masses of flowers were provided—but only in one half. The half she did not see was as bare as usual, To make sure that royalty really knows what the inside of a factory is like, the air was perfumed. oe The canteen was instructed not to cook fish and chips on the day of the visit, and workers were told not to bring fish and chips into the factory during their dinner-hour.

Some women who were chosen to meet the Queen were told to wear white gloves, in case they were privileged to shake hands.

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And in several places visited by the Queen, special lavatories were constructed.

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FOOTNOTE: Latest figures show 5.1 per cent. unemployment in the textile industries. selves, or if the Wall Street boom collapses, the process could run in reverse.

The petering out of the effects of increased Federal spending and home building, or the raising of interest rates, might contribute to this effect.

(3) A PROLONGED RELATIVE STAGNATION.

If new investmest projects are not enough to produce ‘a strong boom, the economy might tick over at an in-between level.

Unemployment, instead of falling back to its pre-depression level, would remain at 3 to 4 million. Excess Capacity and lack of new markets would hold back investment in a vicious circle.

_Lack of confidence could deter consumers from taking on bigger hire-purchase agreements, thus hitting. manufacturers of consumer durables and cars.

Although government spending can stave off acute crisis, at least under certain conditions, there is no proof that it can give an ailing system that shot in the arm which will enable it to reproduce the vigorous activity of the 1950s, On the other hand, it would be unwise to assume, as. some Marxists did in the thirties, that a renewed expansion is ruled out altogether. It is difficult, however, to see where such aa impulse can come from; and it is doubtful whether it can come at all from the capitalist mechanism itself, For the immediate future swings and uncertainty, possibly