Success to your meetings. Future of this country depends on breaking up the land monopoly—it withers the land, depresses wages, destroys independence, and drives millions into dwellings which poison their strength. Godspeed to every effort to put an end to this oppression.

Quite frankly, the Government were afraid of facing cold steel... The Home Secretary has been delivering a great many speeches recently about the Red peril. It really is no use barking at the Red Flag every time it cracks in the wind, whilst his chief is engaged in humbly gliding the flag staff—and with standard gold. Really it is very sad to see the Chancellor of the Exchequer assisting in that operation. He was very eager to fight the Reds on the Volga. I am very sorry to see him running away from them on the Thames and leaving his purse behind.

We have had two Baldwin Governments... The mischief they have done not merely remains, but continues to spread. That terrible debt settlement—we are only now beginning to realise what it means. We were lassoed fast to American finance. What is the result? We have been dragged over the course by the wild horses of Wall Street. That gold standard settlement—premature, ill thought out. (A voice.—"No.") My friend there will never go into the new Jerusalem unless he is quite sure the golden gates are there and that the streets are really paved with the gold standard. (Laughter.) It is rather a mockery for our export trade to be kicked down the ladder, even with golden slippers. (Laughter.)

Dumping is the exporting to this country of goods from a foreign land under the cost—beneath the price at which they are sold in their own country. There could be only one object in doing that, and that is to make war upon a particular industry in our country. That is unfair. ... In the interests of fairness, as well as in the interests of British industry as a whole, the Government have decided to submit to Parliament proposals which will effectively deal with dumping in the sense in which I have defined it.