commercial treaties with France and assure for ourselves a really
favoured nation relation that carries the guarantee of a permanent
foreign trade now so necessary to our permanent prosperity.

In the last analysis you will find that it is France and not England to
whom we must look for the larger commercial kinship after the war. The
spirit of the awakened Britain, so far as we are concerned, is the
spirit of militant trade conquest: the dominant desire of the speeded-up
France is benevolent Self-Sufficiency.

Whether England realises her vast dream remains to be seen. But one
thing is certain: No man can watch France in the supreme Test of War
without catching the thrill of her heroic endeavour, or feeling the
influence of that immense and unconquerable serenity with which she has
faced Triumph and Disaster. They proclaim the deathlessness of her
democracy, the hope of a new world leadership in art and craft.

She will be a worthy trade ally.




V--_Saving for Victory_


By making patriotism profitable, England has enlisted an Army of Savers
and launched the greatest of all Campaigns of Conservation. No contrast
in the greatest of all conflicts is so marked as this flowering of
thrift amid the ruins of a mighty extravagance. The story of Britain's
"Economy First" campaign is a chapter of regeneration through