Many recognize in Mr. Hilaire Belloc not only gicat achievement of literary genius, with sincerity and courage, but also a realistic judgment of practical allairs which has over and over again been proved right by the logic of events. His considered verdict, on the claims of Social Credit is therefore an event of sonic importance. It is given in an article published over Mr. Belloc's name in G.K.’s Weekly for June 14th.

Few men of Mr. Belloc's generation seem to be still capable of the mental application, the few houi-s of serious reading and critical thought, necessary to form an opinion of their own about monetary reform. Some distinguished contemporaries of his are still unable to take in (for instance) the ordinary quite undeniable facts of credit-creation; or again, they cannot hold steadily in their mind (even when the); have perceived and admitted it) the fact that abundance of production has now abolished all excuse for poverty.

None of these failings can be imputed to Mr. Belloc. He realizes fully that we have entered upon a new’ epoch in the world's history; the long ages 01 scarcity, of man’s desperate struggle to gain a living, are over; for good or for evil, the age of plenty has come.

Science and invention, he says, have ‘made a vast increase of production possible. We have conic to an era of potential ahundance . . . This is even true, in a large measure, of organic raw materials . . .