This book presents an authoritative and exceptionally comprehensive analysis of world affairs. It is of special interest in several ways. Written by the foreign editor of the Manchester Guardian, it presents the facts in such a way as to show the forceful considerations which underlie Chamberlain's foreign policy and which make it comprehensible to the liberals whom it so shocks.

These considerations are in part that the extreme vulnerability of England makes the preservation of the Empire and the Pax Britannica so necessary and so difficult, that idealism, or any