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Memorandum by Ellis & Ellis.

Written from Hôtel des Îles Britanniques, Rue de la Paix No 5. A pencil note at the bottom assigns this letter to Thomas Babington Macaulay, but he was in India when it was written.

Stintenburg, Mecklenburg Schwerin. - Condolences on the death of Lady Houghton

Death of Edmund Bickersteth: Cape Town

Crear Cottage, Morningside Drive, Edinburgh - Sends notes on 'The Golden Bough' and says her sister saw golden mistletoe hanging up in front of houses in Brittany in June.

2 ms. drafts of letters to Pease, one incomplete.

The Treasury -

40 Weymouth Street - suggestion for tuition in farming. a fall on slippery ground

'Manifesto press conference briefing' for launch of Conservative manifesto (17 Sept 1964) with copies of Labour and Liberal manifestos, later Conservative Research Department briefing material, Central Office Election Memoranda and Questions of Policy (incomplete series), texts of Party Political Broadcasts of the three main Parties with notes for RAB;s broadcast on 10 Oct 1964, press cuttings from period of campaign, standard letter of encouragement from Prime Minister, Property Council notes

Correspondence with President of Academy.
Offprint of published paper.

Includes correspondence with D. Gabor, and various drafts and reprints by Slepian.

Marked.

Refers to Sidgwick's work on Political Economy, and reports that, on his first perusal of it, he had somehow overlooked 'the remarkable passage on p: 527. para: 4', the subject of which has a bearing on his current study. Ventures to ask several question in relation to the ideas contained therein. Refers to Sidgwick's assumption that the State 'would [contract] industrial operations more profitably than private persons'; Mallet presumes that existing interests would be bought out for a sum of £5000 to £6000 million, and that the interest would be in the region of £150 to £180 million. The difference between the sum and the profits 'would be the income of the State.' Asks how Sidgwick prepares to deal with this sum, which would be 'not much less than the [ ] taxation both imperial and local', and which applied in relief of taxes 'could not fail to stimulate population and increase the demand for work - with no additional [supply] to meet it.' Queries Sidgwick's supposition that the profits would be much greater, and asks how he would divide the sum among the members of the community. Suggests that the production cost involved would inevitably lead to 'a gradual absorption of all net profits in gross.' Asserts that there would be a class 'with an income of 150 or 180 millions living without work', which would, by saving and investing its money in the United States and Australia, 'might still escape the doom which [Sidgwick] propose[s] for them [sic]'. This money, Mallet predicts, 'would be gradually supplemented by the savings of the salaried officials, who would also invest them abroad', and there would again be a rich class in being. Asks whether, if an international agreement and the internationalisation of the land and instruments of production all over the world are contemplated, there is any way by which the net product could be decided. Refers also to 'literary men and artists' and 'Bankers and Merchants'. Confesses to being 'hopelessly bewildered', and wonders if he has totally misunderstood Sidgwick's meaning in the matter.

2 pp. typescript and MS, n.d. but probably early work at Liverpool.