Stapley House, 33 Bloomsbury Square, London, W.C.1.—Thanks him for the book (see 2/79). Urges the importance of the subject of his memorandum (on currency) and comments on aspects of Pethick-Lawrence’s draft resolution (on financial policy).
Has sent him Pell’s book (The Riddle of Unemployment and its Solution). Has not made up his mind about Horobin’s memorandum (on currency), but McKenna agrees with it. Encloses his draft of the financial policy for the Labour Party, together with a copy of an explanatory letter to Dalton.
Thanks him for his criticisms (see 2/77), but points out the distinction between the memorandum and the questions, which are merely suggestions to be considered by the committee. Passes on comments on the questions by Lloyd and Wise.