And every other article of food would go up in price at the same time: tea, coffee, sugar, meat, canned goods, cheese, would all double their prices.

And we must not forget that we import millions of pounds' worth of eggs, butter, and cheese from France, all of which would be stopped.

Nor is that all. Do we not pay for our imported food in exported goods? Well, besides the risk and cost of carrying raw material to this country and manufactured goods to other countries across the seas, we should lose at one blow all our French and Russian trade.

That means that with food at famine prices many of our workers would be out of work or on short time.

The result would be that in less than half a year there would be 1,000,000 unemployed, and ten times that number on the borders of starvation.

And all these horrors might come upon us without a single shot being fired by our enemies. Talk about invasion! In a big European war we should be half beaten before we could strike a blow, and even if our fleets were victorious in a dozen battles we must starve or make peace.

Or suppose such a calamity as war with America! The Americans could close their ports to food and raw material, and stop half our food and a large part of our trade at one blow. And so we should be half beaten before a sword was drawn.

All these dangers are due to the commercial plan of sacrificing agriculture to trade. All these dangers must be placed to the debit side of our foreign trade account.

But apart from the dangers of starvation in time of war, and apart from all the evils of the factory system and the bad effects of overcrowding in the towns, it has still to be said that foreign trade only beats agriculture as long as it pays so well that we can buy more food with our earnings than we could ourselves produce with the same amount of labour.