It was the Author's privilege to spend some time in the service of his Order in Brazil, and his account of monastic life in the tropical surroundings is full of interest. At Rome, again, he describes in vivid phrases several picturesque religious functions which he attended, and wherever he goes he finds fresh material for shrewd and kindly comment.

IS GERMANY PROSPEROUS?

By SIR HENRY PENSON, K.B.E., M.A.,

FORMERLY CHAIRMAN OF THE WAR TRADE INTELLIGENCE DEPARTMENT AND
DIRECTOR OF THE INTELLIGENCE SECTION OF THE BRITISH DELEGATION
TO THE PEACE CONFERENCE, PARIS, 1919.

AUTHOR OF "THE ECONOMICS OF EVERYDAY LIFE."

Crown 8vo. 3s. 6d. net.

This is a question which every intelligent person is asking, and to which the answers supplied through the ordinary channels of information are widely divergent and confusing. Sir Henry Penson is a very shrewd observer well-qualified by training and experience to sift evidence and form an impartial judgment on facts and arguments. In addition, he is a very lucid economic writer and explains clearly the influence of the exchange position upon the situation in Germany at the present day.

The Author visited Germany only a few weeks ago, and was helped in his investigations not only by British officials in the Rhineland, but by Germans of high position in industrial and commercial circles whose statements he checked carefully. One has only to read his chapters on Prices in Germany, or on Incomes and Standard of Living in order to appreciate the value of his evidence, and of the conclusions at which he arrived. They have, of course, an important bearing upon the vital question "Can Germany Pay?"

RECENTLY PUBLISHED.

MEMORIES AND NOTES OF PERSONS AND PLACES.