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THE first edition of this book was written in August 
and September, - "~~ “cfore T knew that the war 
was at last corr'- zn end, and it was nublished 
soon after {11. 
In this cour*- : evil of over-issue of currency 
had not »ro~-sse ararly so far as in several others, 
and ir © 7 he :-ubsequent experience of 
Russia, .. _.2 Pelind the British note issue 
of that ‘mc ~% quite '~i”ing, converted into 
marks at tic c- or rate . © ‘weoty to the pound 
the whole arm.ont itil. °° was then only a 
trifling fraction ¢ ’.- ular _. marks which were 
added each C:v _. (ae Zc”-nr -rencyin the autumn 
of 1923. B:~ a- = chet a little cloud 
no bigger than ;¢ the herald of 
a storm, and (he I'v -pecially alarm- 
ing by the amc ~ ~revaued even 
in most “ex: paper pounds 
which, thougl. ... !d <oin had 
long ago been ..G Lion paid 
out by thr TLTIIUS Uwelve 
months at .u =i of a 
million pound. ~ . _. _.vemn- 
ment apologists. © nyt oe" Ticials.