To-day the Food—Ministry estimates were taken in the House. There was the usual abuse of the Government by people who think that the Cabinet controls prices, but on the whole most people seem to realize that we are at last turning the corner. All would go well if only people would work up even the level of their pre-war. capacity. Still, if prices fall all round ever so slightly, it will check the demand for extra wages, and if this stops I think we shall very soon right ourselves. It is the first time since the war that in respect of prices I have been able to write with some confidence and hope.
Text read from the printed page and cleaned; old type leaves the occasional error.