Is looking forward to Crewe's visit in May and is pleased at his recovery. Describes a visit to Violet Milner.

Considers that the Disarmament Conference will be a failure.

Refers Crewe to an article in the November number of "National" by O.K. Webber. Is assisting Jabavu to fight for Native electoral claims. Thinks young people should emigrate to South Africa because land is cheap there. The Milner Papers vol. 2, will be out in the Spring. Recommends that Crewe should meet Lord Lloyd.

Lord Selborne is unable to understand the South African Party's anxiety to rescue Hertzog from "the consequences of his blunders". Selborne discusses unemployment in Britain and the political situation. Also discusses political situation in Germany, in the U.S.A. and Britain's economic situation.

Acknowledges Crewe's telegram regarding Byron and asks Crewe to support Byron. Realises that the "Dispatch" is against coalition, but feels that a racial truce would benefit South Africa and the British cause.

Smuts anxious for Byron's nomination as candidate.

Is discussing the 1820 Association with Robert Struben. Hopes that Woodin will be a success. Personal news.

Discusses the Economic Conference and the uncooperative attitude of the U.S.A.

Is pleased that Crewe approves of Woodin as General Manager. Gives reasons for the failure of the World Conference and Roosevelt's attempt to stabilise the internal value of the dollar. Leven gives his impression of the U.S.A.

Is sending Crewe a copy of Douglas' report of a visit to some settlers. The farmers round Nylstroom and the Springbok Flats will be assisted financially. Was unable to address 1820 Association meetings in Durban due to the uncooperative attitude of the local Chairman, Mackupton.

In April, Webber discussed with C. Davies and Walter Hudson the matter of Ainsworth's will. A private Bill will be introduced next session to alter the terms of the will so that people from England, already settled in South Africa, can be helped.

Asks Crewe to refer in the Daily Dispatch to some of the facts contained in the "Milner Papers". Crewe does not need to fear that Britain will peg the pound to the dollar. MacDonald lost prestige over the Economic Conference and Baldwin lost Conservative Party support due to his attitude over India.