ECONOMICS: Good Lord Halifax

For tartness in contemporary political verse, "Sagittarius" of the London New Statesman easily tops the world. Last week she wrote carols that British Members of Parliament and American Congressmen might suitably sing to each other. After the British sang their thanks for "a gift with strings a-dangling," the Americans were to reply with "Good Lord Halifax" (to the tune of Good-King Wenceslas).

Lend her gold and lend her goods, Much can be afforded, Christmas trees from Bretton Woods, She must be rewarded. . . .

Congress will make blessings sure, Britain's need relieving, Lend at...