Memorandum by Ralph Hawtrey [Director of Financial Enquiries] to WSC about John Maynard Keynes' article [CHAR 18/40/76-77] on the views of [Reginald McKenna, Chairman, Midland Bank, see CHAR 18/40/62] covering various subjects including: relations between price levels; Keynes' figures and figures on wages, prices and cost of living; falling prices and credit contraction; economic depression; Keynes' proposal to divert labour and capital away from export.Typescript signed with initials.