My dear Prime Minister,
With the House not sitting and with a number of Ministers away on holidays, there is nothing of any special interest to report this week.
The preliminary final trade returns for Great Britain for 1926 have just been published and naturally make a very depressing statement. It is noteworthy that the month of December was worse than the month of November, so far as exports were concerned, in spite of a fairly marked revival in the coal export trade.
I was speaking to Mr. J. H. Thomas  today and he commented upon the extremely favorable impression which you had made in all quarters during your visit, contrasting the result of your 1926 visit with that of 1923. Mr. Thomas tells me that he is very interested in the whole question of Empire marketing and has asked me to meet him next Tuesday to discuss some problems in relation to marketing of apples.
In case you should desire to make any use of them, I am enclosing herewith 6 verbatim copies of your speech to the British Farmers.
I have sent a copy to Mr. Paterson  but I thought you might care to distribute some of the others to members of the Cabinet.
IMPERIAL ECONOMIC COMMITTEE
So far as the Imperial Economic Committee is concerned, I am not aware as to whether Chadwick  has finally decided to accept the offer which Amery  has made to him for the position of Secretary. I certainly hope that he will agree to act.
Mackinder  has gone to New York and will not be back until the first week in February, when it is proposed to have the first meeting of the Committee.
In the meantime a Sub-Committee on Eggs and Honey is sitting and getting to a stage when its report can be considered.
EMPIRE MARKETING BOARD
The first meeting of the Main Board in the New Year will, I think, be held on the 2nd February and I have arranged that the confirmation by the Board of the proposal to establish, on a 50-50 basis, a Tropical Agricultural Station in Northern Australia will be on the Agenda. I will cable to you as soon as the meeting has taken place.
THE LIBERAL PARTY
To any one with your experience of politics, the enclosure entitled 'A Liberal Document' will be a source of very considerable amusement. It is amazing that any one officially connected with the Liberal Party could have issued such a statement to the press.
Yours sincerely, F. L. MCDOUGALL