Letter to the Editors from the May 1931 issue of the Socialist Standard
A reader asks if we would favour the abolition of the £150 deposit which Parliamentary candidates have to find before being allowed to run, and if Socialists in Parliament would try to secure its abolition.
The first point to consider is whether or not the obligation to deposit £150 is a barrier to the spread of Socialist knowledge. It certainly is true that the present law does prevent the Socialist Party from running candidates at Parliamentary elections, but the importance of this disability must not be exaggerated. If there were any constituency in which Socialists had become so numerous that they were somewhere in the neighbourhood of a majority, there would be no risk of losing the money and the problem of finding £150 for a few weeks would not be insuperable. The extent of the disability is, therefore, that we are at present deprived of an opportunity of putting forward a candidate and thus making the most effective use of the elections for propaganda purposes.
The second point concerns the actions of Socialists in the House of Commons towards the abolition of the present restriction. But surely it begs the question, since the Socialists in Parliament could only have got there by showing that the obstacle of the deposit can be surmounted. By that time some of the capitalist parties will, perhaps, be feeling the pinch and want the deposit abolished, not for our sake, but for their own.
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