It contains some of the most memorable short stories by Enid that I've ever read. "The Quarrel in the Playroom" is one with a very strong message against conceit and jealousy and contains some of the worst-behaved toys — not just naughty, but downright malicious — that Enid ever wrote about.
There's also a story championing the quiet and shy among us ("A Noise in the Night"); a heartwarming tale of a boy whose compassion not only saves an injured dog but transforms the dog's apparently mean and unkind owner ("The Very Fierce Carpenter"); an anti-graffiti yarn ("Mr Squiggle"); a story from our old friend Bobs ("The Great Big Bone!"); a heartfelt plea for abused or neglected animals ("A Lark in a Cage...")... those are just a few of the highlights, but if you find a copy of the book, it is well worth reading.
EDIT: Ah, I see Rob's got in before me with a few other recommendations!
I now have the dust jacket edition that Pete posted above. 
), I'm rarely consumed with remorse over something I could have bought and didn't. But one thing that nags at my memory is something I found literally only a few weeks (if that) before I left Australia for Britain. It was in Canterbury — not your original Canterbury, of course, but Canterbury the suburb of Melbourne, which is a few stations down the line from where I used to live and has a lovely old main shopping street (Maling Road) with a real village atmosphere. (Yes, I would hang around there and try to pretend I was in England already. It's not really that much like an English village, but it's about the closest one can get in Melbourne.)
(The one I found that day didn't have a dust jacket.)
