10 JANUARY 1903, Page 1

NEWS OF THE WEEK.

DRESIDENT CASTRO has signified his readiness to sub- 'mit the dispute between Venezuela and the Powers to the decision of the Hague Tribunal. This marks a real step in advance, for although at the time of writing it is not quite clear whether President Castro has consented to the conditions antecedent to arbitration, there is good reason to suppose that this difficulty will be satisfactorily adjusted. The announcement of the retirement of Dr. von Holleben, the German Ambassador at Washington, may be also noted in this context, as an event calculated to promote more amicable relations between the Old World and the New.