13 MAY 1922, Page 2

Although purely political matters at Genoa are in such a

terrible tangle, we need not rule out the possibility that unofficial or semi-official arrangements have been made which will turn out to be fruitful. We imagine that the camp-followers of Genoa, who represent great trading interests, and who are not in the least alarmed by the, failures of statesmen, because they never set much store by the political programme, have been " getting together." A particularly- interesting announcement is that Colonel Frederick Grippe, who is associated- with the. banking firm of Messrs. Boulton and with the Beecham: Trust, has signed a contract with the Soviet Government for rebuilding a considerable part of Moscow. The Germans seem to be already at work in Petrograd, but apparently if Colonel Grippe's scheme goes through British firms will have a job at Moscow which will involve several millions of money and last for years.