13 NOVEMBER 1915, Page 2

In this context we may note a Reuter telegram published

on Thursday which states that the loan by the British, French, and Russian Governments to Greece has already been placed at the disposal of the Hellenic Government. The matter, we are told, was the subject of negotiations when M. Venezelos was in power. We are glad to hear that we have kept our word here in spite of the fall of M. Venezelos and the change of attitude on the part of Greece. A very curious feature of the situation is that Germany does not venture to bullish Greece for not only allowing the Entente Powers to use her ports, but actually facilitating the work, and now accepting a loan from them. All these are of course hostile acts, though hostile acts of a feeble character. That Germany does not strike or even snarl is a proof of how ticklish she finds her position in the Balkans.