14 JANUARY 1922, Page 1

The papers of Thursday contained the draft proposal for guaranteeing

French security. It provides that we should help France with our whole naval and military forces in the event of direct and unprovoked aggression by Germany against France. It also provides that France and Great Britain shall make them- selves responsible for the protection of Belgium against unpro- voked aggression by Germany. Belgium, of course, no longer " enjoys " the general guarantee which was of so little use to her before the War. Rumour has discovered much else in the agreement, but the truth is that the draft contains in definite language only what we have said.