When the Supreme Council of the Allies met at Cannes
on Friday, January 6th, Mr. Lloyd George proposed that all the European Powers, including Germany and Russia, should be summoned to an economic and financial conference, in February or early in March—perhaps at Genoa—and that the Prime Minister of each nation should, if possible, attend in person, so that prompt action might be taken. In the speech introducing his resolution Mr. Lloyd George dealt first with reparation. The Allies must agree among themselves, each must recognize that the others had suffered, and all must face the fact that it would benefit no one to make Germany bankrupt. But Germany's case could not be considered apart from the collapse of Eastern Europe, which affected her trade and ours: The Allies must make an effort to restore those countries which used to contribute to the general wealth of the world.
