14 JANUARY 1922, Page 2

The Allied representatives then adopted the resolution proposed by Mr.

Lloyd George. It declared that the develop- ment of the resources of all countries was necessary to increase employment and relieve the widespread suffering of Europe. All nations must cooperate to this end ; obstacles in the way of trade must be removed, and substantial credits must be pro- vided for the weaker countries. The resolution stated that, while each nation had a Light to govern itself in its own way, foreign investors must be assured that their property and rights would be respected. Countries desiring foreign credits must recognize their, public debts and establish an honest judicial system. All nations should undertake to refrain from political propaganda in other countries and from military aggression. The Allies would not recognize Bolshevik Russia except on these conditions.