15 AUGUST 1925, Page 2

The Reply will first be submitted to Belgium and Italy,

biit if all goes well the Germans should receive it in a few days. We hope it will not be found in the end that Mr. Austen Chamberlain has given too large a power of decision to France as regards aggression ; but it is rumoured that the principle is conceded that in cases of "' flagrant " aggression action may be taken under the Pact without immediate reference to the League.i Anyhow, the Reply just agreed upon is certainly friendly in tone, and the prospect is that Germany will be ready to join in a general discussion. This could not well take place till the League has met next month..