15 JULY 1922, Page 2

The Hague Conference has resolved itself into a series of

conflicting interrogatories. The Bolsheviks continue to ask for immense credits, and the European delegates repeatedly inquire what security they offer to the foreign investor. M. Krassip. last week repudiated his alleged promise that nine-tenths of the foreign properties in Russia should be restored to their owners, the remaining tenth being compensated. On Monday he said that the Bolsheviks would grant agricultural concessions in an area of 15,000 square miles—in-establishing, that is to say, some of the large private estates which the peasants appro- priated five years ago. On Wednesday Litvinoff made so evasive a reply to the plain question whether the Bolsheviks would let foreigners resume possession of their properties that Sir Philip Lloyd-Greame adjourned the committee, with a hint that it might not meet again. It is hard to believe that anything will come of the conversations at The Hague.