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NEWS OF THE WEEK.

SINCE last week, thanks to the peculiar course of the negotiations about Italy, Greece and Corfu, there have been violent fluctuations between optimism and renewed anxiety. The belief that a settlement had been reached has yielded to a feeling that the situation, after all, may be no better than it was. The first fact to record in the order of events is that the solution, or attempted solution, took the form of proposals by the Ambassadors' Conference in Paris, which were sanctioned by the League of Nations. In substance, the plan of the Ambassadors followed suggestions which the Council of the League itself had made. The document was signed by the Italian Ambassador to France, as a member of the Conference.

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