16 APRIL 1927, Page 3

When we wrote last week of the new Treaty of

friend- ship between Italy and Hungary the text had not yet been published. The Rome correspondent of the Manchester Guardian says that the Treaty contains only five articles. The first clause reads : " There shall be constant peace and perpetual friendship between the kingdoms of Italy and Hungary." Other articles provide for the settlement by arbitration or conciliation of every dispute which cannot be composed by ordinary diplomatic means. The Treaty nominally lasts for ten years, but it is to be tacitly renewed unless it is denounced a year before its expiration. Many French newspapers arc filled with suspicion and fancy that the Treaty masks some sinister plot. The Temps, however, thinks that the Treaty may be taken at its literal value and that it will do nothing to harm the peace of Europe.

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