16 AUGUST 1924, Page 2

Finally we trust that Germany as well as France will

not forget for an instant what terribly important issues depend upon the success of the Dawes scheme. From the German point of view it 'would be wholly gain for Germany to have to pay reparations according to her capacity under a regular and continuous system of international control instead of being exposed to demands for impossible sums at irregular intervals. Moreover, if the Dawes scheme works the payments will be made in such a way as not to cause earthquakes in the German currency. The Dawes Report offers the best opportunity that Germany has ever had, or is ever likely to have, to put her financial house in order. It is all so clear that France and Germany must know it. We do not believe that we are now going to be cheated by madness.