21 AUGUST 1915, Page 2

The Manchester Guardian of Tuesday publishes a full account of

the secret Memorandum recently presented to the German Chancellor by the chief agrarian and industrial organizations of the Empire. The Memorandum, which has been published by the Paris Humanite, opens with a veiled but unmistakable threat of the internal political disturb- ances which would result from the refusal of the demands which it proceeds to formulate as the indispensable basis of the peace which Germany is to dictate. These are the annexa- tion, in the West, of Belgium, of the French Channel coast and a sufficient hinterland, of Verdun, Belfort, and the western slopes of the Vosges; in the East, of the Baltic provinces and of Polish territories to safeguard East Prussia, Posen, and Silesia.