22 JANUARY 1921, Page 2

Mr. Harding, who will become President of the United States

on March 4th, has given two important indications of his future policy. He stated last week that he " would assume power with a determination• to strive for the reduction of armaments, and that he was willing to co-operate with others to that end." In a letter to Mr. Stewart, Chairman of the Sulgrave Institute, he said that " the labour of uniting into still closer amity and understanding the English-speaking peoples of the world has a significance of good to all Americans and to all nations and races of the world." He added :— " I believe that when the wisdom of America is summoned to assist the world in building a workable, as distinguished from a bungling, agreement or association for the prevention of war, the unity of the English-speaking peoples will play no small part, not to invade the rights or exclude the fellowship of other nations, but to protect and include them."

Mr. Harding's pronouncement, which is in line with the beet American traditions, is most welcome. Great Britain and _America, acting together, can unquestionably secure and main- tain peace in the world.