26 AUGUST 1911, Page 2

The terms of the Russo-German Agreement, which is the outcome

of the Potsdam meeting ten months ago, were made known last Saturday. They are for the; most part what was expected. The important point is that nothing in the Agreement can be construed as a weakening of Russia's intention to maintain her friendship with Great Britain and her alliance with France. The Agreement does not even mention the relations of Russia and Germany in respect to other Powers. For this reason it is a disappointment to Pan- Germans and to all who prophesied that the Potsdam meet- ing was the beginning of a rearrangement of the balance of power.