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NEWS OF THE WEEK.

rilHE character and quality of Mr. Ramsay MacDonald's -I- Government, as well as the proMptness with which it has been formed, justify the feeling of relief which is general, and; indeed, encourage the'hope that the Govern- ment will carry out useful work with the consent of the other parties. Notably in foreign affairs, there is no reason at all why there should not be aft agreed policy directly. Parliament reassembles. During the. past few weeks, when deprecating the humiliating panic to which some public men and some newspapers were lending them- selves, we argued that the event was ahriost invariably much less bad than the anticipation. Mr. MacDonald's Ministry is a capital illustration of this truth. * * * *.

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