Light has suddenly come out of darkness in Lausanne, and
it seems that there ought to be peace in the Near East. Last Saturday morning a solution seemed to be as far off as ever, but in the afternoon, as the result of a private discussion among the heads of all the delegations, the whole situation 'was changed. Ismet Pasha and M. Venizelos shook hands and, according to the special correspondent of the Times, " great cordiality " succeeded to the previous glacial relations. The magic secret was the expedient of inducing 'Turkey to accept territorial compensation instead of money payments from Greece. The main points of the agreement are these. Greece acknowledges her " moral responsibility " for damage done in Asia Minor while Turkey, in view of Greece's financial condition, renounces her claim for an indemnity from Greece. Greece cedes to Turkey the Karagatch triangle. There is to be a mutual restitution of ships captured since the armistice of Mudros. * * *
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