30 JANUARY 1926, Page 34


I imagine that before these notes appear in print a settlement will have been reached with regard to the Italian War Debt, and even if its terms are not so satisfactory to the British taxpayer as had been hoped, in some quarters, having regard to our own heavy responsibilities in the matter of our debt service to the United States, the settlement will, I think, be very generally welcomed. During the past week the Italian Finance Minister paid a visit to the City, the occasion being a' luncheon given in his honour by the Italian Ambassador to, the bankers and merchants of the City of London. Theret have certainly been few occasions in the City when a morel distinguished gathering has assembled, and throughout? there was a very definite expression of the regard in which'

Italy is held by the City of London. A. W. K.