4 JANUARY 1935, Page 5

But actually, no doubt, more than that will be achieved.

A settlethent of the long-standing differences between France and Italy in Northern Africa seems certain, but the vexed question of naval parity will no doubt be left over till the general naval conference later in the year. What still remains uncertain is the extent of the progress made towards a broad agreement on the means of pre- serving the independence of Austria and stabilising the relations between the States in the Danube Valley. But unless very considerable progress had been made, M. Laval would quite certainly not have gone to Rome. The urgent need in South-East Europe is for a relaxation of the tension between Italy and Jugoslavia, and it will be surprising if the joint efforts of Signor Mussolini, M. Laval and Prince Paul are not found to have effected that.