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NEWS OF THE WEEK.

THE event of the week has been the publication of the Government Note on the War Loans. It has been badly received in America, as we feared would be the ease. The American public has never fully understood. our position in regard to the Debts, and this failure in "the sympathy of comprehension" has not been cured but rendered more emphatic by the Note. It has added a sense of suspicion to the former ignorance. That is a most unfortunate result and puts us in the intolerable position of having to explain that we are not really trying to "put something over" on to the United States.

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