All the conditions are favourable for settling the total favourab le
indebtedness of Germany to the Allies. The recently appointed British experti---Sir Josiah Stamp and Lord Revelstoke—inspire confidence; - It is well known that Sir Josiah idesires - to keep the economic and political questions as far apart as possible. Further, we have the latest report by Mr. Parker Gilbert, Agent-General for Reparation Payments, which proves that Germany has the capacity, and more than the oa_paeity, to pay. The recovery .4ich she has made in five years is indeed amazing—from barkruptey comparative prosperity. Mr. Parker Gilbert says that " Germany has been re- established as a going concern on a relatively high level of economic She -has so far made all—her Payments under the Dawes Scheme ." punctually and loyally." In the past year the securities provided under the scheme have developed satisfactorily and the " assigned revenues " are yielding a return which pro- vides a margin of considerably more than 100 per cent. over the standard Budget contribution of £62,500,000, The Transport tax is producing the standard contribu, tion of £14,500,000 with an increasing-margin of safety. * *
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