6 APRIL 1929, Page 1

With the signature, on March 27th, of a Pact of

Friend- ship, Conciliation and Judicial Settlement, Greece and Jugoslavia have settled a long-standing dispute over the Salonika Free Zone. Greek sovereignty is formally recognized, but her neighbour is to have free access to the Aegean. The Treaty was ratified by the Greek Chamber on Monday. This must have been a " record " in prompt action. The Treaty is binding for five years. The formulas worked out by the League of Nations Committees on arbitration have been taken as a model— as being more suitable than the pattern of Greece's pact with Italy, which included a stipulation of reciprocal neutrality in the event of war. Many will see in this an undesirable method of building, since it is yet another girder supporting the status quo of the Peace Treaties. We prefer to welcome it as spreading the sense of security in Europe on the lines laid down by the League. A revision of questionable features in the Peace settle- ment will come in good time when such revision is patently in the interests of Europe as a whole.