6 JULY 1872, Page 1

The new Treaty with Germany, signed by M. Thiers, does

not concede much to France. That unhappy country has still to pay £120,000,000 before March 1, 1875, and does not gain the right of buying out the Germans at once by a payment in full. The advantages conceded to her are the evacuation of the Marne and Haute Marne on payment of £20,000,000, and a chance—it is only a chance —that for the last £10,000,000 securities will be accepted instead of gold. On the other hand, Germany will not diminish the occupying force of 50,000 men to be main- tained at French expense, will not permit the evacuated departments to be occupied by an army, and retains the right of re-occupation if the stipulations are not fulfilled. She even exacts interest on the unpaid tribute, as if it were a just debt, just as a Turkish Pasha asks tooth-money for his trouble in eating requisi- tioned chickens. The publication of the Treaty has revived all the bitterness of defeat in France, but there is no help, and it will be passed by the Assembly.