7 DECEMBER 1912, Page 17

Whether Sir Edward Grey's suggested meeting of the Ambassadors of

the Great Powers to act as a Conference will also be held in London remains to be seen, but it certainly would be convenient if London should be the place selected.. What the Conference of Ambassadors would have to do would be to consider the endorsement of any peace terms that may be arrived at, for no final settlement can be obtained merely by the belligerents coming to terms. To secure a true peace an agreement between the Great Powers is essential. That the omens are favourable for such an agreement is our *belief. We have given our reasons elsewhere for thinking that no one wants war. Further we feel sure that we can rely upon Russia not doing anything to encourage unreasonable claims on the part of Servia if such claims are made. Now, however, that Servia is recovering from the very natural excite- ment caused by her magnificent achievements in the field of war, we believe that she will recognize that peace to enjoy the fruits of her victories is her chief need. We may add that the actual terms of the armistice have not yet been fully stated, but that what in effect has happened is that a general "cease fire" has been ordered, and that all the troops are to "stand fast" during the negotiations.