7 JUNE 1924, Page 2

In Germany Dr. Marx is reconstructing his old Govern- ment,

and his programme virtually contains only one point—acceptance of the Dawes Report. He declares that he considers himself to have received a mandate from the nation, and he is preparing Bills to effect the Constitutional changes required by the Report. We have written in a leading article on affairs in both France and Germany, and need only add here that M. Painleve was on Wednesday elected President of the French Chamber. It is possible that the Balkan disturbances may before long colour the rest of European conditions by agitating France and Russia. Rumania is in a state of internal revolt, and Russia is believed to be inclined to fish in the troubled waters.