NEWS OF THE WEEK.
THE issue of their Reports on Wednesday by the two Expert Committees on Reparations is the most important event in foreign politics that has happened for many months. The Committee presided over by General Dawes was, of course, the more important of the two, as it was charged with drawing up a scheme for putting Germany into a position to pay. Mr. McKenna's Committee were instructed to estimate the amount of German wealth outside Germany and they put it at £337,500,000. It will be remembered that Mr. McKenna estimated it some months ago at £200,000,000. The increase is partly due to the profits on the sale of paper money. Unfortunately Mr. McKenna sees no way of forcing any of this wealth back to Germany. It must be recalled by normal methods—drawn back gradually by the recovery of German commerce.
