12 FEBRUARY 1921, Page 1

Yet another round has been fought in the long encounter

between M. Tchitcherin and Lord Curzon. We cannot imagine how long the bout will continue, or who will win " on points " if they are encouraged to go on as at present. They seem fairly evenly matched, and the affair is not likely to be ended by a knock-out. We seriously suggest, therefore, that we have had enough of this spectacle. We cannot go into the details of tho last note from M. Tchitcherin, which was published, as might have been expected, more fully by the Daily Herald than in any other paper. The great thing is to reopen trade with Russia. As we have said over and over again, we would not stand on any punctilio about " recognition " or anything else. The proposed Bolshevik conditions do not really matter, as Moscow probably would not observe them in any case. Let us look after the trade and the political conditions will look after themselves.