13 DECEMBER 1924, Page 2

As we have often said, we find it rather odious

to tot up money against dead men. All the Allies made a great effort in the War according to their various capacities. We paid more money ; France lost more lives. On general principle, therefore, we shall not join in the outcry against France getting good terms wherever she can ; but when we remember that a considerable part of our debt to America was borrowed not for ourselves, but to pass on to France, we must admit that Mr. Churchill's words were justified and had just the right balance and proportion. We can hardly . believe, however, that France means to pay a relatively small debt and say nothing about her greater debt to us. Probably she desires to raise the whole question of War Debts. * * * *