political exhibitions. -This change has been illustrated by the calm
acceptance of two new agreements with Germany. One is a provisional commercial agreement dealing with the Customs relations and is of the nature of a " most favoured nation " agreement. The other relates to the Saar Basin. It was hoped a year ago to introduce an agreement on these lines, which are in the direction of encouraging trade thence with the rest of Germany. We have heard little lately of the- activities of the Comite des Forges, but we cannot doubt that negotiations between the Comae and the German Iron- masters continue. The less we hear of the Saar Basin the more we appreciate the work of the League of Nations and of Mr. Stephens, the Canadian who represents the British Empire on the Commission of Government and succeeded M. Rault as Chairman a few months ago.
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