14 DECEMBER 1934, Page 6

I learn with some surprise that an applicant lately obtained

from Lloyd's a quotation of 2 per cent. premium for insuranee against the risk of war between France and Germany within a month. The rate seems high, but I suppose a lower quotation would suggest that the risk was negligible and consequently not worth insuring against. In any case such tension as there was is distinctly easier now. * * * *