NEWS OF THE WEEK
ruHE Financial Conference in Paris has produced results, and has produced them rapidly. Between France, America and ourselves there has been no friction. Further than that, America has been satisfied without any injury being done to the Dawes scheme. No, objection has been raised to slight alterations in the Spa percentages which have been adjusted except in the case of Great Britain. When Mr. Baldwin invited Mr. Churchill to be Chancellor of the Exchequer we thought that he was taking a long view and a wise one,. and events in Paris have confirmed our opinion. On Wednesday the document embodying the conclusions arrived at in P aris was signed. The representatives of some of ,the smaller Powers made certain reservations, but on the whole definite and valuable agreements have emerged with unanimous consent and an intricate problem is evidently on the high road to solution.
