On Saturday the. Session of the Council was closed. Among
its last acts were the adjournment (perhaps the best thing in the circumstances) until June of the business of the machine 'guns found at the 'Hungarian'. frontier. In the interval experts will Study the evidence and report. The loan of £4,500,000 to Bulgaria was approved. _Sir Otto Vezneyer and - the - 'Thirgarian Finance– MiniSier will act together as trustees,, and we hope that it will do ,much to stabilize the currency and help:it country where capital is very scarce. The proposed loan to Portugal has come to nothing so far, since Portugal objects to the necessary 'control of her finance that was entailed. We are not altogether sorry; except that we Sympathize with a friendly nation in difficulties.- But the 'difficulties are mainly due to internal.polities, no matter for the League to touch. During the Week M. Briand Signed at Geneva-a treaty of Conciliation and Arbitration with' Holland. ' And here we may note also the ratification by the Senate at Washington last week of the Franco-Americari Arbitration Treaty. * * *
