that there will be some kind of agreement on Repara-
tions after all. In February when the meetings of the experts began in Paris few of us expected that the Con- ference would still be dragging on after the British elections. It is now generally agreed that the Conference, if it should have taken place at all—and the best British opinion considered it premature, since there was no experience of the working of the Dawes plan in normal years—should emphatically not have been held in Paris. During the last week the most conspicuous—and regret- table—feature a the proceedings has been the necessity to explain and expound the bare facts, which have been grossly misrepresented in the Paris Press. Thus the resignation of one of the German delegates, Dr. Vogler, was freely attributed to pressure brought upon him by -the industrialists of the Ruhr ; whereas, as Herr Stresernann pointed out in an address to the Press in Berlin, Dr. Schacht's colleague committed himself irrevocably to Mr. Owen Young's figures three weeks ago. • * S. * *
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