LEAGUE FINANCES.
The most unsatisfactory feature about the League at the moment is its finances. This year for the first time work definitely planned, and the desirability of which is universally conceded, has had to be vetoed or postponed for the simple reason that the League's budget will not stretch to the neces- sary expenses. It is lamentable that this unique international institution, with its constantly expanding activities, should be compelled to limit its expenses—including the International Labour Organization and the Permanent Court of Inter- national Justice as well as the League proper—to just over £1,000,000 a year. But some of the smaller States insist that their assessment must not be increased, and even in Great Britain there are occasionally heard complaints that the annual contribution to the League comes to nearly a quarter of the annual upkeep of a battleship.
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