The situation as between Germany and France is appreciably more
hopeful. Although the two committees of experts to be appointed under the Reparation Com- mission will not be the equivalent of the general Commis- sion which was proposed from Washington, we believe that they may be able to do all that was expected of that Commission which never -came to life. The first committee will deal with the domestic affairs of Germany, and will try to find the means of balancing the Budget, and of stabilizing the currency. The second will deal with German financial affairs outside Germany. Last Saturday M. Poincare took a distinct step forward in receiving Herr von Misch, the -German Char,0 d'Affaires in Paris. The conversation lasted only about a quarter of an hour, but M. Poincare suggested that the German .proposals should be put in writing. Later in the afternoon Herr von Misch sent an aide memoire to the Quai d'Orsay. M. Poineare's position now is that as passive resistance appears to have ceased in the Ruhr, he is willing to confer with German representatives on " all the questions which the German Government may wish to bring to his attention."
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