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It was a reasonable and natural act on the part

of the Allies to extend the period of grace. Any really practical suggestion which the Germans may have to make ought to be considered in our own interests as well as in theirs, and the mere considera- tion of all the suggestions which the Germans have already made and which they intend to make would occupy the time of the Allies well up to May 29th. But the Germans ought not to delude themselves into thinking that the Allies can possibly reopen any question in principle. On its general lines the Peace Treaty as drafted must be final. The latest hope is that Peace may be concluded on June 15th.

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