Mr. LloydGeorge warned the Russians that there would not be
much hope for the Hague Conference if they continued to conduct their policy in the spirit of their memorandum of May -11th. In-his opinion Russia was running a terrible-risk- of losing. the help -which she so urgently needed. She must not outrage the sentiments, or—if they preferred so to regard them—
the prejudices of the world :-
" The first prejudice we have in Western Europe -is 'that. if you sell goods to a man•you. expect to be paid for them. The second is that if you 'lend money to a man and he promises to repay you, you expect that -he will repay you. The third is if you go to who has . already lent you money- and say, ' Will you lend me more ? '.he will say to you, Do you propose
to repay me what.I. gave you ? ' and you say is a matter of principle with -me not to repay '—there is a most extra- ordinary prejudice • in the. Western mind against lending any more money -to that person "
Finally, Mr. Lloyd-George said that though the pact of peace was nominally only for eight months; it would really last %for ever. " Once you establish peace nations are not going back
upon it."
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