FUTURE OF THE LEAGUE.
It must be remembered that in less than a week's time the Council of the League will be in session at Geneva,' to be followed a little later by the Assembly. Whether even before that . time war will actually have broken out between Italy and Abyssinia—or to .suppose a less probable .event--some satisfactory solution of the crisis will have been discovered, remains to be seen, but at present the signs are certainly hot very faVourable, and indeed-interest, in the City centres more upon whether in the event of war there will be any European complications, and also upon whether the prestige of the League of Nations will be irretrievably impaired: Needless to say, that . if some satisfactor* means arc discovered for the avoidance of war, the favourable effect upon the • financial situation would be. Very great amid immediate, a' circumstance 'which May •Well mot• only restrain holders of , securities from -realisingc. but may even justify genuine investment-buying at the. lower level which has recently been established in' Governinent stocks "add in many other- securities.
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