A summary of the terms of peace with Afghanistan has
been forwarded through Reuter to London. The Ameer allows Great Britain to place a Resident, with an escort, in Cabul, and to appoint Agents when necessary at Herat and ether places ; makes over to her the complete control of his foreign policy ; permits her to take the Khyber and Michnee valleys, which be-
long to independent hill clans ; assigns to her the Pisheen, Kuru.m, and Sibi valleys, with administrative rights, but not the full sovereignty ; and abolishes his southward line of customs, thus granting free-trade with India. On the other hand, the British Government engages to pay 260,000 a year to the Ameer, so long as the Treaty shall be observed ; guaran- tees his territories against foreign aggression ; and pays over to the Cabul Treasury any surplus revenue it may obtain from the assigned districts, which may hereafter prove something, as all discontented Afghans will settle in them. We have endeavoured to show elsewhere the great extent of fresh responsibility which this Treaty involves, and need only mention here that in India it is doubted whether Yaboob Khan can keep his throne without direct assistance. His brother Ayoub is in arms against him in Herat, and it may be broadly stated that out of Cabul he has as yet no authority. For the moment, however, the important point is the line the hillmen will take when, next week, the troops begin to return from Gundamuk.