4 NOVEMBER 1922, Page 3

We withhold detailed comment for a future occasion. To-day we

will say that we feel sure that M. Poincare will never attempt to adopt any proposal so mad and so wrong. He will realize that to do so would mean the breaking of the whole spirit of the Versailles Settlement, involve the direst risks to the peace of the world, and play directly into the hands of the German militarists. Has the French Commissioner never heard of people spending £1,000 to collect a paper debt of /100 ? That is what would come of invoking a new war to collect an indemnity based on an over-estimate of the resources of the culprit.