Evening star., 1924-01-27

pone making an important move in
the German business until the re-
ports of the two committees of eX-
pertS have been rendered and the
reparations commission has taken
action pursuant thereto. Should that
business be completed before the
French general elections he will per-
Ihaps go slow until after those cleo
tions, hoping victory for NJ. HerrIot
! and the opposition and a new French
government with which rapproche-
ment would be easy. There are. to
| be sure, possibilities of serious fric-
| tion in the controversy respecting
| the railroads of the Cologne area
and in the controversy respecting the
| separatist movement in the palati-
nate. But there is reason for think
ing that. the sublime but irritating
Curzon out of the way. these diff
culties can readily be adjusted.
| A report just arrived which calls
| for confirmation states that Mr.. Mac
| donald is approaching NJ Poincare
| through NJ. Benes, the Czechoslovak
| foreign minister.
I 1t is asserted on good authority
that Mr.. Macdonald's foreign policy
! will be based on the league of ma
| tions. Acting thus he would have the
support of most liberals, including
| Lord Grey, and of many conserVa-
tives. 1t seems certain that he will
exercise the very strongest pressure
| toward admission of Germany to the
| league of nations at the league as
| sembly. meeting in the coming Sep
tember, provided he is then still pre-
| mier.
| Now NJ. Herriott and NJ. BRAND, the
| opposition leaders in France, are un-
| derStood to be of like mind with MIR.
Macdonald respecting the league, SO
| that should the opposition win in the
| coming French elections. which does
| not seem absolutely impossible, we
might expect the British and French
| governments to agree on assigning to
| the league q leading role in adjust
| ment of the reparations problem, to-
| gether with the duty of making suit
| able provision for French security.
| The new mistress of No. 10 Down.
ing street is Miss Ishbell Macdonald,
/ the twentyyear- daughter of the
premier. Her youth and simple charm
4. make an effective appeal to British
| sentiment Her mother, who died
| not long ago, was the daughter of
| distinguished chemical authority and
niece Of Lord Kelvin. perhaps the
| greatest British scientific mind since
| Newton.
X x !; *
GERMANY.
| The first important communique is
sued by either of the committees of
experts working on the German
Preparations problem under the au-
spices of the reparations commission
appeared on the 22d. The following
| is quoted therefrom:
| "The commission of experts ap-
pointed by the reparations commits
sion to consider stabilization of the
currency in Germany and balancing
the budget has reached the opinion
that an Independent gold bank
should be established, partly by mo-
bilizing some part of the free re-
| serves of gold and foreign currencies
which may exist in the hands of Ger
man nationals and which at present
| discharge no economic function, and
partly by cooperation of foreign
capital. In their view such a step
will form part of the ultimate plan
to secure future budget equilibrium
| and stable currency.
| THE committee is convinced that
foreign cooperation on the manage
ment of such bank is desirable for
Its ultimate success"
1t has not been disclosed whether
the committee contemplates that the