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PEEPS INTO THE FUTURE.

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PEEPS INTO THE FUTURE. HUNS REPLY TO THE ALLIED NOTE: CONFERENCES TO BE RESUMED. THE FEDERATION OF PARLIAMENTS. Some very important statements have been made in the House of Commons by Mr. Lloyd George, who will. it is expected, leave shortly for Paris. In regard to the Downing-etreet Confer- ence attended by the big Powers, he men- tioned that they were to be resumed at an early date to formulate proposals for the Treaty with Turkey and to dispose of Adriatic questions. One result of the con- ferences will be an i&sue of a French Loan in England "to remedy the fall of exchange prejumclal to France and Britain." It is reported that a Franco-British Alliance is now an established fact "with all bts consequences," and in conjunction with this that a sumcient permanent army will be kept in reserve for any contingency on the Continent. NEW FRENCH LOAN. In answer to Sir D. Maclean, the Premier stated that at the meetings at Downing- street of representatives of France, Italy, and the United States, Japan, and Great Britain, discussions took place on peace with Turkey and Hungary, the Adriatic situation; the future sittings of the Peace Conference; )Mid ratification of treaties already concluded and the execution of their clauses The economic and financial situation was examined in detail, and. in order to remedy the fall in exchanges prejudicial to the two nations, the British Government agreed to the issue of a French loan in England at a date, of an amount and on conditions to be &xed by agreement. RUSSIAN SITUATION. The Russian situation was also taken fully into consideration, and on this, ao on all other questions, the Allies were in complete agreement. The decisions were in full accord with the policy already announced in the House. It was decided to resume the Allied conference at an early date in order to for- mulate proposals on the treaty with Turkey and disputes and dimculties arising from the situation in the Adriatic. With reference to home affairs, Mr. -Lloyd George said that he hoped to make a state- ment on the Irish proposals, and thought the best courae was to lav the outlines of a Bill before the country this session, with a view to the introduction of the measure ( early next session. With reference to work at Woolwich, an order had been placed to construct 100 loco- motivea at Woolwich Arsenal. These will be for use <Mt railways in this country.. I PROFITEERING. I Sir A. Geddea stated that it would not be possible to introduce a Bill to amend the Proii tearing Act before the prorogation, but he proposed to introduce a short measure early next session. THE GERMAN NOTE. It is reported that the German reply to the Allied Note. which was handed by Baron von Leaner to M. Dutasta, gives way on all points raided, excepting that concerning Scapa. Flow, and that its reservations on this point are made with a view to keeping the negotiations open. In presenting the Note, Baron Ton Lersner explained some points in greater detail. He announced the arrival in Paris oi a delega- tion of seven experts, and the hope that the negotiation& jn connection with the Scapa Flow affair would be begun as speedily a-3 possi,ble. The Note states that Germany has not the slightest intention of not honouring her signature with regard to the carrying out of the terms of the Treaty, and, hnal'y. makes suggestions on the question of the compensation which Germany may agree to in reparation of the loss caused to the Allies by the Scapa Flow scuttling, which, it will be remembered, is proved to have been done with full cognisance of the Ger- man High authorities. I CHANCE FOR YOUNG BLOOD. In replying to a vote of thanks at the annual meeting of the Empire Parhtimcn- tary Association, Mr. Lowther, the Speaker of the House of Commons, remarked that he had been described in a book as the per- former with the chloroform bottle, who managed most successfully to chloroform every rising and enthusiastic politician, and I that he had brought them all to a dead level. He had always endeavoured to pick out and encourage all the younger men who came into the House of Commons and showed signa of particular intelligence. In regard to devolution, he hoped before many months that the Committee would be able to submit a scheme winch would be the nret step towards federation of the Par- liaments of the Empire.

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