Courtesy Reuters

THERE could have been no peace in Europe until the problem of reparations had been settled. That is the reason why the Conference of Experts which sat at Paris last year from February 11 until June 7 was of such surpassing importance. That is the reason why its conclusions were received with relief and approval by the world generally.

For ten years the question of reparations had been a thorn in the flesh of all Western Europe. The trouble began at the Peace Conference itself. During all those months in Paris, ten years ago, the American delegates had urged the importance of

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