In unadorned language the British statesman, himself one of the "Big Three" at Paris, gives his present opinion of a question which lies at the root of many of the world's woes. Apart from a review of the reparations problem since the signing of the peace, the book is a scathing indictment of French politicians for what he considers to be their fantastic views regarding German capacity to pay, and an equally unsparing criticism of the American attitude on the matter of inter-Allied debts. Mr. Lloyd George calls for the complete cancellation of obligations of both kinds, and demands in addition the revision of high tariffs and thoroughgoing disarmament. In America the book is bound to arouse much comment, for its frankness is mightily provocative. And, be it added, its author is in many quarters held responsible for some of the provisions of the treaty which he now most furiously attacks.