20th May. Ir the news contained in the second Reuter's telegram that we publish this morning is worthy of credit, the peace of Europe is not to last longer than the Czar's coronation. As soon as that is over, Great Britain is to be disciplined by France and Russia. ''hey have decided that we are to evacuate Egypt, and they will take the first opportunity to make a vigorous effort to enforce their decision, Lord Salisbury has made just as definite promises to evacuate Egypt as Mr. Gladstone has done, and there is hardly an English statesman in England or Egypt who thinks it desirable for England that her occupation of Egypt should be permanent. But we must choose our own time for going; we are not good at taking orders from any one. It may very well be doubted whether either France or Russia would go to war to tura us out of Egypt. The French objection to our remaining there is much of it very unreal. Our continued presence there may wound French amour propre, but French bondholders have gained largely and still gain by our administration of the country. Russia's only complaint is that we may at some time or other stop her communication with Vladivostock by sea; but the Power that has the
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