The time has, indeed, arrived to k whether France is any use whatever to the Consortium. Frat cannot in any case lend money, except to small Powers like Rumania and Czecho-Slovakia in return for trade advantages. I not think it could lend any to China, and if its bankers shouldered portion of any Chinese loan France would herself have to borrow the: money from some other country' and then relend it. As it is, France, as is well known, cannot pay her war debt interest and for Some years to come must inevitably cease to be an international lender.
Under these circumstances her ity to the Consortium is very small indeed, and it probably would be better for her to withdraw though, of course, this might entail tha break-up of the Consortium itself. France's only chance of securing. her position is to try to persuade America that the proposal of the British Group would mean: the: re= very happy inside the Consortium; and I do not think its life will be very long one.
Title Bestowed on General After Successful Campaign in Robber Country
Text read from the printed page and cleaned; old type leaves the occasional error.