Text of British Proposal Issued at Geneva London, Feb. 23.
The text of the draft Convention fon Arbitration and Security—pro-[posed by Britain was issued to-day at Geneva, It is as follows: "The Committee on Arbitration and Security,.after' studying the introduction to the memoranda on arbitration and security and the articles of the Covenant submitted by the chairman, declares its concurrence in the view therein enunciated, that:
"Firstly, the covenant itself creates a measure of security which needs to' be appreciated at its full value and that its articles are eapable to being applied in such a way that in the majority of cases they can prevent war.
"That, secondly, the common will to peace of: the council end States members can be exercised effectively within the frame-work of the Coven-fant, the more so because that strument docs not provide any rigid code of procedure for settlement of International crises and that it is, therefore, inexpedient to attempt to draw up in advance a complete list'of measures for preserving international peace, "That, thirdly, those nations which consider that the general measure for security afforded Ly the Covenant ix inadequate for their needs must, at the. present moment, regard the conclusion of security' pacts with other States in the same geographical area as the only practical and possible form of supplement of any guarantee'?
Text read from the printed page and cleaned; old type leaves the occasional error.