The news that President Harding has invited Great Britain, France, Italy and Japan to confer on. the subject of the limitation of armaments, and the foregoing countries, with China, to discuss Far Eastern problems is the most important news for some months past. Involved in the invitation is recognition of the fact that the elements most likely immediately to disturb the world's peace are to be found in the Pacific and the settlement of all or most of the outstanding problems in the Far East must have an important bearing on the decisions with regard to disarmament. That the countries of the world cannot continue to pile armament on armament in competition with each other is clear to the most superficial thinker, and relief from such a necessity would be welcomed by every government the globe. From a more local point of view the invitation to China is an important recognition of the part this country ought to play in Far Eastern affairs. Chinese writers on the Anglo-Japanese Alliance have recently Jaid stress on the fact that recogni-to give the country sufficient contion of this sort is the very thing
Text read from the printed page and cleaned; old type leaves the occasional error.