Wanshington, Oct. 7.
'The new Franco-Italian' accord regarded here as potentially one of he greatest political stabilizing in fluences of recent times, according to opinion expressed by United States Government officials interviewed te-
Bitects of the new understanding. which will be signed at the end of this month, according to statements made by the Italian Premier, Signor Benito Mussolini, in a speech Milan on Saturday, may be most far-reaching, exerting a profound, influence upon the Far Eastern situa-'Mon, as well as the political position In Europe, Washington believes, he extent. of the accords fluence so far as Washington is con: cerned depends largely upon when ther it settles the Mediteranean naval rivalries of Italy and France.
Competition between these two powers in naval construction theretofore has made the naval status of Great Britain highly uncertain, the British suffering unconcealed uneasiness over the situation in the, Mediterranean.
In unofficial circles, there was! widespread speculation in Washing~ ton as to the possibility that a settlement of the "Mediterranean "naval problem may relieve Great Britain the predicted necessity of build-Ing more warships in the immediate, One result, it was suggested in well-informed quarters, may well to align Great Britain with the United States at the 1935 Naval Conference in a stand for the maintenance of the present 5-5-3 ratio of capital ships with Japan, whereas it has been conceded hitherto that Britain may join with Japan in seeking more ships—United Press.
Reich poration Desired Rome, Oct, 7.
Commenting editorially on, Musso lini's Milan speech, "Giornale 4'Ita-Ma," generally regarded as the mouthpiece of the Foreign Office, here un-decline Ys, references. {01 unpleasant paper polemics, Italy' wards "Germany unchanged substance and this attitude is clearly defined by the Premier's words tnat further development in Europe, is inconceivable without German} boa operation, "ttaly's entire policy towards Germany," the paper continues, "is aimed at bringing about the Reich return into the council of the great Powers on the basis of equality of rights and by adapting the existing treaties to the new principle of reconciliation and justice." episode in German-Italian relations but {€ the good intentions recently expressed in authoritative quarters In Berlin concerning the maintenance of independence and internal peace in Austria should be realized and some other minor points cleared wy satisfactorily, this" episode would soon be overcome and forgotten.—
Text read from the printed page and cleaned; old type leaves the occasional error.