The many attempts of German_propaganidists to drive a wedge between Great Britain, and France have received another striking answer it. the announcements in London and Paris of the conclusion of a financial alliance between the two nations, und the two wealthiest countries of Europe have now pooled their resources for the better prosecution of the war against Germany. So, far from there being any divergence of Views between the two Governments, the negotiations, which were conducted last Week, have' produced a scheme by means of Which the closest possible ce-operation will continue between the two countries throughout the duration of the war. It is a wise snd statesmanlike move which can only serve to emphasize the solidarity of purpose and the common determination to spare no effort to make sure that the menace of Hitlerism shall be destroyed for ever. Thus the world is presented with the spectacle of the complete unity of the Allies, whose armies fight as one under one command, whose navies and air forces are similarly combined, and now whose finances and economies are Drought together in a manner which cannot be but youd for the carrying of the war to successful conclusion. The general terms of the new understanding provide for the avoidance of alterations inthe existing rates Of exchange between the two countries, an agreement not to raise foreign loans or apply for foreign credits except in agreement or Jointly with each other, mutual arrangements Which will enable each country to cover its requirements for currency of the other, to Utilize such currency between them without having to find gold, and not to impose any new trade restrictions on each other for protective purposes or reasons of exchange. It has been arranged that the contributions of each nation towards the common cause shall be fixed on the basis of respective natural sources, wealth and other similar consider tions, and, at any rate for the moment, it has been fixed that the ratio shall be' as three to two, with Great Bi th greater contributor, The a1 Dears to be an eminently equit one vhich will defy all attempts of German pro-wandists to disparage This final mobilization of the financial and economic resources of the Allies, coming as it docs after three months of war, is highly significant. It completes the whole structure Of resistance which is being offered to Ger man aggression, and welds the Allies into one single unit, just ax completely as Hi Hitler has own country. The sin gular power ted in the two Govern inv ments for the duration of the war, through the suspension of the usual constitutional Processes, enable them now to arrive at decisions with that speed which was undoubtedly lacking in peace-time, removing tone of the disadvantages under which de= mocracy laboured when faced with the prob-Jems presented by the totalitarian states, Muth energy has been dissipated by German ropaxundists to convince the world that the financial position of the Allies is in a pre= carious condition. Nothing could be further from the truth, sas reviews of the Allied sources have from time to time showed, and there ix not the slightest doubt about it'that, ay in most other directions, the Allies are better able to finance this' war than they were in 1914. While it is true that their export trade must necessarily suffer the exigencies of warfare, they are better able to on in this direction than is Germany, which will shortly see most, if not all, of her export trade reduced to the proportions of her import trade. Little has been divulged up to the present as {0 the financial means whereby Germany intends to continue hostilities, but it is notorious that the Reich has neither the external nor internal resources tyefive years aKo, lo her financial needs may, in comparison with those of the Allies, be considerably smaller, the fact is that' she has only herself to rely upon for assistance in this respect, and that her chances of rai funds without imposing further hards! upon a people already suffering. hi remarkably small.
The advent of this news, coming as it does almost simultaneously with the snnouncement that British troops have been giv ing, over part of the M:
itself a demonstration of the unity existing between the "military forces ut the two countries—is but another proof tit those differences of opinion, wh wish ful thinking of the Nazi propagandists Jed them to perceive, exist inf their already considerably overworke aginations. Herr Hitler's attempts to suugest that it is only Great Br enemy and not Fra to be based on an like to bring about ing brought home to him that he has sueceeded in rousing the western democracy who are determined that it shall be for the Jast time so far "as he is concerned, This demonstration of the completest possible accord between London lund Paris should be the best safeguard against the repetition of misunderstandings which on occasion we to be noted during the prosecution of the last war, and should lead to a more efficient conduct' of the Allies' campaign. The [cohesion which has thus been brought about Jean be productive only of good, and with {the last demonstration of the fact that there is no reason: for the slightest disunity between the two countries fades whatever hopes the Nazis may ever have had of driv-ug a wedge between the two, and weakening, the coalition which has now been perfected, Nazi machinations have met with another rebuff. Their clumsy campaign of untruth has come to a miserable end, and though the German people may be kept in ignorance of the fact, as they have been of so many others, Herr Hitler and his accomplices must at least realize that Allied determination has not been weakened during the last three months, but that their will to see this thing through to the bitter end is, if anything, stronger than ever before, and that they face the future confident in the righteousness of their cause and the means they have fected 10 fight for it,
Text read from the printed page and cleaned; old type leaves the occasional error.