The Anglo-French Review for December has three notable articles. The
first is an instructive sketch of M. Millerand by M. Henry Davray, who illustrates the new President's character by quotations from his speeches. The next is an ingenious article on "The Economic Relations between Great Britain and France and the Question of Reparation," by M. Rene Thery and Baron Emile d'Erlanger. It proposes, not for the first time, that Great Britain should cancel her loans to France in return for a share of the compensation to be paid by Germany, and that America should cancel her loans to France and Great Britain for a similar consideration. The three States should then accept their shares of the reparation due in a special cur- rency, to be invested in German industries. The fatal objection to this plan is that America shows no disposition to make us a present of the £1,000,000,000 which we owe her, nor do we care to suggest that she should do so. The third article by M. Jean Norel deals with "Naval Responsibilities in the Episode of the Goeben ' and the ' Breslau ' " ; he imputes the sole blame to the French naval commander-in-chief, Vice-Admiral de Lapeyrere, and completely exculpates Admiral Milne from the charge of having let the German cruisers escape. We may draw attention also to an interesting account of the poetry of M. Maurice Magre and to an article cn M. Cid-era plays. It is a most readable number.
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