26 APRIL 1919, Page 2

To sum up the whole matter,although there is something to

be said for every one's point of view in this controversy,peace is by far the greatest need of all countries in the world. It is useless to talk of degrees of security, according as this or that bit of terri- tory or this or that port is assigned to a particular Power. If the Allies shed a large part of their friendship for one another as a result of unbending manners in negotiation, though a highly legal peace may at last be made, the world may in the meantime have slipped through bankruptcy into chaos. We all want to get to work and re-create our wealth. That is the need of the moment. That is the great security for all.