Thus, in the main, all we have to do is
to stand, firm. We should be not over-punctilious as to the formula in which our demands are embodied, but in matters of substance we must be adamant. Meanwhile the Allied delay is undoubtedly unfortunate. The situation in Germany seems, at the moment, particularly favour- able to securing an almost unanimous acceptance of the Dawes Scheme, since the Nationalists have at last come into line with it. But the opportunity may be lost. The continual postponement of an invitation to the German delegation to come to London is naturally strengthening the hands of the Nationalists and weakening those of the Government. Yet, in spite of all the dis- appointments and difficulties of the last week, we cannot be wholly pessimistic, and this for the one reason that we have given—that a realization of the dreadful alterna- tive to settlement does appear at last to be beginning to dawn in Paris. We deal with the whole subject in our leading columns.
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