3 JANUARY 1925, Page 9

NEWS OF THE WEEK

THE French Government have not had so many home truths told to them for a long time as have been uttered during the past few days in America on the subject of the French Debt.' Probably the French people who have been killed into a kind, of confused belief that they..reallY do not owe anybody any money—or, at least, would not owe any if justice prevailed—have been taken by surprise. Englishmen, however, who' are naturally . . in a state of greater sympathy and knowledge and who.

do not 'forget the :historical and legal origins of the American ConStitUtion, are not at all 'surprised at the very forcible and airriOst brutal assertions in America of the sanctity of 'Contract: -French credit has SUffered . duringthe week and is to stiffer • more unless the French Government justify-themselves -midi better than they have yet to do:'