All the delegates to the two committees of experts which are to inquire into German financial problems (TIME, Dec. 24, et seq.) arrived in Paris, Those on the committee to inquire into Germany's currency and budgetry troubles started their labors.

M. Louis Barthou, President of the Reparations Commission, welcomed the committee, promised French cooperation in its work, for on its success, he declared, "depends the pacific equilibrium of the entire world." "We do not expect from you," he continued, "the unlocked for miracle of the reparation problem, but we hope with sincere...

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