A British loan to help Italy develop Ethiopia has never ceased to be "in the cards." It was predicted in London banking circles even while Anthony Eden was at his most fervent in Geneva, hurling the thunderbolts of Sanctions at defiant Benito Mussolini (TIME, Oct. 21, 1935 et seq). Last week this British loan was just around the corner, according to the most orthodox of London and Rome correspondents. In
Rome Sir Eric Drummond, the British Ambassador who attempted to dissuade His Majesty's Government from springing the booby trap of Sanctions, and...
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