Peace Terms Less than a month ago, British and Egyptians were at each other's throats; this week both sides are talking calmly of reconciliation, not revenge. The British Foreign Office is ready to go surprisingly far to meet Egypt's "legitimate aspirations." London is prepared to withdraw the 50,000 British troops from the Suez Canal Zone. Condition: Egypt must participate in a Middle Eastern defense pact, jointly sponsored by the U.S., France, Turkey and Britain.

Evacuation of the British army would be gradual until a joint force is ready to guard the Suez Canal. And Britain would like...

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