Produced by Benito Mussolini, accepted in principle by Ramsay MacDonald, the new Four-Power Peace Plan was presented before publication to the French Government (TIME, March 27). In Paris for three weeks it has been discussed in wordy secret conferences and lengthy telegrams. To the French and British Governments was left the privilege of publishing a translation of the text. This was released last week and the world knew in detail what Mussolini & MacDonald have proposed:

1) Four-power collaboration for peace between Great Britain, France, Italy, Germany.

2) Acceptance of the principle of revision of treaties.

3) In the event of the...

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