2. Absolute freedom of the sea beyond territorial waters. Nothing, as a matter of fact, has been changed from the pre-war state of things; with the difference that the losers have had to surrender their mercantile fleets and are therefore no longer directly interested in the question.

3. Removal of all economic barriers and equality of trade conditions. The treaty imposes on Germany terms without reciprocity, and almost all Entente countries have already adopted protectionist and prohibitive tariffs.

4. Adequate guarantees to be given and received for the reduction of armaments to a minimum compatible with home defence. The treaties have compelled the vanquished countries to destroy or to surrender their navies, and have reduced the standing armies of Germany to 100,000 men, including officers, of Bulgaria to 23,000, of Austria to 30,000 (in reality only 21,000), of Hungary to 35,000. The conquering states, on the other hand, maintain enormous armies numerically superior to those which they had before the War. France, Belgium and Poland have between them about 1,400,000 men with the colours. Germany, Austria, Hungary and Bulgaria altogether have only 179,000 men under arms, while Rumania alone has 206,000 and Poland more than 450,000 men.

5. Loyal and straightforward settlement of colonial rights and claims, based chiefly on the advantage of the peoples directly concerned. All her colonies have been taken from Germany, who needed them more than any other country of continental Europe, having a density of population of 123 inhabitants per square kilometre (Italy has a density of 133 per square kilometre) while France has 74, Spain 40, and European Russia before the War had only 24.

6. Evacuation of all Russian territories and cordial co-operation for the reconstruction and development of Russia. For a long time the Entente has given its support to the military ventures of Koltchak, Judenic, Denikin and Wrangel, all men of the old regime.

7. Evacuation and reconstruction of Belgium. This has been done, but to Belgium have been assigned territories which she never dreamt of claiming before the War.

8. Liberation of French territories, reconstruction of invaded regions and restitution of Alsace-Lorraine to France in respect of the territories taken from her in 1871. France occupies a dominating position in the Saar which constitutes an absolute denial of the principle of nationality.

9. Rectification of the Italian frontier, according to clearly defined lines of nationality. As these lines have never been clearly defined or recognized, the solution arrived at has been distasteful both to the Italians and to their neighbours.

10. The peoples of Austria-Hungary to be left free to unite together or to form autonomous states in the manner best suited to their development. As a matter of fact the treaties have taken the greatest possible number of Germans from Austria and of Magyars from Hungary in order to hand them over to Poland, to Czeko-Slovakia, to Rumania and to Jugo-Slavia, namely to populations for the most part inferior to the Germans.

11. Evacuation of Rumania, Serbia and Montenegro. This has been effected, but whereas the Entente Powers have always proclaimed their fundamental duty for the reconstruction of Montenegro, they all contributed to its disappearance, chiefly at the instigation of France.