Word: bonar
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...Bonar Law's refusal to receive a delegation of unemployed is by no means an indication that they are down and out or that they have reached the starvation stage of bad times. Probably a good many of them, willing and anxious to secure work, are seriously distressed by England's overpopulation, but the remaining lot of professional benchwarmers have never before experienced such prosperity...
...Bonar Law's offer to release France from her debts is the first sign of a clearing in the much muddled "general European condition." Oil stains from the quarrel about Turkish concessions, France's obstinacy in regard to the German reparations, the secret connivings between Turkey and the unofficial Russian delegates, the loud shouting by Ismet Pasha for Thrace and the abandonment of the Capitulations, and Lord Curzon's John Bull-headed inflexibility as regards the Bosphorus have all contributed to stirring up the pool at Lausanne until it has become almost impossible to see the bottom...
Profound believers in Santa Claus may possibly attribute Bonar Law's surprising generosity to the approach of Christmas. His real reasons, however, are certainly not altruistic. First of all the offer is accompanied by the hitch that France content herself with a reparation of only fifteen to twenty billion marks, a decided fall from per present demand. England is tired watching the mark coast downhill; she wants to establish trade again with Germany under conditions more certain and less fluctuating and sporadic than they are now. Facing dangerous possibilities of the complete diplomatic face-about in Black Sea affairs,--Turkey...
France, on her side, loses little in accepting Bonar Law's proposals. The reduction in reparations is largely a paper-weight loss as the total depended on a gamble in futures. The gain in the release from her debt to England is a real and substantial one. With added revenue, France is now in better position to support an army large enough to feel secure, and to proceed, with the work of reconstruction in the devastated region of the north...
...adoption of the constitution of the Irish Free State marks the complete ratification of the Irish treaty. That no opposition will be met in the British Parliament has been virtually promised by Mr. Bonar Law. In essentials, the new constitution follows the British North American Act which gave dominion independence to Canada. If this form of government proves as successful in Ireland as it has worked out in Canada, the out-standing sore spot of the Empire will be healed...