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The Council of the League of Nations, sitting in Paris, approved two protocols providing for financial reconstruction of Hungary on a plan similar to that adopted early this year in the case of Austria. The gist of the scheme is that Hungary is to turn over the revenue from customs and State monopolies to the League, in return for which the League will float a loan of 250,000,000 gold corona and establish budgetary equilibrium by June 30, 1926. The scheme is to go to Budapest for ratification and is to be discussed by a sub-committee of the League and representatives of the Little Entente in London during the month of January.

Brand Whitlock, U. S. Ambassador to Belgium during the War, was invited to preside over a neutral commission which is to disentangle the Memel controversy. Memel, a port on the Baltic Sea, was transferred to the Allied and Associated Powers by the Treaty of Versailles and subsequently awarded to Lithuania (after Lithuania had taken it). The Lithuanian Government, however, refused to ratify the agreement of a convention framed to regulate the future of the seaport. Negotiation with the Council of Ambassadors failed and the question was finally referred to the League.