It is true, on the contrary, that the Italian Government had advised France to limit, as far as possible, the military character of the advance in the Ruhr district, and not to reject all possibilities of agreement in this burning question. But if this understanding, which would give peace to Europe, were to be realised, it is the opinion of Italy that it could not come about without the co-operation of England. Italy, which has no coal, cannot afford the luxury of renunciations and isolation, but it is as well to make it clear—because it is the truth—that Italian policy upon this occasion, as upon all others, is inspired by considerations of a general nature, as decided in the Memorandum of London, for the protection of Italian interests and of European economics generally. The Italian Government thinks that if there is a possibility of agreement—and it works in this direction—it would be a grave mistake on the part of Germany to refuse it. It seems as if a _détente_ between the French command and some of the industrial magnates of the Ruhr district has already taken place. As for the mass of the workmen, it appears as if they do not intend to put insuperable difficulties in the way of the work of control. The payment of the quota for the 15th January is postponed until the end of the month. There are, therefore, fifteen days of useful time, sufficient to mend the situation. It does not seem improbable that the French will support the Italian project presented at London upon the subject of reparations. As for the attitude of the Soviet Government, it appears to be very circumspect, and has not changed from that previously manifested, though only in words, towards the German proletariat. From Lausanne comes satisfactory news. I have the pleasure of announcing that, in some of the very delicate questions which seemed to be leading to a rupture, such as that of minorities, if an agreement has been reached, it has been due to the wise and level-headed work of the Italian Delegation. (Without discussion, the declarations of the Prime Minister are unanimously approved.) _The Great Fascista Council._ My colleagues in the Cabinet will certainly have read with attention the deliberations of the Great National Council of the Fascisti, and have noticed the importance of their character.