In answer to other questions, Mr. Bonar Law said that the British Government had not changed its policy expressed in the Paris resolutions since the entrance of the United States into the war; he had every reason to believe that America was very anxious for unity of economic control, and agreed that any useful action would be much more effective if taken in conjunction with our allies. Lord Balfour of Burleigh's committee considered the question of the denunciation of commercial treaties and reported against it. The report contains a summary of the various commercial treaties which are in existence between Great Britain and other countries. Those with enemy countries have been terminated by the war. In the case of allied countries commercial treaties on the basis of reciprocal most-favored-nation treatment are in force between the United Kingdom and Italy, Portugal, Russia, the United States, Japan, Serbia, and Montenegro. There is a similar treaty with Rumania. United Kingdom goods have most-favored-nation treatment in France, owing to a legislative enactment and not by treaty right, for customs duties were excepted from the scope of the Anglo-French commercial convention of 1882. Great Britain has commercial treaties on the most-favored-nation basis with Switzerland and Greece. In the case of the Netherlands and Denmark, the general principle of most-favored-nation treatment is subject to minor limitations. The position with regard to Sweden and Norway is doubtful; but the old treaty of 1826 with Sweden and Norway on a reciprocal most-favored-nation basis has continued in operation in practice, in spite of the dissolution of the union between Sweden and Norway in 1905. Outside Europe, Great Britain has commercial treaties providing for reciprocal and unconditional most-favored-nation treatment with Argentina, Bolivia, Colombia, Honduras, Mexico, Nicaragua, Paraguay, and Venezuela. Those with Costa Rica and Liberia are conditional. Nearly all these commercial treaties are subject to a fixed period of notice on either side as a condition of denunciation. The treaty with Japan cannot be terminated before 1923. The treaty with Portugal has only recently been completed, after years of negotiation. Twelve months' notice of termination is required in the case of the treaty with Switzerland and of most of those with neutral countries outside Europe. The Spanish agreement--it is based on an exchange of notes in 1894--is subject to six months' notice. Before the war there was no commercial treaty between the United Kingdom and Germany. The United Kingdom enjoyed most-favored-nation treatment in Germany in customs matters by virtue of a biennial law. Exchange of Naval Greetings With England The following exchange of greetings between the heads of the navies of the United States and Great Britain was made public: _Washington, April 5, 1918._