The territories taken from Hungary represent two-thirds of her mineral wealth; the production of three million quintali (300,000 tons) of gold and silver is entirely lost; the great production of salt is also lost to her (about 250,000 tons). The production of iron ore is reduced by 19 per cent., of anthracite by 14 per cent., of lignite by 70 per cent.; of the 2,029 factories, hardly 1,241 have remained to Hungary; more than three-quarters of the magnificent railway wealth has been given away. Hungary at the same time has lost her greater resources in agriculture and cattle breeding. The capital, henceforth, too large for a too small state, carries on amidst the greatest difficulties, and there congregate the most pitiable of the Transylvanian refugees and those from other lost regions. The demographic structure of Hungary, which up to a few years ago was excellent, is now threatening. The mortality among the children and the mortality from tuberculosis have become alarming. At Budapest, even after the War, the number of deaths surpasses the number of births. The statistics published by Dr. Ferenczi prove that the number of children afflicted with rickets and tuberculosis reaches in Budapest the terrific figure of 250,000 in a population of about two millions. It is said that practically all the new-born in recent years, partly through the privations of the mothers and partly from the lack of milk, are tuberculous. The conditions of life are so serious that there is no comparison; some prices have only risen five to tenfold, but very many from thirty to fifty and even higher. Grain, which before the War cost 31 crowns, costs now 500 crowns; corn has passed from 17 to 220 and 250 crowns. A kilogram of rice, which used to cost 70 centimes, can be found now only at 80 crowns. Sugar, coffee and milk are at prices which are absolutely prohibitive. Of the financial situation it is almost useless to speak. The documents presented to the Conference of Brussels are sad evidence, and a sure index is the course of the crown, now so reduced as to have hardly any value in international relations. The effective income is more than a fourth part of the effective expenses, and the rest is covered especially by the circulation. Such is the situation of Hungary, which has lost everything, and which suffers the most atrocious privations and the most cruel pangs of hunger. In this condition she should, according to the Treaty of Trianon, not only have sufficient for herself, but pay indemnities to the enemy. The Hungarian deputies, at the sitting which approved the Treaty of Trianon, were clad in mourning, and many were weeping. At the close they all rose and sang the national hymn.