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I. The Honourable Fynes Beverley, Anglo-French committee, or crown tenant, sub-let soft Francis for L. 300 a year, pocketed L. 300, and washed his hands of Frank. Mr. Heselden, the sub-tenant, sub-let the Softy of high degree for L. 150, pocketed the surplus, and washed his hands of him. The L. 150 man sub-let him to Dr. Wolf at L. 60 a year, pouched the surplus, and washed his hands of him.

A narration of the incident may, for the sake of convenience, though involving some anticipation of the future, be dealt with in three sections: from the Anglo-French Agreement of 1904, and the Emperor's visit to Tangier in March, 1905, to the Act of Algeciras a year subsequently; from the Act of Algeciras to the Franco-German Agreement of 1909; and from that to the let it be hoped final settlement by the Franco-German Agreement of November 5, 1911.

That visit of the French Fleet was quite an historical event, for it was the first outward manifestation of the Anglo-French Entente. The Anglo-French Convention had been signed two years previously, on April 8, 1904.

But, on reflection, Colville, who had sought to reassure himself with regard to one whose name stood for the incarnation of gastronomy and mental density in the Anglo-French clubs of Paris, had come to the conclusion that nothing was to be gained by forcing a quarrel upon Turner.

Now the Russians are again entrenched, their supplies are restored, the Germans have a lengthened line of supplies, and Bloch is back upon his pedestal so far as the Eastern theatre goes. Bloch has been equally justified in the Anglo-French attempt to get round through Gallipoli.

The Bulgarians, on the contrary, were obliged to spread themselves around the wide semicircle formed by the Anglo-French lines. To have taken Saloniki would have been for them an extremely costly undertaking, if, indeed, it would have at all been possible.

All along France had viewed the reconquest of the valley of the upper Nile with ill-concealed jealousy, and some persons have maintained that the French Government was not a stranger to designs hatched in France for helping the Khalifa . Now that these questions have been happily buried by the Anglo-French agreement of the year 1904, it would be foolish to recount all that was said amidst the excitements of the year 1898.

Yet such a tour, costing so little as regards money, time and fatigue, teems with interest of very varied and unlooked-for kind. Every inch of ground is historic to begin with, and has contributed its page to Anglo-French annals or English romance. We may take the little railway from Hesdin to Abbeville, traversing the forest of Crecy, and drive across the cornfields to Agincourt.

Only the keenest, shrewdest men should be selected, for it must be borne in mind that France will spare no pains to uphold the recent Anglo-French Convention. Her most astute diplomats will figure largely, for her dignity is at stake. Indeed, her very position, diplomatic and political, is in effect challenged.

The Anglo-French Commercial Treaty of January 1860 seemed to betoken the speedy conversion of the world to the enlightened policy of unfettered exchange of all its products. In 1862 and 1865 the German Zollverein followed suit, relaxing duties on imported articles and manufactured goods a process which was continued in its commercial treaties and tariff changes of the years 1868 and 1869.