Editorials.

The article presents information on political conditions around the world. Dispatches from Lima in the past few years make it clear that things are not going at all well for the program of the U.S. delegation. Announcement that the Import-Export Bank is prepared to advance credits is prepared to advance credits to finance the export of the U.S. products to China, which has now been followed by the decision to continue the extension of credit to China against gold held in this country, is heartening news.