Woodrow Wilson: “I believe that it will be serviceable for me to set forth as explicitly as possible the alternative courses that lie…”

The soundness of the principle embodied in Section io seems generally to be admitted.

I herewith call your attention to an agreement with Belgium made by the British and French Premiers and myself.

The price of wheat is a world price; and it is a matter of little moment whether the Canadian wheat goes directly into the markets of the other countries of the world or indirectly through this country.

Each of the undersigned will recommend to the appropriate governmental agency of his Government that upon the delivery to the Reparation Commission of such bonds his Government accept an amount thereof corresponding to the sums which…