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In recent developments in the Mediterranean statesmen and publicists are convinced that the occupation of Albania will turn out to be even more costly to Benito Mussolini than the occupation of Czechoslovakia has been to his opposite number in Germany. During the Ethiopian crisis in 1935 the British fleet scuttled out of Malta without waiting to count ten. Had war broken out, it would likewise have had to abandon Alexandria, where it had taken shelter. All Egyptian bases including the Suez Canal were then undefended, Italian submarines and bombers would have met very little resistance. Indeed, British naval officers made no secret of their intention to clear out of the Mediterranean in case of hostilities and take up a position west of Gibraltar.

Presents news briefs related to various political issues from around the world. Statement that Great Britain, France and the U.S. supplemented the understanding for international protection of currency values with an agreement to control the movement of gold; End of the Arab strike in Palestine; Threat by the Soviet Union that if Italy, Germany and Portugal did not cease aiding the rebels, the country would consider the neutrality pact at an end.

This section offers international news briefs on business. In Italy, the actions prompted by the demands for colonial security, territorial and economic expansion have brought up the problem of redistribution of economic resources. In Germany, the government has threatened to punish farmers who are refusing to sell their surplus. In Great Britain, the government is planning a new approach to address the possibility of trouble with Italy in line with the peace negotiations.

The British government's decision to participate in the existing world race in armaments is explained in this article. The Foreign Office looks upon British rearmament as the one hope of preserving peace in Europe. There is a certain plausibility in this contention. With Germany and Italy armed to the teeth, a general war appears inevitable unless the League of Nations can be forged into a powerful instrument of collective security. This can only be brought about if two conditions are fulfilled, an effective system of sanctions must be developed and machinery must be created to correct some of the more glaring injustices perpetrated by the Treaty of Versailles.

The author reflects on the reality of fascism and conservatism surviving and reemerging throughout Europe post-World War II. The political situations in Hungary, Austria, France, and Italy are addressed. The author asserts that the U.S. and Great Britain should address the political situation of Italy in particular, and support the democratic forces in that country and in Germany.

The article discusses business analysts' observations regarding a trend away from war despite Italian Fascist leader Benito Mussolini's visit to Germany in 1937 to meet with German Nazi Party leader Adolf Hitler. British Prime Minister Neville Chamberlain disclosed that he intended to weaken the Rome-Berlin axis. Mussolini's government is also said to be concerned over Great Britain's decision to force priority for rearmament orders over routine business. The easing of war tensions in Europe is also cited as a factor in the commodity markets.

Focuses on the foreign policy of Great Britain. Statement of Great Britain's ex Prime Minister David Lloyd George that Great Britain has not carried her point about the League of Nations but has managed to add the bitter enmity of Italy to that of France and intensify British isolation; Report that it can hardly be denied that today France exercises a military hegemony much more complete than that which in the past provoked British resistance in the shape of wars lasting generations; Report that while most of the politically conscious press of all parties has supported the government in its fight with Italy for vindication of the League, the popular and less political press of the Rothermere, Hulton and Beaverbrook trusts is all violently anti-League and the first is maliciously critical of the government's entire policy; View that a policy of complete isolation and intensive imperial development must include one of thorough going imperial defense based on the maintenance of naval preponderance with coal stations, open lines of sea communications, etc.; Alternative to the government's present foreign policy to share the French hegemony and cooperate in the more or less permanent subjugation of Germany; Information on the two possible courses for Great Britain--return to the ancient balance of power or the transformation of Europe into a community of power; Report that the thing which made the realist policy impossible was those who boast of their realism, the anti-League Die-hards supported by the anti-League and anti-Hun popular press; View that only under internationalist or League policy can the inevitable drawing nearer to Germany be made the means of French or Italian security.