Three Years of Czecho-Slovakia.

At this New Year's reception in Prague, President Thomas Masaryk summed up the first three years of the Republic of Czecho-Slovakia. Discussing foreign relations, he said that the policy pursued by this country throughout the year just ended in respect of external affairs has been neither more nor less than a continuation of the line of action and conduct adopted during the early stages of the Republic and followed with unswerving consistency ever since. Briefly and simply stated, that policy has been--while safeguarding the independence of the Republic and its freedom of action as a sovereign state-to preserve on the one hand old friendships such as those with the Allied and neutral Powers, and on the other hand to dissipate the animosities surviving from the war, to create an atmosphere of conciliation among the states of Central Europe and thus prepare the way for their friendly co-operation in the pressing work of reconstruction and in the maintenance of all-round peace.