Image Credit... International Herald Tribune

(BY TELEPHONE) LONDON, SUNDAY. — The Peace Conference is confronted with four important matters for discussion this week, not least the important of which is the Russian question. When M. Millerand, who returned to London this evening, resumes his part in conference to-morrow, he will face an agreement between Great Britain, Italy and Japan to recognise the Soviet Government. As a result of recent reports received from Soviet Russia, and on account of domestic political exigencies in London, Rome and Tokio, the representatives of those three capitals went as far as possible last week towards the inauguration of their new policy, pending the return of M. Millerand.

However, M. Millerand has been kept informed all the time, as all realise that the feeling of the French people and French Government is anything but the same as that of the others in regard to Soviet Russia.

While Britain has been forced to withdraw from Russia with losses, as America did; while Mr. Lloyd George is being continually pressed by the growing strength of the pro-Soviet Labor party; while Italy is faced with the necessity of conciliating her radicals; and while Japan is desirous of exploiting the nearness of Russia, the diplomats of these countries realise that there are millions in Russian bonds held in France which have been made valueless by the Russian Revolution. They realise that they cannot pass over these losses without showing an adequate return for them.

M. Millerand to-morrow will be faced with the following state of affairs:

First: That the Moscow Government, with the collapse of the Archange front and the destruction of the Deniken and Kolchak offensives, is in complete control of practically all of the old Russian Empire, with the exception of the new States.