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THE WEL SH Vol. XII. No. 12. SIXPENCE DECEMBER, 1925. Notes of the Month The Musical Outlook SIR H. WALFORD DAVIES Cultural Value of Welsh D. MIALL EDWARDS Geneva and Locarno CHARLES K. WEBSTER "Watkin, White Lion" EVELYN LEWES The Financial Outlook w. TUDOR DAVIES Poetry. Reviews. Correspondence.