Speaker. the fivepoint proposal for settlement in the Middle East offered by the President yesterday is a fair and sensible approach to lasting peace in that explosive area of the world. President Johnson has urged an evenhanded solution to the basic problems which underly both the outrageous aggression against Israel over the last 20 years and Israels rebirth as a State in 1948. He has called on the parties to move the temporary ceasefire towards a permanent armistice by sitting in conference with the Israelis to iron out at least some of the immediate problems which threaten the peace and security of the Middle Eastproblems such as Arab recognition of Israel and the Palestine refugee question. Of equal significance is the Presidents plea for a monitored limitation of the arms race in the Middle East. There are grave doubts that this war would have occurred had not the Arab military been supplied with Soviet weapons. just as there is some doubt about Israels ability to meet the Arab threat without the aid of Western munitions.