COAL AGREEMENT

Dominion, Volume 13, Issue 252, 19 July 1920, Page 5

COAL AGREEMENT

SIGNED BY THE GERMANS

LOAN TO GERMANY DEPENDENT ON DELIVERIES DIVISION OF REPARATION PAYMENTS By Telegraph-Press Association-Copyright (Rec. July 18, 5.5 p.m.) London, July 17. Spa messages state that. Herr von Simons at the afternoon session proceoded to argue, when M. Millcrand intervened and demanded a direct affirmative or negative. Von Simons ignored the request. Thereupon M. Millerand whispered to Mr. Lloyd George, who roso and politely invited, the Germans to retire to the tearoom until they could answer yea or no. The Germans returned at 8.45 in the evening and signed the agreement, with a reservation concerning the Allies' claim to occupy Ruhr in the event of nonfulfilmont.—Aus.-N.Z. Cable Assn.

DISTRIBUTION OF THE COAL. Spa, July 16. It is understood that the Allied terms make a loan to Germany dependent on the amount of cool delivered during the ensuing six months, tho valuo of which will be fixed by the difference between the Gorman pit price and the f.o.b. price at German ports, or the market f.o.b. price at British pom. France will receive 1,600,000 tons a month, Belgium 150,000 toils, and Italy 250,000 tons.—Aus.N.Z. Oable Assn. germanleparations ALLIES! AGREEMENT AS TO DIVISION. (Reo. July 18, 5.5 p.m.) London, July 17. An agreement haß been signed at Spa between Britain, France, Italy, Japan, Belgfiim, arid Portugal providing that the German reparations shall be divided as follows: Britain, 22 per cent.; France, 52 per cent.; Italy, 10 per cent.; Japan and Portugal, each 0.75 per cent.; Belgium, 8 per cent; The' remaining 61 tmr cent, will be reserved for Greece, Rumania, and others. Provision waa also made for dividing the Austro-Hun-garian and Bulgarian moneys.' The Allies undertake to facilitate the issue of German loans destined for Germany's internal requirements and the prompt discharge of debt to Allies.—Aus.-N.Z. Cable A6sn.

CONFERENCE k GREAT SUCCESS GREAT ADVANCE MADE TOWARDS PEACE. (Eeo. July 18, 11.5 p.m.) Spa, July 17. Mr. Lloyd George told the Press correspondents he regarded the Conference as <> great success, and' that its results would soon bo apparent. A great advance bad been made towards peace. Both sides had reached a better understanding ■of the, problems. the French, who at first were sceptical, now agreed that, the Conference wa9 a success. Referring to the effect of the Bql* phevik successes, Mt. Lloyd George said that the German delegation were entirely nnti-Bolsbevik, and pointed out that disarmament was more important than .-coal, as the whole of Germany's futuro relations depended upon it. He showed undisguised admiration for Herr von SimonsV ability and courage.—Aus.-N.Z. Cable Af&n.

ALLIED CONFERENCE TO RESUME. AT GENOA. (Recr July 18, 5.5 p.m.) Spa, July 17. The Allied Conference will resume a fortnight hence at Geneva.—Aus.-N.Z. Cable Assn.

DEMONSTRATIONS AT FRENCH EMBASSY ALLEGED OUTRAGES BY TROOPS. Berlin, July 16. The authorities have offered a Toward of 1(1,000 mnrks for the discovery of the youth who hauled down the French Hag. - The Press denounces the escapade. A further demonstration was made by students before the French Embassy, to protest against alleged outrages V French colonial troops in the occupied zone. The police dispersed the mob—Aus.-N.Z. Cable Assn.