REPARATIONS

Hawera Star, Volume XLVIII, 17 July 1924, Page 5

REPARATIONS

INTEREST IN CONFERENCE. GUARDED OPTIMISM. at GAELS —PRESS ASSOCIATION—COPYRIGHT LONDON, July 16. The newspapers describe to-day’s inter-Allied Conference as the most important since £he Versailles 1 Treaty was signed. The diplomatic correspondent of the Daily Herald (the Labour paper) says it was generally recognised that the conference must navigate.the narrowest channel between the too little concession of the French national viewpoint, in order not to encounter M. Poincare’s opposition, and the too much concession viewpoint, which would jeopardise the raising of the loan of £40,000,000.

Political circles are guardedly optimistic, but the City tends to pessimism, fearing the politicians will not accept terms enabling the flotation of the loan.

NEW YORK, July 15. Mr. P. B. Moyes, a former United States Rhineland Commissioner, in a letter to Mr, C. G. Dawes, predicted the doom of the Dawes report and a continued deadlock between France and Germany unless the United States’ representative at the conference at London -was instructed by his Government to inform France that the United States desires that she should renounce her independent policy in the Ruhr. The letter adds: ‘ ‘Your new relation to the Republican Party enables you to urge upon the Administration that the ambassador (Mr. Ivellog) at the London Conference should abandon that half-hearted attitude that has been imposed upon all our representatives in Europe during the past four years, and state plainly to France that the United States believes the time has come for that country to make such concessions as are necessary to get together with Great Britain in an honest and effective attempt to put into operation the Dawes plan. I have reluctant. lv arrived at the conclusion that your plan is about to go into discard with many previous plans for the settlement of the Franco-German feud.” The American people have set their hearts on the success of the Dawes plan.

LONDON, Julv 15. The Frencli delegation to the conference was welcomed hy Mr. Ramsay MacDonald, and the members of. the French Embassy, Air. MacDonald, and M. Herriot exchanged most cordial greetings. The crowd shouted: “Vive Herriot. Good old Ramsav.”

The delegation does not include Marshal Foch, hut his Chief of Staff (General Desticker). The Italian and Belgian delegations also arrived and were welcomed by the representatives and the Premier. ■ NEW GOLD NOTE BANK. Received July 17, 9.55 a.m. BERLIN, July 16. The Government has approved of the text of a Bill establishing a new gold note bank in accordance with the Dawes report, and incidentally providing for the issue of gold 10 . and 20 mark coins, and silver coins of one, two, five, ten and fifty pfenning.— Reuter. !