REPARATIONS.

Hokitika Guardian, 13 December 1922, Page 3

REPARATIONS.

AUSTRALIAN AND.N.Z. CABLE ASSOCIATION. UONAII LAW NON-COMMITTAL. LONDON, December 11. The “Daily ChronirieV’ Pans correspondent slvys: “Surprise exposed here at Mr llonar haw s nH> tulc at the Conference. Hitherto Mi LlojM George was regarded ns I'rance s clue enemy. Noav it is discovered Bon nr Law’s policy is indistinguishable Horn Air Lloyd George’s, ft- is reported - Bonar Law told M. Poincare over the week-end :-“If you I'eiieve s n * France’s interests to go to the Emir, byTmeans go; but Britain will not acocmpany you.” ~ The French press recalls that Mr Lloyd George always said practn a .. the sinne thing. ... p; . “L’Oeuvre,,” contrasting (M. Pom points out that many times mine repa rations were received during M B and’s regime than during M. loin care’s. CLEMENCEAU’S VIEWS. NEW YORK, December HM. Clemenceau, at Chicago, addressed the American- Farm Bureau. He declared that the American farmer ** must see that the Versailles Treaty s enforced if they want a market their wheat. 1< oreign m< • *■ • . y on not to -be secured by an '■ policy. FRENCH STUBBORNNESS. LONDON, Dec. 11. British official circles state they realise that only a yomplctc vevmsaof the French point of view would make an Allied agreement possible regal ding the Ruhr. , Before the Conference bioke up. Signor Mussolini protested vigorously that if the Allied statesmen would only display average courage and lea--1 ii.n« «i General and iinniosonaldeness, then a diate settlement was possible both le \ garding the reduction and the cancellation of the Inter-Allied debts. M Poincare is reported to stated that, though Signor Mu»ol«i s proposal conceded all the pledges that were demanded last August those no longer would be sufficient for Fiance. MUSSOLINI’S COMMENTS. LONDON. Dec. 11 Signor Mussolini. Italian Premier, interviewed, said the London Conference might have ended better but this is the first time that the questions of the debts and the reparations have ~ been considered together, leaving America out of the question. Therefore. He said, we must he content. ■ Interval until the second of January will be useful. It is imperative that a addition shall he reached then. «» __ the moratorium expires on t lie ~~ of January. , , The German note, he stated, has been found unsatisfactory. Italy’s attitude regarding the occupation of the Ruhr depended upon whether, in the interval, the. Germans would show the slightest symptom ot V tked U whether Italy would side with France, if Germany bad f".tli. Signor Mussolini said:— Wai ■ see!” He added that one could be assured that the Balfour debts note haS FBENSr DTsIpPOINTMFNT Disappointment is expressed that the London Conference has adjourned without reaching an agreement regiming the necessity for taking immediate action against Germany, particularly regarding the seizure of the , Ruhr. “Le Temps” says:—“Action, action—and only action is necessary to save Europe. FRANCE TO OCCUPY RUHR. LONDON. Dec. 11 it is reported in French circles Germany will be granted a moratoriumtill January IStli. France will or-ruuy Ruhr as a condition. GERMAN VIEW. LONDON, December 11. An authoritative German quarter m London indignantly the French suggestion that the German note was only evolved under pressure of a threat to occupy Ruhr. On the contrary, the German Government would not have produced the plan if it believed the Allies thought such pressure necessary. Its production of the plan was evidence of Germany’s willingness to cooperate in any definite solution of the reparations pioblem. The money derived by German and external loans would be utilised not merely in stabilising'the mark but in paying reparations. The only way of paying was by loans, but Germany was unable to guarantee the issue of the proposed loan immediately. No foreign investor would invest if Ruhr was to Re occupied. Germany must lie granted • considerable rest to regain confidence. AH talk like Mussolini’s of a great international loan was nonsense. Such a loan would be only possible when the reparations question was completely solved. CONFERENCE DISSOI ,VES. (Received this dav at 0.30 a. n.) LONDON, Dec 12. M. Poincare. M. Tliciinis and Signor Mussolini have departed for Paris. The “Petit Pnrisien” says though the Conference results were negative, the future is nowise compromised. The “Journal” states the new British Cabinet is disposed to consider the inter-Allied debts from a purely European standpoint. The Ha!four note lias been scrapped. NOT SATISFIED. ,Received this dav at 10.30 a.m.l BERLIN, December 12.

HfiT Stiunes’s organ “Deutsche Allegonieine severely eritieises the Clovermnent for failing to consult the lending industrialists before sending the reparations proposals to London. The Government proposals were unacceptable and likely to leave the final solution thornier than ever. Government could have had the help of industry for the asking and industry would have striven to offer something definite and concrete to the creditor nations in order to bring to a finality j the protracted negotiation and confer- | cnees. | ALLTEL DEBT'S. 'Received this dnv at 10..10 a.m.' LONDON, Dec. 12 Him. Bonar Law, in the Commons, stated owing to the Conference of Allied Premiers being adjourned till Tanunry, he was unable to refer to the decisions which had already been taken. There was, however, one subject, the question of European Allied debts, os it may be regarded to a certain ex-

tent as a departure from the previous policy, lie thought it better to give the words he had used. He said it would not be right that the settlement should be fixed in such a way that we only, of all the countries be virtually paying an indemnity. What did seem fair was to consider the whole amount that could lie obtained from Germany and say as you are not getting all you expected from her we must reduce oniric im. He also added that if there was a riiunce of a complete settlement with the prospect of finality wc would he willing to run a certain risk in the end, of not receiving from the Allies and Germany as much as wc might have to pay America, but it would be foolish to make such a concession if the. whole question were going to be reopened again.