ALLIED CONFERENCE.

Hokitika Guardian, 24 July 1924, Page 2

ALLIED CONFERENCE.

[IT Kuxmts T ici. anil a ms.]

’l l I !•! HA NK FI!S‘ DEMANDS. LONDON. .Inly 2:!. 'l'iie fate of the Dawes plan still hang in the balance . The “Daily Telegraph" diplomatic writer says: M. licrrioti (the French Premier) on Monday night openly slated that, if ho bad to choose between the forty million loan and the 1 realy of Versailles, be would choose the '1 reatv. as lie could not compromise the future sovereignity ol France, but the Belgian state-men are calmer and more optimistie. M. ’I lieunis immediately got to work upon a new formula which i- likely to be more satisfactory to the bankers, who were told that, if they desired special Ccrntan revenues to be earmarked for the forty million loan, the Allies Mould gladly agree. It is stated, from Froneli -"lines, licit the bankers demand that the qiie-tion ol recognising (lermany's defaults slioiil I be taken out of the bauds of the Depuration- Commi—ioil. and it is added that- international investors will not subscribe while there is any risk of a rcpijtition of (onlliets which are poisoning international lite. Ibe American bankers are of opinion the public will bold aloof if there is any chance of money going to France in order to pay th" reparations instead of Cermany using it to restore her own finance-. “The Daily Herald” say- Sir W. Norman (representatiug the Bank of England) Mir Kindersley (representj- • |. -■i • I Freres) and Mr l.amont (of .Morgans fare emphatic in declaring that they would not undertake to raise a loan on the present term-. They are anxious that the arrangement should not only have C'ermaiiy's formal assent but also (lermany’s goodwill. On the contrary M. Ilerintt is working under intense pressure from Paris. ’Hie shadow of Poincare is looming over the Conference.

Fl'l.b 11K FT INC OF COXFFH KN(T LONDON. July 22.

Whatever happens, a full meeting of the Allied Conference to-morrow is al-tiio-t certain. The reports of the three committees appointed last week will be considered. The litianeial experts had two long meeting- with the banker-’ rere-eiitalive> to-day regarding tin- Allies’ views about security for a Oerman forty millions sterling loan. I. i- expected the banker-’ viewwill lie submitted at to-morrow's conference. The sub-committee of Committee Two. comfirising expert-, will iini-li tie- examination of the question of the restoration of Cerman eeonomie unity to-night, in readiness for the conference's eoti-iderafion to-morrow .