ALLIED CONFERENCE.

Hokitika Guardian, 25 July 1924, Page 2

ALLIED CONFERENCE.

[Reuters Telegrams.]

.MB MACDONALD’S STATEMENT. LONDON. July 23.

Ait official communique in connection with the Allied Conference shows that after Mr MacDonald issued a 'tat.'meiit ia regard to the representation of the Domini.ms, and India, similatlv, Mr Thomas made an aimouu-viuent *o the House of Commons that a Committee of Jurists had been apno nt ' I to report oil the question of whether f.e putting into operation of the Dawes plan would give rise to questions, and if so. which ones would require to l»? settled by agreement with Germany, and what procedure should be adopted in order to arrive at such agreement, without in any way running counter to the Treatv of Versailles.

Consideration of the repo'i of tl'O First Committee was deferred, pending the conclusion of the work of the Second and Third Committees. •

Sir \V. Kiiulersley has submitted the report of the Third Com.nit too regarding the organisation to he established for putting to proper use .iio payments made by Germany, partie i'-i the lebvo r ios in kind. The Com tiit'oe are of opinion that the Reparation Commission's existing inter-.'*OL* I -e;vice

is eminently suited to mis ini'.pose. Therefore, it is unnecessary to appoint

a new hotly. As to the results of a discussion, the terms of reference of the Third Committee have been extended. The plenary conference sat for two hours. Some progress was made. A new plenary meeting was arranged, but it is understood the various committees will sit at the week-end when several questions will he re-submitted to the committees for further consideration. BAXKEBS’ ULTIMATUM. LONDON, July 24. Though the London Conference met in plenary sitting, the day lias been one of stocktaking, and there was no progress, owing to the difficulty with tho bankers, though the general belief is that the French delegates are showing a desire to meet the wishes ol the other delegates.

The "Daily Telegraph’s" political correspondent says —The British and American bankers are st’ll intent on doing away with the real powers of the Beparations Commission, atul they also insist, that separate action by any single power be barred before they will consent to underwrite a loan. 1* ranee regards this as a step towards the destruction of the Treaty of \ ersailles. All the ingenious formulae presented by M. Theunis have this far failed to shake the eoitvi.-lions of Sir AY. Xortnan and his hanker colleagues.