ALLIED CONFERENCE.

Hokitika Guardian, 15 August 1924, Page 3

ALLIED CONFERENCE.

TN 1C (MCIt.MAX AGREEMENT. WHAT AMICItICA WANTS. ("Sydney Sun” Cables). (Received lliis day at !!.ii-T a.;n.) LONDON. Ainr. M. An aiitlmritv acquainted with Die inner history nl Loudon (.'nnleremcs asks (be Ddipjiiiutis to consider whether Mr MacDonald is conscientiously oi unconscioiislv sacrificing their interests to secure a European settlement at ally price. lie asserts the Kings inline was excluded Iroiii the provisional Anglo-Soviet agreement heeanse tile Soviet refused to make an agreement with a monarchy and lie sugjrssts the Dominions should insist on information concerning the status ol their nationals ill Russia in the event of the ratification of the agreement. f with them.

.Regarding the inter-Allied. Coiiierence, the authority asks whether tlm Dominions (lovernments were lolly acquainted with the Soviet clauses in the proposed treaty, lie declares that America is endeavouring to exercise a dominant inllucncc to secure her own terms. The American hanker-, think the loan guarantees under tin* Da we* scheme are reasonably good, hut want the British Government to guarantee the American investors their portion ill the event of a German default. They also want provisions tor the wiping out of portion of the mterAllied debts. Are the Dominions, lie says, con-

tent to sacrifice any part ol the iepa rut ions from Germany, or to -ee the Frfncli or other allied debts partly, or wholly wiped out. Both issues are possible under tin- agreement reached at the London Conference. Such a Hettlcnioiit Ik* disastrous to t u* Empire’s producing industries, because the industries of Britain. the Dominions and the Column* continue to he saddled will, a gigantic Kel.t; while Germany, Krnnecpnd IDissia have almost no debt. America is anxious for a settlement because she fears that the economic crisis might cause a collapse of her export trade owing t„ the inflation of credits and prices from her excessive accumulation o gold. The proposed .agreement would avert an economic crisis and ciia America to develop her exports ami exploit Europe by financing German indust rial enterprises and Hooding tree trade Britain and the Dominions wuh cheap Roods, thus undercutting tlm Empire’s industries.

, german consternation

[Reuters Telkgaams.]

(Received this day at 11.2-5 a.m.) NEW YORK, Ana. I t. The decision by British and American Eepcrsoiitntivcs to support !• ranee n.i> caused consternation aiming the ■'imans, who fed the adoption in I lie I" 1 ’; posat will l.recinitate he full ‘ | Ccnmin Gavenimeiil. Ihe issue '* p,ariled as so momentous that soon dak-antes may po to Berlin to cm si. C’ahinet before replying. !•"’ mans were given two hours to rc|d. to the French evacuation proposals, wlucii the Anglo-American delegates appitned.