WAR DEBTS.

Hokitika Guardian, 13 January 1925, Page 2

WAR DEBTS.

LATEST CABLE NEWS

[Reuters Telegkams.j EBERTS’ RESIGNATION HE- J MANDEI). BERLIN, Jan. LI. ’1 lie Nationalists have tabled a motion demanding President Ebert’s immediate resignaion. DETAILS PUBLISHED. < BRITISH DIPLOMACY SCORES. PARIS, Jan- 11. It is learned the details of the agreement at the Conference, published from a French source, are mainly accurate in regard to broad principles, but any figures relating to the amounts payable to Hie different powers are mere Miesses, inasmuch as important factors, such as total German deliveries in kind 1 during the occupation of the Ruhr, are subject to revaluation by the Reparations Commission. It is agreed that Belgium should receive her full eight per cent, of the reparations during the first Dawes year, and possibly in the second, if necessary, in order to extinguish her , priority. Otherwise Belgium would receive dut*ing the second year -IV per cent, plus a residuum of two milliards of gold marks priority conceded her, winch lws .iidt yet been paid; One hundred and sixty million gold marks will be debited front the Dawes annuities for costs of the Franco-Belgian arms of occupation. This will defray the costs of the, difference between the maintenance 'of the troops in Germany .and at homo. ; As regards the A ugh)-American Agreement the army costs will }>e spread over twenty years from the Wadsworth agreement, of A lav, 1D23; while .payments of reparations will be extended over the. whole period, and the Dawes annuities in the form of a fixed percentage, beginning from the extinction of the Belgian priority. _ The British did not accept the American figure of 350 million dollars as American reparations and a eomproj mi'se agreement provides for an annua percentage on the capital value, ulitcli will be less than the American figures. America will receive no interest except on arrears between May 1022 and the commencement of payments to America under the Dawes plan. The British attach the greatest importance to this agreement, which brings America officially into the reparations pool. ‘AMERICAN RECOGNITION, ißeceived this day at, 8 a.m.) PARIS, January 12. Commenting oil the meeting of the Allied Conference the “Petit Parisien” says that Japan demanded thirtv-two million gold marks in repayment for expenses in connection with the occupa- . tion of Shantung. “Bo Journal *' says the United States Inis apparently accepted the principle of the five years moratorium i iii regard to her debts. The “Petit Journal” expresses the opinion that France and Italy will surrender a small percentage of their percentage of German payments with aview to the extinction of the debt. This will probably form the basis of discussion, anvhow, with Britain. "Le Matin’” says that if Britain agrees to take the Balfour Note as the-' basis for a settlement of the French ' debt, it will be comparatively easy. According to two newspapers the i American percentage under the Dawes Scheme of payments will be two and a qaurter per cent., to become effective <m the extinction of the British priority debt..