REPARATIONS CRISIS

Hokitika Guardian, 20 April 1929, Page 5

REPARATIONS CRISIS

DEADLOCK REPORTED

(United Press Association.—Hy Electric Telegraph.—Copyright.]

PARIS, April 19

Reports that the Reparations Conference bad resulted in a deadlock spread rapidly, but that scarcely represented the actual facts, though tbe situation is critical.

What happened was that tbe subcommittee which was appointed in an endeavour to bridge the gap between tbe German and tbe Allied proposals, failed after five Hours’ strenuous work, to agree. Heir Schacht (German representative) was courteous, but firm, and lie did not budge one inch. The sub-committee will report its failure to-day to the plenary session of the experts, who are faced with the responsibility of making a grave decision.

If there is is no hope of an agreement it will probably wind up ten weeks’ work of the finest financial brains in Europe with majority and minority reports.

The German offer is at present about equivalent to two thirds of the sum required to meet tbe Allies’ reduced demands.

It it stated that Herr Schacht has refused to raise the German offer by one pfenning.

The press reveals that Herr Schacht at the eleventh hour introduced a political element by making an offer of 82 million five hundred thousand pounds sterling yearly for u term of thirtyseven years.

REPARATIONS DEAD I,OCK

(Received this day at 8 a.m.) PARIS, April 19

Commenting on the reparations daedloek “Le Petit Parisien” opines that an over-tragic view should not be taken of the Germans who had not said the last word. Schacht apparently lost control of himself. Aluch time will he required to dispel the dark clouds due to his maladroitness. The “Echo de Paris” declares Ambassador Von Hoesch informed AT. Briancl two days before the funeral of Marshal Foch,' that the Germans would not tolerate the Rhineland commission longer than 1935. adding that Germany would again ask for the evacuation, reiving on expected assistance, following the British general election.

(Received this dav at 10.30. n.m.t GENEVA, April 19.

'Hie Preparatory Commission adopted the opinion of the Bureau Committee legal advisers that it should continue the preparation of a draft disarmament plan and allow the SoHet to submit its project to the Disarmament Conference proper.