REPARATIONS

Hokitika Guardian, 7 May 1929, Page 5

REPARATIONS

United Press Association—By Electric Telegraph—Copyngnt). PARIS, May 6. The terms of Air Owen Young’s compromise are still unpublished. It is understood that his compromise proposes that Germany slfould pay one hundred and three million pounds sterling each year for a term off thirtyseven years, which, with a further sum to be furnished from the new International Bank would mean a total capitalised sum of 1800 millions, compared with the Allies’ demand for 1960 millions. Herr Selmeht, German delegate, tentatively accepts Mr Owen Young’s suggestion, with certain economic conditions. PLENTY TO PAY U.S.A. BRITISH CALCULATIONS. LONDON, May 5. Commenting on Air Owen Young’s compromise proposal, the “ Morning Post” says: “For the first time, Germany offers a figure that is within Clio margin which the Allies can accept. The figure which now is in process of ■greement will suffice to pay the Allied debts to the United States in thirtyseven years; whereas Britain has agreed to continue paying America for fifty-eight years, hut this discrepancy does not disturb the British experts, as the profits of the proposed Bank International may lie used for the later payments. Moreover, as one off the delegation said, “ Who can say what will happen in the course of a generation ? ” The coming tussle over the reparations will now concern a diminution of the payment for reconstruction in the devastated provinces in France and Belgium.” ANOTHER VERSION. LONDON, Arav 6. The “Financial Times’s” Paris correspondent, who is at Paris, states. “Air Owen Young proposes that Gomany shall pay fifty-eight annuities, commencing with 86 millions and rising to a maximum of 122. V millions, hut after the thirty-seventh annuity, there would he a big decrease Tor the next twenty-one years.