REPARATIONS

Hokitika Guardian, 10 May 1929, Page 5

REPARATIONS

AIR YOUNG’S PLAN

(United Press Association.—By Electric Telegra pit.—Copyright. }

LONDON, May 9

“ Tlio Times’s ” J’aris correspondent says that it is understood that .Mr U.wen Young’s plan has suggested the following changes in the Spa pcrcen "tagcs of the reparations: British Empire, from 23 to 19 per cent ; Frame unchanged at 52 per cent; Italy .from 'l2 to 10 per cent; Belgium uiicertniji,. but probably Irom eiglit to five per cent. r IHE GERMAN ATTITUDE. PARIS, May 9. r l ho British delegate, Mr Stamp’s report on Mr Owen Young’s plan was completed at two o’clock yesterday morning. A copy reached Herr Seliaclu (German delegate) at breakfast, and lie required at least one day to study it. lienee there was no development in that connection yesterday. Similarly, Air Young’s Spa percentage plan is in a state of suspense. It is understood that a counter propoi.il will be submitted. . Dr Stresemann (German Foreign Minister) at a . dinner to foreign press correspondents, spoke hopefully of the reparations discussions. . Ho said that he expected that they would lead to a result beneficial to all. » FRENCH COMMENT. (Received this ,dav at, 8.30- n.m.) ; ' ; PARIS, May 9, The critical attitude of the French press Britainwards continues; The “ Echo de Paris ” calls on Sir J. Stamp to have the courage to retract the previous decision and tell Mr Young his annuities are insufficient. The. “Figaro" says the British treasury always counselled a maximum reduction of the German debt but on condition she did not suffer itsell. The British contention is untenable. It is impossible to satisfy Germany without costing. .Britain something. The '“ieuvre " sharply attacks, the (United. States. ilie monstrous fact is the conference in Washington, doesn t stir- .and only demands 26) million marks ex-Germany for United States but doesn’t reduce its bill for Rhineland occupation .expenses by a cent.