AT HAGUE
MR SNOWDEN’S ATTITUDE
(United Press Association—By Electric Telegraph—Copyright). (Received this day at 12.25. p.m.) HAGUE, Aug. 5. Mr Snowden, during a private sitting, clearly defined Britain’s attitude to the Young plan, which experts had said must be regarded as indivisible and .be accepted as a whole. The Conference would be inconsistent if it followed the proposals as they stood. Britain was not committed to the committee’s recommendations. Government considered the annuities fixed bad not exceeded Germany’s capacity find objected to dividing them into two categories. Unconditional annuities carried the right of mobilisation, thus attaining greater security than conditional annuities. The proposed division gave Franco five-sixths of the unconditional annuities and Italy two millions sterling annually, leaving a negligible amount for the other creditors. The experts had not attempted to defend this, though it made Britain a heavy sufferer. The House of Commons would not agree to lurtlicr sacrifices. Justice must be the basis only, of a permanent agreement.
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Hokitika Guardian, 7 August 1929, Page 5
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160AT HAGUE Hokitika Guardian, 7 August 1929, Page 5
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