HAGUE CONFERENCE

Hokitika Guardian, 20 August 1929, Page 5

HAGUE CONFERENCE

POWERS OFFER.

Press Association—By Electrio Telegraph—Copyright).

LONDON, August 19

'The details show that the four Powers, in their week-end offer to Britain’ included an additional-capital sum of five millions sterling out’ dl the Dawes annuity for the/period betwene the Dawes Plan and the Young Plan; ‘ ‘ '

Mr Showden admits that this offer reduces Britain’s claim from £2,400,000 to £2,100,000 per annum. v \ The, four Powers secondly, offered -Britain an. additional capital sum estimated at ten millions out of the Dawes plan payments. This, sum is only ' equal to one-quarter of Britain’s demands. " V . Tiirclly, the four Powers offered an increased share of the unconditional annuity arising from the services of the Dawes Plan loan, equal to £1,b33,000, whereas Mr Snowden claims that Britain is entitled to an unconditional annuity of six million pounds. It is now expected that the Conference, will last till- the coming weekend, because . the Queen of Holland, rfter consultations, has issued invitations to a dinner on Friday.

EXPERTS ENQUIRING. i (Received this day at 11.a.m.y THE '‘HAGUE, August a 9. A of ■ <"T*er+« ,on which Britain is represented, is endeavouring to draft a 'joint report sotting out the' advantages derivable by Britain front the Young Plan estimating the value of concessions to Britain ihade by the big four Powers. In the event of there being no ' agreement, the”four Powers are ’likely to propose ■' neutral arbitration, with Young or’ Pierpont Alorgan as arbitrator '' ~.

BRITISH 'iTtOOPS TO : WITHDRAW. (Received' this day at 11.25. a.m.) THE HAGUE, August 19. Mr Henderson at a meeting with M. Briand, llerr Stresenmnn and M. Hymans stated Britain would start moving troops from the area of ■ occupation during September. It is expected ! the French will continue a (policy of (procrastination until the financial results of the conference are known, the French ■ standpoint being that evacuation" inust await a full settlement of reparations and mobilisation of German payments.