REPARATIONS

Hokitika Guardian, 31 December 1931, Page 5

REPARATIONS

A PRESSMAN’S VIEWS. SUGGESTED PROPOSALS. (United Press Association—By EJbctric Telegraph.—Copyright.) LONDON, December 30. The “Daily Telegraph’s” diplomatic correspondent says thab the. outlook of the International Reparations Conference has undergone an unexpected, and far-reaching change, as there is now a strong prospect of a preliminary agreement between- Anglo-French treasury experts, p which the conference would probably accept. He forecasts that the conference’s task woxild be restricted to the v discovery of a purely provisional solution of the reparations problem, broadly following the.se lines Germany to receive a three years’ moratorium, of the conditional portoin of the Young annuities, ’this being the mean of the British demand for five years, and the for two years. Secondly, though Germany would be required during the moratorium to pay an unconditional portion of the annuities to the bank, or international • the. money would ,be re-, 'lent to German railways,' thus avoiding any external cash payments; Thirdly, as compensation to France, and >some smaller beneficiaries, Germany would be asked to make limited payments in kind; ''Fourthly, the creditor.powers to promise a re examination of the German capacity to pay reparations at the end 7 of the moratorium. AMERICA NOT, INVITED/ (Received this day at 11. IS a.m.) , WASHINGTON, December 29. Mr Ogden Mills, Under Secretary for the Treasury, stated to-day that the/United States had not been asked ■to participate, even unofficially, at the European Reparations Conference in January, and would not attend, i* asked. CONFERENCE NEXT MONTH. LONDON, December 30. The official Reparations Conference commences at Lausanne on January 20.