REPARATIONS

Hokitika Guardian, 27 June 1932, Page 5

REPARATIONS

LAUSANNE MEETING CONCLUSION OF FIRST STAGE. (United Press Association—Bv Electric Telegraph—Copyright.) LAUSANNE, June 25. The first stage cf the Lausanne Reparation Conference has ended with the departure of Captain Vi-n Papeii (German Chancellor) to Berlin, and M. Herriot (French Premier) to Paris. The second stage will re-open on their return early next week.

It is expected that the .conference will last until July Oth, just in time to permit the British delegates to leave for the Ottawa Conference.

From all accounts,' the Franco-Ger-man discussions have been conducted in a friendly spirit.

Captain Von Papen drew a sombre picture of the state of affairs in Germany.

When M. Herriot referred to Germany’s railway .assets, Captain Von Papen replied that the income from Germany’s state railways now hardly covered expenses.

FRONTIER TRANSACTIONS, VON PAPEN’S VIEWS. * LONDON; June 26. The impression is rapidly growing that the era of cash transactions across ; frontiers Ims ended. This prospect is regarded as the most hopeful outcome of the Lausanne negotiations up to tho present. It is being suggested that the French sacrifice of cash reparations might be compensated by German orders for French commercial commodities. For instance, Lorraine ore and German supply France with electrical apparatus on advantageous terms. A DENIAL. BERLIN, June 26. Von Papen denies that lie declared lie would be the first to admit France’s claim to compensation, if the reparations were liquidated, and adds that he told French representatives that better advantages would accrue to France from Franco-German co-operation, than a continuance of the reparations payments. They should not stop at the removal of political tributes but aim at ‘constructive measures, which Germany is, prepared to the utmost to further. If the European powers set affairs in order on such a basis, it would make the ‘ best impression in the United, States. I hope, notwithstanding FrancoGerman divergencies concerning the tribute, that a way will be found for

SHOW OF FRIENDSHIP

LAU3ANX7, June 24

A ■ communique records that at the ■opening of the Franco-German consulat which Germany’s financial and economic position was detailed, M. Herriot and Captain von Papen emerged with their arms linked, They stated that things were going very well.

FRANCO-GERMAN PARLEY

(British Official Wireless.)

RUGBY, June 24

Tho conversations at Lausanne between M. Herriot and Captain von Papen, for which the ground had been prepared by Mr MacDonald s negotiation yesterday with M. Herriot, began a fi arranged this morning. The two statesmen were alone, during the early part of the interview, and after the conversations were continued with,'.their Ministeria colleagues and experts in attendance. A communique issued later eta ted that after the German Finance Minister, Herr Drcsigk, had presented the details of a statement of the economic and financial position of Germany, the meeting adjourned: The conversations will be resumed this evening.