LAUSANNE MEETING
BIG DISCKEPANCY BETWEEN FRANCE AND GERMANY. (United Press Association—By Electric T e legraph—Copy right.) LAUSANNE, July 1. There is still a discrepancy of two Hundred millions sterling as between the French and Gernitlii pioposals. The Germans are offering one hundred millions, whereas France is now demanding three hundred millions. Mr MacDonald is showing a complete disregard of his medical injunctions to rest. He is daily working lip to one O’clock in the morning, and yet i IS but 'of doors at 7.30 a.m., and toiling incessantly to produce an agrement.'
Questioned whether he were still optimistic,'. Mr MacDonald said that he was always' hopeful until there was a breakdown.
The Reparations Bureau sat for thirteen hours in preparing a scheme for submission to the German delegates which would .safeguard the position of the creditor nations in respect to their own debts' to America.
The ■ difficulty is that the Germans will not consent to any safeguarding clnukSp'Tls they say that, if provision is made against the possibility of the -United States, refvoing to cancel the debts, it will defeat the very finality which W is' the primary aim : of the conference to achieve.
Before going to Paris, M. Herriot, French Premier, expressly stated that France would not recede from the safeguarding clause for America. He added that he knew that he could count on the support of Britain. ' .
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Hokitika Guardian, 2 July 1932, Page 5
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229LAUSANNE MEETING Hokitika Guardian, 2 July 1932, Page 5
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