HUNGRY AND SLEEPY

Sun (Auckland), Volume III, Issue 877, 22 January 1930, Page 9

HUNGRY AND SLEEPY

UNIVERSAL COMPROMISE AT THE HAGUE WAR DEBTS GIVE-AND-TAKE THE HAGUE, Monday. A 24 hours’ sitting of the Hague Conference was necessary to solve the reparation dispute between Hungary and Austria. Eventually the sleepy and hungry delegates compromised. Hungary is to pay her creditors £540,000 a year between 1943 and 1966. Austria is to pay £40,000 a year in the same period. Other claims and counter-claims are to be settled through two pools totalling £14,000,000, to which the Powers are to contribute. This releases Hungary from the financial control of the League of Nations. A protocol was signed. Subsequently Mr. Philip Snowden, British Chancellor cf the Exchequer, expressed satisfaction at the conclusion of their labours. He said the agreements -were in the nature of compromises. No one wholly got his own way. They would no longer be allies and enemies, but all -would he friends and comrades.

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