GULF WIDER

Taranaki Daily News, 14 August 1922, Page 5

GULF WIDER

DEADLOCK OF THE ALLIES. EXPERTS CANNOT ACREE. . PREMIERS MEET TO-DAY. NEW BRITISH PLAN. By Telegraph.—Pres* A» —Copyright. Received August 14, 12.45 a.m. London, August 13. It is reported the Allies’ experts committee reached a deadlock regarding the supervision of mint* in the Ruhr and forests on the left bank of the Rhine. A semi-official British summary states the situation ie that the gulf is more pronounced than ever. The more the experts discuss the proposals the wider appear to be the differences between diem. The Premiers will probably meet ID Monday. EARLIER REPORTS. BRITISH COUNTER PROPOSALS. CONDITIONAL MORATORIUM. Received Aug. 13, 5.5 pm. London, August 11. Though an agreement is not in sight, the crisis at the Allies Conference is perhaps less acute. French press comment on the London conference is of a decidedly hopeful tone regarding an agreement, but the London press is more cautious. Though they are hopeful. London papers say no agreement is in sight. Mr. Lloyd George. M. The unis and M. Poincare considered the alternative British proposal for seven hours, and certain modifications which were suggested at to-day’s dheuseioßs were referred to the experts’ committee for examination in detaiL Until the experts report there will be no further meeting of the Premiers. It is semi-officialiy stated that the British counter-proposals are: Firstly, a conditional moratorium to Germany for cash payments till December 31. Secondly, Germany to carry out deliveries in kind, especially in regard to coal and timber. A moratorium will only be granted subject to Germany’s enforcement of the laws prohibiting the export of capital, the establishment of autonomy, the Reichs Bank’s consolidation of the floating debt, and Germany’s permitting the reparation commission effectively to control German finance; the reparation commission to receive and keep in reserve the proceeds of the 26 per eent. levy on German exports and German customs, which may eventually be placed at the disposal of Germany if the commission thinks it necessary.— Reuter Service. London, August 11. Well-informed circles in London and Paris agree that though the situation is •till grave the feeling is more hopeful. Everyone is most anxious to avoid a rupture with Paris. There is much evidence of regret that through a mistake in tactics on both sides there has arisen a deadlock, not on fundamentals but on incidentals It becomes plainer than ever in Paris that it would have been perfectly easy to solve the main question- if approached boldly. Informal conversations between Mr. Lloyd George. M. Poincare and M. The uni a continued throughout the day. The British have submited ten counterproposals and it is understood that agreement was reached on six points. It is believed Mr. Lloyd George agrees to the principle of autonomy of the Reichshank and its administration on lines similar to the Bank of New Zealand, while M. Poincare has withdrawn hia demand for a Customs cordon.