NO CHANGE.

Ashburton Guardian, Volume 49, Issue 175, 11 May 1929, Page 6

NO CHANGE.

THE REPARATIONS ISSUE. POSITION OF THE EMPIRE. (United Press Association— Copyright.; K LONDON, May 10. News from Paris states that there is no change in the Reparations situation. Dr Schacht (the German delegate) conferred with the other experts on the subject of Sir Josiah Stamps report. It is hoped that Mr Owen Young (chairman) will soon be m a position to call a full meeting. Meanwhile, Mr Young's distribution plan is the subject of private discussions. The British attitude remains as previouslv cabled. It is confirmed that Mr Young's proposal left Britain nothing for the Dominions or debt arrears. The fact that the Dominions are not directly represented at the conference is regarded by the British delegation as a greater reason, it such were needed, for not yielding on the subject of the Dominions' share. Ihe British immediate rejection of Mr Young's proposal to reduce this share to zero is, therefore, selfexplanatory. . The "Daily Telegraph's" diplomatic correspondent says he is aide to reveal that the British Empire would have received onlv £32,500,000 out of £500.000,000, earmarked under Mr Young's plan for Reparations proper and miscellaneous claims. Our proportion of Reparations would therefore be reduced from 23 per cent, to only 6J per cent. .'■*'' . . .. Incidentally, the Dominion's claim, amounting to about £60,000,000, was wiped off the map by Mr Young.— Australian Press Association.