NO LEAKAGE.

Auckland Star, Volume LIX, Issue 251, 23 October 1928, Page 7

NO LEAKAGE.

REPARATION PARLEY.

Secret Well Kept Makes France

Suspicious.

EASING GERMANY'S BURDEN.

(Australian and N.Z. Press Association.).

PARIS, October 22,

The Paris newspapers confess that the seeret of the conferences between the Premier, M. Poincare, the British Chancellor of the Exchequer, Mr. Churchill, and the Agent-General for Reparation Payments, Mr. Parker Gilbert, has be<yi splendidly £ept.

However, most of them are disposed to suspect something inimical to France.

"L'lntransigeant" says it is all verywell for Mr. Gilbert and Mr. Churchill to say the Dawes plan is a burden which is crushing Germany, but until Mr. Gilbert convinces the United States that the inter-Allied debts constitute a crushing burden on France and that the settlement of one question depends upon the other, nothing can be done.

Well-informed persons assert that, as a means of inducing the United States to collaborate in the reparation negotiations, M. Poincare will shortly ask the Chamber of Deputies to. ratify tlia Mellon-Berenger debt agreement which France is already carrying out.

FIXING LIABILITY.

AMERICA MUST BE FRIENDLY.

(Australian and N.Z. Pross Association.)

LONDON, October 22,

The Paris correspondent of the "Morning Post" says it is generally conceded that the ratification of France's debt. settlement with America is a necessary preliminary to the financial arrangement as proposed. The flotatiou of the German railway and industrial bonds, which are valued at £800,000,000, would be impossible if the American market were unfriendly.

It is believed that Mr. Parker Gilbert has suggested that Germany's liabilities should be fixed at between £1,500,000,000 and £1,700,000,000 and that the annuities, now £125,000,000, should be reduced to £100,000,000.