REPARATION PROBLEM.

Press, Volume LVIII, Issue 17634, 11 December 1922, Page 7

REPARATION PROBLEM.

THE LONDON CONFERENCE. FRANCE'S LATEST PROPOSALS. (By Cable—Press Association—Copyrigiht.) (Australian and N.Z. Cable Association.) PARIS, December 8. The "Journal" says the London Conference of Prime Ministers will be decisive regarding the future of the Entente. The main points of M. Poincare's programme are:— First, in respect to cancellation of the inter-Allied war debts, suggestions are made theoretically, in view of the United States' hostility, that, while France's debtors do not pay anything, France cannot consent to a reduction of the German debt. In the event of an arrangement respecting cancellation of Germany's minimum obligations, France should receive 100 milliards in paper marks. Secondly, in Germany's present state the mobilisation of Germany's debt means that an international loan cannot be considered. Thirdly, the occupation of the Ruhr region appears to be the only means, in the event of bad faith on Germany's part, of making her reform her Budget. MORATORIUM FOR GERMANY. AGREED TO AT DOWNING STREET (Received December 10th, 11.5 p.m.) LONDON, December 9The Prime Ministers at the Downing Street Conference agreed that Germany must be given a moratorium. A discussion followed regarding the duration and conditions of the moratorium.

M. Poineare outlined the French proposals, to which Signor Mussolini gave some support. The conference then adjourned till Monday. A large number of journalists awaited M. return to his hotel. Be declined to disclose the proceedings of the conferenoe, but admitted he was optimistic regarding its results. ITALIAN PREMIER IN LONDON. A FASCIST WELCOME. i (Received December 10th, 5.5 p.m.) LONDON, December 9. Mr Bonar Law welcomed M. Poineare at Victoria Station. Signor Mussolini, Premier of Italy, arrived late to-night. There, were amazing scenes a few minutes before eleven o'clock when hundreds of blackshirted Fascists, with the Italian flag, invaded the platform. When Signor Museolini alighted, dressed in a silk hat and immaculate morning flress, he saluted the Fascists' flag. The Fascists' replied by giiving the Roman warriors' salute. ■ • Signor Mussolini had a long talk with the leader of the London Fascists, and then went to his motor-car, escorted by a cordon of black shirts. The scenes were repeated at Olaridge's Hotel, the Fascists finally marching away in military fashion singing Italian national songs. THE BAVARIAN INCIDENT. BERLIN TO PAT FINES. BERLIN, December 8. Germany has rejected a proposal to submit the question of indemnities from Paesau and; Ingoldstadt to arbitration, and also Bavaria's proposal to submit the matter to the League of Nations. Cabinet will offer excuses for the incidents, pointing out that the indemni-. ties asked for are so large that they cannot be paid. Later. Cabinet has decided to pay the fines imposed by the Allies in consequence of attacks on Allied officers at Passau and Ingodstadt. DR. WIRTH TO VISIT AMERICA (Received December 10th 5.5 p.m.) BERLIN, December 8. The ex-Chancellor, Dr. Joseph "Wirth, will tour the United States in 1923.