NOT A MARK MORE.

Press, Volume LXVIII, Issue 20587, 1 July 1932, Page 11

NOT A MARK MORE.

GERMAN DECLARATION REPARATIONS NOT SETTLED. DEMAND FOR A CLEAN SLATE. \UXITI3L* ASSOCIATIOS —ELJECTBIC TELEGRAPH —COPYBIGHT ) June 30th, 7 p.m.) LAUSANNE, June 29. The German delegation denies the London report that it had accepted the principle of making a final payment of reparations in lieu of anj nual payments. The German position is unchanged. She "will not pay a single mark more in reparations, but once the slate has been wiped clean she will be 'willing to contribute like the other nations towards the reconstruction of Europe and the world. Captain Franz von Papen disclosed that when Mr Ramsay Mac Donald yesterday appealed to him for some help toward a solution he replied that Germany could only contribute to a common effort if discriminations in the Treaty of Versailles were removed, restoring Germany's right 'o equality and security. Payment of reparations would depend on the restoration of economic equilibrium in Germany and the rest of the world. A swarm of journalists awaited the termination of the Papen-Herriot talk. All agree that both parted visibly angry. In M. Herriot's case this was due to Captain von Papon's tactical error in inv posing, as a condition precedent, the rc- • vision of the Versailles Treaty, which naturally damped the increasing French mood toward wiping clean the reparations slate. * The French consider that Captain von Papen's bombshell, "no reparations, without treaty revision," will make a successful issue of the conference impossible. A TRYING DAY. VITAL ISSUES AT STAKE. RESTORATION PAYMENTS DISCUSSED. (Received June 30th, 9.25 p.m.) LONDON, June 30. Mr Ramsay Mac Donald spent a wearying day mainly in conferring ivitu the German Chancellor, Captain von Papen, and M. Herriot, emphasising the importance of the issues at stake. Mr Mac Donald insisted on the psychological importance of France dropping the word "reparations" and substituting for it the phrase "restoration payments," in a hope that it would enable the French -and German Governments to face their hostile Parliaments with a settlement, but the present difficulty is to devise a scheme by which France will derive material benefit from the, so-called restoration payments. ' . German circles hint that the Ixoicn will subscribe to the restoration pool, of which the bank of International Settlements is the trustee, the amount suggested being £150,000,000, which is about two annuities under the Young Plan. Berlin telegrams, however, suggest that the subscription is still conditional on the abolition of the discrimination against Germany under the Versailles Treaty, which France and the other Powers thus far have refused to consider. The committee of seven, undsr Mr MaeDonald's chairmanship, continued sitting until midnight discussing the pool to assist reconstruction, when the delegates adjourned to partake of beer and sandwiches, but no solution was found when they reassombled, so they adjourned until the morning. A Bargaining' Weapon. "The Times," discussing the Conference, says the mere postponement of a reparations settlement would be calamitous. The world still awaits an offer from the German Government. Referring to armaments it says the Hoover scheme sets up a goal of major performance toward whic.a the Disarmament Conference must henceforth strive. Its completeness has made a favourable impression on the world. CONFERENCE TO GO ON. (BY RADIO.) LAUSANNE, June 29. "The Reparations Conference will go on," was the encouraging statement made by M. Herriot on Wednesday evening to Pressmen at the close of the SixPower Conference. The French Premier further .in formed his hearers that he would leave for Paris on Friday in order to attend the Parliamentary debate on the French Government's new financial schemes, but added that he would return to Lausanne at the earliest possible moment. It appears now that direct Franco* German negotiations have been abandoned for the time being, and that the task of keeping the Conference going will devolve on the newly-appointed bureau, consisting of the chiefs of the delegations. Mr Mac Donald and Captain _ von Papen may also pay visits to their respective capitals, but it is confidently expected that the leading statesmen will reassemble on the shores of Lake Geneva next Tuesday, at the latest. The British Prime Minister, in. addressing the Pressmen on Wednesday night, volunteered the rather startling information that the Conference may have to sit for weeks; and maybe months, before arriving at the desired result. Reports to the effect that the German delegation had offered, or intended to offer, a final payment of 3,000,000,000 marks or thereabouts, are denied, as being wholly without foundation, in authoritative quarters. Mr Ramsay Mac Donald has reserved a seat in the Graf Zeppelin for the latter's trip to England next Saturday, and "expressed the hope that the developments at Lausnnne will leave him time to take part in the dirigible's journey.