LATE NEWS

Evening Post, Volume CI, Issue 52, 2 March 1921, Page 8

LATE NEWS

LONDON CONFERENCE

YON SIMONS'S SUGGESTIONS

LLOYD GEORGE SPEAKS PLAINLY.

(BHITIB PECSS ACSOCIATIOX.—COPIMCHT.)

(AtiTKAUAN - NBW MALAWI CAtLB ASBOdIATIOH.)

(Received March 2, 2.30 p.m.)

LONDON, Ist March.

Continuing his address to the confer ence on the subject of payment of reparations and the suggestion that a loan should be raised (reported on page 7], ■ Dt. yon Simons said tha.t experts thought it wa3 impossible at the present time to raise more than eight milliards, and then only by.special terms, such as freedom from income tax to which some nations might object. The remaining twenty-two milliards would remain unissued, acd on which G-ermany would pay interest and sinking-fund. The term of the indemnity should be fixed at thirty years. During the next five years payments would have to be in labour and kind. The year 1926 would be the year of Germany's capacity to pay, and she would be able then to mobilise German industries and arrange a plan of payments. Mr. Lloyd George, at the conclusion of the statement, i said that if Dr. yon "Simons thought it worth while he could put in any documents, but from what he had said he thought the German Government completely misunderstood the realities" of the position. The Allies had already agreed that the proposals made could not either be discussed or considered as an alternati /c to the. Paris proposals. The Allies would discuss, the situation that afternoon and would meet the Gernans to-morrow .norning.