BASLE PROCEEDINGS

Evening Star, Issue 20983, 23 December 1931, Page 9

BASLE PROCEEDINGS

GREAT BRITAIN'S PROPOSAL EXTENSION OF HOOVER MORATORIUM pre** Association—Bj Telegraph—Copjrigfei. LONDON, December 22. . (Received December 23, at 9.50 a.m.) There was a new development in connection with the Advisory Committee's sittings at Basle, when Great Britain introduced a proposal that the Hoover moratorium should be prolonged by three or even five years. The French delegates opposed the suggestion. It is understood that all the experts agreed on the necessity of a ten years' moratorium of the conditional payments. Naturally the proposal can only be a recommendation to the Conference of Governments. This will probably open on January 15. Sir John Simon and Mr Neville Chamberlain will lead the British delegation. SUB-COMMITTEE'S REPORT GOOD PROGRESS MADE. (British Official Wireless.) RUGBY, December 22. (Received December 23, at noon.) The sub-committee, consisting of Signor Beneduce, Sir Walter Lay ton, Herr Melchior, and M. Rist, which is drafting a report for the special Advisory Committee of the Bank of International Settlements on Germany's ability to pay the reparations laid down in the Young Plan, has made such marked progress during the last few , days that its report is expected to be ready for presentation to the full committee to-morrow. | The report is awaited with great interest here. Its contents have vital importance in relation to the International Financial conference to be held next month. Lausanne is now mentioned as a possible and convenient place for the meeting of the conference, which will probably begin on January 18.