WAR INDEMNITY

Grey River Argus, 16 April 1929, Page 5

WAR INDEMNITY

ENORMOUS DEMAND. BY ALLIES IN GERMANY. PARIS, April 14. The Allied experts’ demands were presented at the plenary session of the Reparations Committee. It will not be decided until Monday whether the details will be published Average prophecies concerning the Allies’ memorandum appear to indicate the initial minimum of Germany’s annual payments to be £89,500,000, rising during thirty-six years to a maximum of £115,000,000. At the begin ping,, half will be devoted to repar ations, and half to war debts. Later, when the maximal ig reached, itwothirds will go to the debts and the balance to reparations, upon the extinction of Which, at the maximum year, there will continue yearly debts payments of. £82.000,000 till discharded?

“Le Matin” asserts that the terms will not be acceptable to the Germans, who intend asking for time to consider the document carefully. German Protests “POLICY OP PLUNDER.” press boars’ INDIGNATION. (Received April 15 at 9.35 p.m.) LONDON, April 15. The Daily Express Berlin dent says: “A policy of plunder” is the phrase summing up Germany’s re . ceptio-i of the Reparation experts’ pro posals. The newspapers throughout the coun try are voicing a roar of indignation. Most of the papers and the reports from Paris suggest that the American .delegates are as much shocked as the Germans at the vagtness of the Allied demands. The Deutsche Allgemeine Zcitung says: These demands ■ will be the death blow to the conference. In the whole Allied memorandum there B no evidence thnt the burdens imposed upon Germany can b e borne. WASHINGTON, April 13.

American interests in Reparation settlements were discussed at an important conference between President Hoover and Secn'tary of State Stim son, to-day. It is unders'ood that the President has taken a view opposing a redue-, tion of the American claims for Rhine occupaion costs, at the present, time. but might’ consent to reduction after the United .States has received the same percentage of such payments as Brittain Franco. It is believed that KnMaor&Bduas ?*Dresenting chy A|mwican viewpoint, has been drawn up, and forwarded to the American Reparations experts at Paris.