REPARATIONS

Grey River Argus, 22 April 1929, Page 5

REPARATIONS

BARGAINING AT PARIS Germany Misunderstood MEETING ADJOURNED. (Australian & N.Z. Cable Assn ) « FARIS, April 19. The Committee of Experts met acc*j.iuing to arrangements, but immediately adjourn?-d till April 22, out of icspect to the luce Lord Revelmoke. LONDON, April 19. The last report from Faris indicates that the failure of the Experts’ Uuntcrence is practically certain. This would mjean a continuance of the Dawes’ annuities, which Germany declares she will be unable in future to. transfex fully, though the Allies do not believe shU would rL|k. the blow to her credit which non-payment would involve.

(Received April 21 at 5.5 p.m.) LONDON, April 19. How the German expert, Hen Schacht’s bombshell at the conf) rence or reparations experts came to be yxjxoded, fast night icmanis a mystery. It was distinctly understood on the bi *t authority that Herr Schacht’s exiguous offer was only made tor bargaining purposes, and that it did not amount to an ultimatum. It was suddenly announced, on equally good authority, that Herr Schacht’s oiler must be accepted or rAjeeteo entirely. Hence there was a world wide supposition, that the experts’ conference would break up, but today Berlin says that it is all a misunderstanding. Finally Herr Schacht denied that he had iJver intended his memorandum to be regarded as *n ultimatum. Asked point blank whether the memorandum was an ultr inatum, Herr Schacht said that H was not, and was it'ver meant to be. it was merely a bargaining proposal, like these of the Alfies.

FRENCH PRESS STATEMENTS. PARIS, April 19. Commenting on the Reparations deadlock “Le Petit Parife.en” states that an ovj-Ttragic view should not be taken. The Germans iujve not said the last word. Herr Schacht appariently lost control of himsedf. Much time will be required to dispel the dark clouds of his maladroitness. “L’Eeho De Paris” dj felares that Ambassador Von Hoesch informed M. B.iand two days before the funeral of Marshal Foch, that the Germans would not tolerate the Rhineland Commission longer than 1935, adding that Germany would again ask foi the immediate Evacuation relying on the expected assistance following the British general election.

BRITISH SPOKESMAN DIES. PARIS, April 19. Lord Revelstoke, Chairman of the British Committee, discussing reparations with Herr Schacht, was found d ad in his bed at 7.30, from a heart attack. He was busily engaged in yesterday’s events leading to the dead lock. Lord Revelstoke was a member of th!* l Baring family, long prominent in banking records. He was born in 1863, and was a. director of the Bank of England.