REPARATIONS

Hawera Star, Volume XLVIII, 10 July 1924, Page 7

REPARATIONS

FRANCE AND BRITAIN AGREE. A JOINT NOTE FOR ALLIES: BY CABLE—PRESS ASSOCIATION—COPYRIGHT Received July 10, 12.5 p.m. Paris, July 9. At the conclusion of the conference Mi* MacDonald stated that an agreement had been reached in regard to joint Franco-British proposals to be submitted to the conference on July 16 in the form of a Franco-British * Note, which is being forwarded to the Allies. While Anglo-French official quarters are reticent, some newspapers guardedly indicate that the French proposal for a solution of the difficulty over*the Reparations Commission is that an American delegate, as the representative of non-Allied holders of German reparation bonds, should sit and vote with the commission on the question of German defaults in the execution of the Dawes plan, thus ueutralisng the French President's casting vote. They also hint that M. Herriot'is raising the questions of inter-Allied debts and securities as far as they are affected by strategic railways and the Ruhr questions.

British diplomatic quarters consider that what is wanted is to devise means to make it quite .clear to France that the Reparations Commission remains to do its work, and also make clear tc would-be investors that their investment is secured. —Reuter.