JOINT NOTE

Hawera Star, Volume XLVIII, 11 July 1924, Page 9

JOINT NOTE

EXTRA EDITION.

REPARATTO NS PROBLEM.

NATURE OF AGREEMENT.

, BY CABLE—PRESS ASSOCIATION—COPYRIGHT Received July 11, 10.15 a.m. LONDON, July 10. The text of the. Anglo-French Note is a long document, especially the preamble, which details the terms of reference of the Dawes Committee, and states that the two Governments recognise the importance of the economic and financial viewpoints, particularly the necessity to create a-condition of confidence which, however, they do not consider incomaptible with respect for the peace treaty. The Note declares that the arrangement which shall be agreed upon does not prejudice the authority of the Reparations Commission, but in view of the fact that a guarantee must be given to the investors furnishing eight hundred million gold marks and to bond bearers, the two Governments will unite in efforts to obtain the presence of an American on the Reparations Commission in the event of the latter having to establish a. default on the part of Germany. If this solution is ■ impossible, and in the event'of the- Reparations Commission failing to reach an agreement, the two 'Governments recognise that the commission should call in an agentgeneral of payments, who must be of American nationality. The Note proceeds: “In the event of the Reparations Commission declaring important and wilful default, the Governments concerned undertake to confer immediately on necessary measures. The Inter-Allied Conference will decide the plans to re-establish economic and fiscal unity in Germany, in connection with which the Reparations Commission will be asked to submit suggestions of any necessary modification t>f the experts’ plan, which will only be iiitroduceu with the necessary guarantees'and by common agreement of the Governments concerned. A special organisation sha-l], be created to advise the Governments on the question of the system of distributing the reparations payments. It will be expedient to • settle what authority, if necessity arises, should be entrusted to a commission in the interpretation of the Dawes Report. The Governments agree to refer any judicial difficulties in the present text to their legal advisers. The British Government will seek an equitable solution of the interAlhed debts problem, taking into account all the elements affecting it and the question will therefore be referred to treasury experts for preliminary examination As regards the question of security the two Governments agree to seek the best means of obtaining complete pacification, either throun-h the League of Nations or another channel and to continue an examinathe problem until a solution is finally achieved.

THE DAWES REPORT. MATTERS OUTSIDE TREATY. Received July 11, 11.5 „ m . LONDON, July 10. Asked in the Commons whether he had withdrawn from the attitude that matters in the Dawes report outside Jl N Tre -?f/ V v° f . J €l £ ailles could not he dealt uitli l by the Reparations Commissmn, Mr MacDonald replied no: it had not been definitely withdrawn. The matter had been deferred for the judgwhfoh °! ] «Sal experts, * ,uch " ol,l d be presented to the con16i matter uouid be considered in the light, of that judgment.—Reuter. v