THE ALLIES

Hawera Star, Volume XLVIII, 30 July 1924, Page 5

THE ALLIES

OPERATION OF DAWES PLAN. THE ONLY PRACTICAL WAY. OBJECTIONS TO GERMAN LOAN. BY CABLE—PEESB ASSOCIATION—COPYRIGHT LONDON, July 28. It is understood the distinctive feature of the third plenary conference vvas a promise from the French delegation that it would submit to the conference on Wednesday a scheme by which the objections of the AngloAmerican bankers would be met. A compromise regarding the Franco-Bel-gian railwayman is also probable. The conference decided to invite all members of the Reparations Commission to come to London. The diplomatic correspondent of the Daily Telegraph states that the situation of the first commission of the conference to-day was again threatened with a complete deadlock when Mr. Logan (America) made an unexpected and dramatic move. Speaking very de_ liberately, he declared that the United State Government regarded the putting of the Dawes report into operation as a matter of the greatest concern. Indeed, it was the only practical way out of the European difficulties. He repudiated the suggestion that the American bankers were in any way animated / by a desire to meddle in politics. A Mr. Logan suggested that it was useless for the commission to try to fix the basis of security for the loan until Germany as' the borrower, the bankers as the lenders, and the Reparations Commission had arrived at an agreement. Then the only need was for the commission to consider the arrange/ments. The National Union of Manufacturers petitioned the House of Commons and the House of Lords protesting against a £40,000,000 loan to Gfermany on the ground that it would help “dumping” by German manufacturers in Britain, and increased German competition with the Dominions, the colonies and India, thus entailing lower wages and in- • creased unemployment ' PARIS, July 29. Several newspapers angrily comment on the way Mr. Ramsay MacDonald brought forward the question of the evacuation of the Ruhr.

The Intransigeant understands that General Nollett (Minister for War), owing to the trend of things, twice last week offered his resignation, which the Premier (M. Herriot) did not accept. The Temps understands that England is determined to evacuate the Cologne zone in January.