REPARATIONS

Hawera Star, Volume XLVIII, 2 August 1924, Page 5

REPARATIONS

SITTING OF CONFERENCE. BETTER, PROGRESS. AGREEMENTS REACHED. BY CABLE —PRESS ASSOCIATION —COPYBIGHT LONDON, Aug. 1. A dramatic stage in the Reparations Conference was reached iast night; when the third committee dealing with deliveries in kind and cash transfers decided at a late hour to sit all night if necessary in order to arrive at an agreement to enable the conference to summon the German delegate to London for the week-end

By two o’clock this morning one section had reached an agreement on the deliveries question, -whereby an organising committee will be composed of Allied and German representatives equally with a neutral arbitrator in case of disagreement. The other section discussed the transfers question till 2.30 a.m., when it adjourned, having reached a partial agreement. The principle of .arbitration has been conceded in limited cases.

The vrst part of the French formula regarding arbitration was adopted by the first committee of the conference. The second part, dealing with a plan for the military evacuation of the Ruhr proportionately as Germany pays her debts, has not yet been considered. Th© British amendment was withdrawn.

An official communique states that the Reparations Commission will henceforth officially sit at London to deal with questions arising out of the Dawes report. Another communique announcing the agreement reached by the first committee declares that the effectiveness of the agreement depends on the successful conclusion of the work. The third committee is considering the other parts of the French proposal. The communique adds that the prospects of the third committee reaching an agreement appear hopeful. It should be noted that the third committee is not dealing with the evacuation of the Ruhr, which is outside the scope of the present conference, but will be discussed jointly with the Germans. BAVARIAN R AIRWAYS. NEGOTIATIONS FAIL. Received August 2, 8.25 a.m. LONDON, Aug. 1. The Berlin correspondent to the Times says that the negotiations regarding the Bavarian railways have been broken off without result.—Times.