REPARATIONS

Hawera Star, Volume XLIX, 14 August 1929, Page 5

REPARATIONS

BRITISH OBJECTIONS.

MR. SNOWDEN WAS JUSTIFIED.

AMERICAN ECONOMIST’S VIEW

(United Press Association —By Electric lelc Km pi' Copyright.) (Australian Press Association.) Received 10.25 a.m. to-day. NEW YORK, Aug. 13.

Addressing the Institute of Politics at Williamstown, Massachusetts, today, Mr Herbert Heaton, economist at* the University of Minnesota and a native of England, declared that the Rt. Hon. Philip Snowden was justified in his objections to the desertion of the Spa percenages of unconditional German .payments. In the demand for abolition of payment in kind, however, Mr Heaton believes that the British spokesman was “on less firm ground.” In making the demand for the restoration of Sna percentages Mr Snowden merely wished to get money which would recoup England for the sums already paid to America, as sums still owing" were provided for in the Young report. He’ declared that the Chancellor’s demand for a larger share of the unconditional annuities was also justified, as should Germany be unable to pay her annuities in full in any year “surely all the creditors should suffer equally in that event. If, on the other hand, Germany was able to pay regularly and in- full, France would have lost nothing by admitting England’s right to a larger share of unconditional payments.”

PAYMENTS IN KIND. OFFERS TO BRITAIN BEING DISCUSSED. (Australian Pre«q —United Service.) Received 10.30 a.m. to-day. THE HAGUE. Aug. 13. With the financial and political commissions not sitting, French. Belgian and Italian delegates are privately exploring methods for meeting Britain’s claims for a reduction of the deliveries in kind. One of the proi p-osals l>oing discussed is that of offering Britain £1,500,000 of the £2,600,000 surplus under the Young plan allocated to the service of the proposed international bank. France and Belgium are understood to have agreed to this offer, hut the Italians have not yet consented. BRITISH SHARE. EFFORT TO INCREASE IT. LONDON, Aug. 12. When The Hague conference resumes on Wednesday M. Loucheur will deal with reparations in kind, thus giving time for further conversations on other matters_ The “Daily Herald’s” correspondent at The Hague says the reason that Mr. Snowden agreed to an adjournment was because he was convinced the conversations now proceeding between financial experts provided a good enough basis for negotiations, and indicate willingness on the part of the French and Italians to waive their claims to certain sums not definitely indicated in the Young plan in order to restore to Great Britain the amount she loses under the present distribution of annuities. According to a French forecast published in the “Daily Telegraph,” an effort will be made to increase the British share of payments from Germany by £2,000,000.