REPARATIONS

Hawera Star, Volume XLIX, 15 August 1929, Page 5

REPARATIONS

COMMISSION ADJOURNS. SEARCH FOR A SOLUTION. DELIVERIES IN KIND PROBLEM. ( (Australian Press Association—United Service.) Received 10.1-5 a.m. to-day. THE HAGUE, Aug. 14. The financial commission, alter sitting ninety minutes, decided to adjourn till Saturday to enable the delegates to have informal conversations jin the hope of producing a solution to tlie problems raised during the debate on deliveries in kind and other matters. LONDON, Aug. 13. The Paris press comments reveal a more conciliatory attitude towards Britain’s demands at The Hague. “Le Journal,” reporting an interview with the lit. Hon. Philip Snowden, says: <- lou ask how to surmount the difficulties. The reply is to give England the feeling that she is no longer unfairly treated. Consider that what she asks is what is due.” “Le Matin,” while opposing the total recasting of the Young plan, nevertheless declared that it was not hostile to seeking to satisfy England within the limit of the plan. “L’Avenir,” however, peremptorily asks: ‘‘Does Mr. Snowden persist in demanding a revision of the annuities at our expense? If the answer is ves, then we remind AIM. Briand l and Cheron that there are excellent trains from The Hague.”

PAYMENTS IN KIND. FRANCE NOT IN. FAVOUR OF THEM. REPLY TO BRITISH DELEGATION. Received 11.40 a.m. to-day. THE HAGUE, Aug. 14. M. Loucheur in a ■conciliatory statement before the Financial Conimflsistion, said that France, like Britain, would iike to see deliveries in kind disappear. He also agreed with Britain that reexports must be abolished, because they •gave countries opportunitiiies of competing on the world market under artificial conditions advantageous to themselves. Moreover, it was wrong >to imagine that Bilitish and German unomp.oyment had no repercussion on the prosperity of other nations. Aid must try to find a remedy. Never tireless, if coal deliveries in kind wore solved by restoration of free trade, a world battle would ensue, resulting in a reduction of prices. The British delegation had exaggerated the effect of deliveries in kind. The real cause of unemployment in the ‘British coal industry was that consumption was decreasing throughout the world, while production was increasing, particularly in the United States.