London Congress

Hawke's Bay Tribune, Volume XIV, Issue 198, 30 July 1924, Page 5

London Congress

Ruhr Evacuation Question

NEGOTIATIONS ABOUT TO BEGIN. PROSPECT OF SOLUTION. [By Cable—Press Association— Copyright.) (Received 30, 10.25 a.m.) London, July 29. There js a new tone in the French press to-day in consequence of despatches from French correspondents at London, stating that negotiations are about to begin as regards the evacuation of the Ruhr and suggesting the likelihood of a satisfactory result if France is adeguatelj' compensated from the economic viewpoint. Thanewspaper “Ere Nouvelle” says: By giving the world striking proof of her loyalty in evacuating the Ruhr, France would be entitled to ask the Allies to make a sacrifice regarding war debts and guarantees of security.— (Reuter.) An overnight cable stated that several newspapers angrily comment on he way. in which Mr. Ramsay Macdonald brought forward the question of the evacuation of the Ruhr.

The “Intransogeant” understands that General Nollet, Minister of War, owing to the trencl of things, twice last week offered his resignation, which M. Herriot would not accept. “Le Temps” understands that England is determined to evacuate the Cologne zone in January.—(A. and N.Z.)

FRENCH ASSURANCES. (Received 30, 12.40 p.m.) Paris, July 24. Parliament l/'.s reassembled. A telegram from M. Herriot was read in the Chamber and the Senate, defining th© point reached at the London conference, and declaring that despite constant effort several more days would be necessary to bring negotiations to a conclusion owing to numerous technical difficulties, adding that the French Government was firmly resolved to assure the right of France and the reestablishment of an inter-Allied entente and peace.—(A. and N.Z.) IN EVENT OF GERMAN DEFAULT. (Received 30, 12.40 p.m.) London, July 29. The new French formula submitted to the conference to-day proposes recourse to arbitration when th© Reparations Commission fails to agree on the question of German default, one of the three arbitrators to be an American.— (A. and N.Z.) BANKERS’ GUARANTEES. SCHEME FOR MEETING OBJECTTON. London, July 28. It is understood a distinctive feature of the third plenary conference was a promise from the French delegation that it would submit to the conference on Wednesday a scheme by which the objection of the British and th© American bankers would be met. A compromise regarding the Franco-Belgian railwaymen is also probable. The conference has decided to invite all members of the Reparations Commission to com© to London.

THREE-PARTY AGREEMENT NECESSARY. The “Daily Telegraph’s” diplomatic correspondent states that the situation of the first commission of the interAllied conference was to-day again threatened with complete deadlock when Mr. Logan, America, made an unexpected and dramatic move. Speaking very deliberately, he declared that th© United States Government regarded th© putting of th© Dawes report into operation as a matter of the greatest concern; indeed, it was the qnly practical way out of the European difficulties. He repudiated the suggestion that the American bankers wer© in any way animated by a desire to meddle in politics. Mr. Logan suggested that it was useless for the commission to try to fix the basis of the security for a loan until Germany as the borrowers, the bankers as th© lenders, and the Reparations Commission arrived at an agreement. Then only need th© commission consider the arrangements. MANUFACTURERS’ PROTEST AGAINST LOAN.

Th© National Union of Manufacturers has petitioned th© House of Commons and the House of Lords protesting against the £40,000,000 loan to Germany oh the ground that it would help the dumping of German manufactures ip Britain and increase German competition with the dominions, colonies and India, entailing lower wages and increased unemployment.—(A. and N.Z.)