SECOND EDITION THE REPARATIONS AGREEMENT.

Manawatu Standard, Volume XLIII, Issue 245, 31 January 1921, Page 6

SECOND EDITION THE REPARATIONS AGREEMENT.

(By Electric Telograpn.—Copyright.) Received January 31. 21.10 p.m. • . PARIS, Jail. 31

The Belgian delegates at the Allied ('onforonco helped the .Aiitrlo Fi-onch rapprochement by offering to largely renounce Belgium's priority. in the reparation payments, in favour of France. The penalties lor the non-fullilmoiil of rho nmlortakings include iJic raking over by tin; Reparations Commission of Gorman customs revenues and fix in'; now or incrcasod taxation. whilo Germany will not bo allowed to contract a, foreign loan without the Allies’ authorisation. After the conference f,i, ISriand paid a tribute .to Japan’s -coiK'iliytorinoss. Mr Lloyd George expressed pleasure. at the solo lion which had happily reconciled them, lie, dealt with the immediate fixing ol Germany’s debt and the eventual possibilities of her increased capability to pay. pointing out that.-.the exports .(ax at present would yield over a milliard of- marks and subsequently 3j milliards in the probable event of Germany's exports reaching 50 milliards, all- Lloyd'George added that the conference bail not wished to humiliate Germany and avoided anything likely to.offend her hut the Allies had to secure what was owing to them and at the request ot Lord ( urzon lhe moral • penalty had been included, namely the inadmission of Germany to t he League of: Nations. Britain promised tint To capitalise her share of the indemnity lor five yca.rs in order to avoid competition wit.li French loans. —Renter.