ALLIES’ CONFERENCE

Manawatu Standard, Volume XLIV, Issue 1077, 25 July 1924, Page 5

ALLIES’ CONFERENCE

MAY LAST A LONG TIME

FEELING NOT PESSIMISTIC.

By Electric Telegraph.—Copyright. Received July 25, 11.35 a.m. LONDON, . July 24. British circles are not pessimistio regarding the conference, but are now convinced that the conference will last for some time, possibly until the first week in August. Though competent French quarters in London admit that there is a certain deadlock, the feeling is not pessimistic. It is not believed that the conference is about to break down. On the contrary, prominent members of the delegation declared that a way ivould certainly he found eventually out of the difficulty in regard to proper guarantees to the bankers and the maintenance of the sovereign rights of Franco according to the Treaty of Versailles.- - Reuter.

CRITICAL STAGE REACHED

PREMATURE TO TALK OF RUPTURE.

Received July 25. 11.35 a.m. PARIS, July 25. The press generally agrees that the London conference has reached a critical stage, hut that it is premature to talk of a rupture.

The Petit Parisien anticipates that the difficulty with the financiers will be overcome in a few days by the adoption in a modified form of the suggestion of Mr Theunis that in the event of the necessity of imposing fresh sanctions other than filOse recommended bv the experts committee the power which imposes such sanctions shall guarantee the service of German loans.—A. and N.Z. cable.

LITTLE PROGRESS MADE

DIFFICULTY WITH THE BANKERS. LONDON, July 24. Though the London Conference met in a plenary sitting, the day has been one of stocktaking and no progress owing to the difficulty with the hankers, though the general belief is that the French delegates are showing u desire to meet the wishes of the other delegates. The Daily Telegraph's politic*! correspondent :ays that the British and American bankers are still intent on doing away with the real powers of the , Reparations Commission and nl.so insist that separate action by a single power be barred before they will consent to underwrite the loan. France regards this as a step towards the destruction of the Versailles Treaty and all the ingenious formulae presented by M. Thenuis have thus far failed to shake the convictions of Mr Norman and his banker colleagues. . An official communique in connection w ith the Allied Conference shows that after Mr MacDonald had issued a statement in regard to the representation of the Dominions and India, Mr Thomas made an announcement in the House of Commons that a committee of jurists had been appointed to report on the question whether the putting into operation of the Dawes plan won id give ris; to questions requiring to he settled by agreement with Germany and what procedure should be adopted in order to arrive at such agreement without in any way running counter to the Treaty of Versailles. Sir Robert Kindersley submitted ihe report of the third loniniittee legarding the organisation to be established for putting to proper use payments by Germany, par ricr.lurly deliveries ill • kind. Ihe Committee is of opinion that the Reparations Commission's existing inter-Ailied service is eminently suited to this purpose. . and therefore it is unnecessary to appoint a new body. Ab a result of a discussion,, the terms of reference of the tlbrd committee were extended. —A. and N.Z. eaoie.