REPARATION PROBLEM.

Manawatu Standard, Volume XLIX, Issue 157, 4 June 1929, Page 2

REPARATION PROBLEM.

AGREEMENT REPORTED

GERMANY AND CREDITOR POWERS.

(Australian Press Association.) PARIS, Mav 31. An agreement has been reached between the creditor Powers and Germany on all reservations except two. The main outstanding problem is the payment of the last 21 annuities. The creditors propose that these should be supplied out of the profits of the International Bank. A general agreement is hoped for to-morrow. The question of the Belgian marks will be settled without difficulty.

DR. SCHACHTS RESERVATIONS

(Australian Press Association—United Service.) PARIS, June l. The Committee of Experts agreed on all Dr. Schacht's reservations. The only remaining issue is the Belgian claim, pending the settlement of which the experts will not conclude their labours. POSITION OF INTERNATIONAL BANK. (Australian Press Association.)

PARIS. June'l

The Committee of Experts have agreed that the International Bank should have power to grant Germany a moratorium in the event of an economic position in any year such as would incapacitate her from making payments. This applies only to the unconditional part of the annuity. GERMANY’S FUTURE LIABILITY. (Australian Press Association.) Received June 3, 2.10 p.m. PARIS. May 2. Mr Pierpont Morgan’s departure homewards—Mr Morgan was one of the American delegates—shows the measure of agreement reached in connection with the reparations problem. It is understood that the Dawes plan will end on. September 1, after which the Germans will pay for ten years amounts between £34,250.000 and £100.000.000 annually, then the latter figure for 27 years and one final payment of £120,000,000. Germany has gained the concession of being allowed to continue payment in kind for ten years. It is persistently reported that 'the old 25" per cent, under + he Reparations Recovery Act has been cut down to 20. Consequently, Britain will not derive her 22 per cent, share as fixed bv the Spa Agreement.