THE REPARATIONS

Manawatu Standard, Volume LII, Issue 175, 25 June 1932, Page 7

THE REPARATIONS

TASK AT LAUSANNE. FRANCO-GERMAN CONVERSATIONS. COMMUNIQUE ISSUED. (United Press Association —By Electric Telegraph.—Copyright.) (British Official Wireless.) Received June 25, 11 a.m. RUGBY, June 24. The conversations at Lausanne between M. Herriot and Herr von Papen, for which the ground had been prepared by Mr Ramsay MacDonald’s negotiations yesterday with M. Herriot, began as arranged this morning. The two statesmen were alone during the early part of the interview, and later the conversations were continued with their Ministerial colleagues and the experts in attendance. A communique isued stated that after the German Finance Minister, Herr Krosigk, presented a detailed statement of the economic and financial position of Germany the meeting adjourned. The conversations were resumed this evening. Sir John Simon attended a meeting at the House of Commons when, it is understood, Mr Hoover’s disarmament proposals were under consideration. On his return to Geneva Sir John Simon will enter upon consultations with the French and United States delegates. M. Boncour is at present in Paris consulting with his colleagues, but the Ministers will return to Geneva during the week-end and a conference will take place on Monday.

DELEGATES ARM IN ARM. “THINGS GOING VERY WELL.” Received June 25, 10.0 a.m. LAUSANNE. June 24. A communique records the opening of the Franco-German consultations, at which Germany’s financial and economic position was detailed. M. Herriot and Herr von Papen left the conference building arm in arm. They stated that things were going very well.

GLOOMY PROSPECTS FOR 1932. Received June 25, 11 a.m. BERLIN, June 24. The Reich’s accounts for 1931 show a deficit of £84,500,000. The 1931 accounts are double those of 1930. The prospects for 1932 are gloomy.