FINANCIAL MAZE.

Manawatu Times, Volume XLVIII, Issue 2433, 26 July 1924, Page 7

FINANCIAL MAZE.

SLUES CERTAIN TO FIND 111 OUT. POSSIBILITY OF PROTRACTED DISCUSSION. FRENCH PRESS CALMER. [By Electric Cable —Copyright.] [Aust. and N.Z. Cable Association.] (Received Friday, 7.30 p.m.) LONDON, July 24. Efforts to evolve a compromise to meet the bankers’ requirements are causing continuous activity in conference circles. M. Herriot still insists on maintaining the French right to act alone in the event of an emergency, adding frankly that his Government would not last a day if he surrendered on this point.

HERRIOT APPEALS TO THE PRESS

“SOMEHOW OR OTHER, SOONER OR LATER.” (Received Friday, S p.m.) LONDON, July 24. M. Herriot assembled representatives of the French press in Loudon, and begged them to exhort French public opinion to be calm and patient, lie added that he intended to be firm on essentia! questions of principle, but said the Aired Governments mutt be given time to settle their difficulties. The “Times’s" Paris correspondent says whether, as the result of M. Hcrriot’s request or not, the French press is less vehement than usual, and while the general impression is that the conference at the moment is deadlocked, them is a growing belief that somehow or other sooner or later, a solution will be found. This, no doubt, is largely due to the alarm which the prospect of failure naturally evokes.

BRITISH OPTIMISTIC. TREATY RIGHTS, NO BARRIER. LONDON, July 24. British circles arc not pessimistic in regard to the Allied 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 the! there is a certain degree of deadlock, their feeling is not pessimistic. It is not believed that the Conference is about to break down. On the contrary, a prominent member of the delegation declared that a way will certainly be found, eventually, out of the difllculty in regard to proper guarantees to the bankers and the maintenance of the sovereign right? cf France, according to the Treaty of Versailles. THE BELGIAN SUGGESTION. MODIFICATION MAY BE SOLUTION. PARIS, July 24. The press generally agrees that the London Conference has reached a critical stage, but that it is premature to talk of a rupture. “Le Petit Parisien” anticipates 'that the difficulty with the inlanders wih be overcome in a few days by the adoption of a modified form of the suggestion made by M. Theunis—that in the event of the necessity of imposing fresh sanctions other than those recommended by the Experts’ Committee, the power which imposes such sanctions shall guarantee the service of the German loan.