CREDITOR POWERS CONSIDER TERMS
GERMANY’S OFFER. Times Cable. Received Friday, 11.30 p.m. PARIS, May 17. Delegates of the creditor Powers considered Sir Josiah Stamp and Herr Schacht’s draft report with Herr Schacht’s appended letter, accepting the proposed annuity of 2,050,000,000 marks, for 37 years, plus payments covering tho inter-AUicd debts for a further 21 years. Herr Schacht is also understood to have offered an unconditional payment of 500,000,000 marks yearly, plus the service of the Dawes loan, U.S. Army costs and U.S. reparations, enabling creditors to commercialise the capital equivalent of tho annuity of 500,000,000 marks, or otherwise £400,000,000. The lowness of the French sharo of this presages a deadlock. Tho French delegates aro reported to favour returning to the Spa percentages and agreeing to tho distribution of tho new annuity in accordance therewith, but the main opposition will probably come from Belgium and Italy.
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Manawatu Times, Volume LIV, Issue 6912, 18 May 1929, Page 7
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145CREDITOR POWERS CONSIDER TERMS Manawatu Times, Volume LIV, Issue 6912, 18 May 1929, Page 7
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