SETTLEMENT IN EUROPE.

New Zealand Herald, Volume LXI, Issue 18772, 28 July 1924, Page 7

SETTLEMENT IN EUROPE.

EFFORTS OF THE ALLIES;

LONDON CONFERENCE'S TASK.

FRENCH GROWING RESTIVE.

AN INVITATION TO GERMANY.

MATTER TO BE DECIDED TO-DAY.

By Telegraph—Press Association—Copyright.

(Received 5.5 p.m.)

A. and N.Z.—Reuter. LONDON. July 26. The jurists of the inter-Allied Conference have completed their report regarding the terms of the invitation to Germany to attend the sittings. -The conference will consider the report on Monday, when it will decide tho question of inviting Germany. The fundamental differences at the conference, which have been emphasised by French comments, are summed up in a remark by the newspaper Le Journal. It says that the situation is stationary, and likely to continue so owing to the bankers having departed from their province of finance and haviing claimed the right to interfere in political questions.

Le Matin and La Nouvelle say that the French Premier, M. Herriot, cannot wait indefinitely in London till a formula has been found, as French Parliamentary and public opinion is uneasy and bewildered. They state that there are excellent French experts capable of (wrying on the discussion to a successful issue at the guidance of the Minister for Finance. "

Le Petit Parisien says that the British Prime Minister on Thursday evening expressed a desire to invite Germany to send representatives to the conference. The delegates to-day went to Spithead to witness the naval review.

BANKER AND THE LOAN.

BONDHOLDERS' SECURITY. OTHER DIFFICULTIES SIMPLE. (Received 5.5 p.m.) Router. NEW YORK, July 26. On the eve of his departure on a holiday trip to Europe Mr. J. P. Morgan, the banker, officially stated that the American bankers do not desire to make political suggestions, much less to attempt to enforce political views in connection with the discussion of the proposal for the German loan. He said his trip was not concerned with the London j conference.

s'Mr. Morgan indicated that if the loan is arranged and if his advice as to the terms is sought, he would be glad to make suggestions as to the sale of bonds

in this country.

"It goes without saying that as bankers we should not ask the American investor to buy German bonds unless, and until, the Allies, in their own time and for their own reasons, have determined upon a policy which will in our opinion secure the bondholders," added Mr. Morgan. "If this simple and obvious fact is remembered, I think it will be found that most of the questions now under discussion will answer themselves."