STILL IN THE BALANCE.

New Zealand Herald, Volume LXI, Issue 18774, 30 July 1924, Page 9

STILL IN THE BALANCE.

DECISIONS OE ALLIES, LONDON CONFERENCE PROBLEMS FRANCE AND IME BANKERS. SCHEME BEING PREPARED. AMERICA URGES DAWES PLAN. By Telegraph—Press Association—Copyright. (Received 9.35 p.m.) A. and N.Z. LONDON, July 23. It is understood that tile distinctive feature of the third plenary meeting of the inter-Allied Conference yesterday was the promise of the French delegation that it would submit to the conference on Wednesday a scheme, by means of which the objections of the British and American bankers may be met. A compromise regarding the French and Belgian railwaymen is also probable.

The conference decided to invite all the members of the Reparation Commission to come to London.

The diplomatic correspondent of the Daily Telegraph stated that the situation in connection with the proceedings of the first committee of the conference to-day again threatened to end in a complete deadlock. Colonel A. J. Logan, one of the United States representatives, then made an unexpected and dramatic move.

Speaking in the most deliberate manner Colonel Logan said that the United States Government regarded the putting of the Dawes report into operation as a matter of the greatest concern, indeed, as the only practical way out of European difficulties. He repudiated the. suggestion that the American bankers were in any way animated by a desire to meddle in politics.

A message from Paris states that several of the French newspapers publish angry comment on the way in which the British Prime Minister, Mr. Bamsay Mac Donald, brought forward the question of the evacuation of the Euhr.

L'lntransigcant says it understands that General Mollet, Minister for War, owing to the trend of matters, twice last week ofi'sred his . resignation.' The Premier, M. Herriot, declined to accept ft, however.

Le Temps says it understands that England is determined 'ltd evacuate the Cologne zone in January-

The National Union of Manufactur«rs has presented a petition to the Hduse of Commons and the House of Lords protesting against the £40,000,000 loan to Germany, on the ground that it would help the dumping of German manufactures in Britain, and increase German competition with the dominions and Colonies; apd with India. This would entail, the petitioners say, lower wages and increased unemployment.