REPARATION CRISIS.

New Zealand Herald, Volume LXVI, Issue 20257, 17 May 1929, Page 11

REPARATION CRISIS.

CHEERS FOR MR. BALDWIN. HINT TO FOREIGN POWERS. Australian and N.Z. Press Association. (Received May 16. 10.5 p.m.) LONDON, May 15. The Prime Minister, Mr. Baldwin, was loudly cheered at Newport when, in the course of his open-air speech, he referred to the reparation crisis which occurred in Paris last week. I would utter a word of warning to foreign nations, said Mr. Baldwin. They must not expect Britain to do all the disarming and all the debt paying. This is not the spirit of the Covenant of the League of Nations. We must all march forward together and we will march forward with the quickest who are so doing. NEW BRITISH SCHEME. DAWES PLAN ABOLITION. PROVISION ABOUT RAILWAYS. Australian Press Association—United Service (Received May 17, 12.15 a.m.) ' PARIS. May 16. The newspaper Le Matin predicts that the draft reparation plan prepared by Sir Josiah Stamp, chief British representative on the Committee of Experts on Reparation, proposes that the control under the Dawes plan shall be abolished as soon as a new system is in operation. Also that the German railways shall remain in the hands of an independent company, on the board of which the creditors of Germany shall bo represented. Tho report contains no figures relating to annuities, except deliveries in kind, but it includes a copy of a letter from Dr. Schacht, chief German delegate, to Mr. Owen Young. This states that the German delegates accept the figures Mr. Young suggested on May 6. Le Matin says it is by no means certain that tho figures will be approved by Germany's creditors.

CANADA'S ATTITUDE.

MR. YOUNG'S PROPOSALS.

A DEFINITE REJECTION,

(Received May 16, 10.35 p.m.)

United Service. OTTAWA. May 15. The Prime Minister, Mr. W. L. Mackenzie King, made it clear to-day that Canada will not be a consenting party to the new reparation plan evolved by Mr. Owen D. Young, United States representative at the Paris Conference. Ho said Canada's revenue had been materially augmented in the past few years and would be for some years to come from German reparation payments.