HAGUE CONFERENCE

Otago Daily Times, Issue 20930, 21 January 1930, Page 9

HAGUE CONFERENCE

CZECHOSLOVAKIAN LOAN. , COMPROMISE WITH ITALY. (United Press Association.) IBy Electric Telegraph—Copyright.) THE HAGUE, January 20; (Received Jan. 20, at 8 p.m.) A compromise, by which Italy will receive 10,000,000 gold marks from Czechoslovakia in respect to liberation loans, instead of the 11,000,000 marks provided for in the agreement, was only reached after a difficulty had been overcome. It will enable Italy to pay the 9,000,000 marks she guaranteed to Britain during the August conference, so that Italy will sign the Young plan without reservation. . It is understood that the compromise was due to strongly worded intervention by Mr Philip Snowden, who, it. is rumoured, compared the Little Entente with the man who robbed another of his watches and then offered' to lend his victim the money to'buy one back. Dr Bones, the Czechoslovakian foreign Minister, was the object of, Mr Snowden’s special attack. PRIME MINISTER’S EXPLANATION. GERMAN PROPERTY IN THE DOMINION. (Per Uniced Pbesb Association.) WELLINGTON, January 20. With reference to the cablegrams from The Hague in yesterday’s papers announcing that an agreement had been reached between New Zealand and Germany, the Prime Minister. (Sir Joseph Ward) explained that by the terms of the Young report it is recommended that all German confiscated property Vvhich is not liquidated or liquid, or finally disposed of, should be handed back. ■ ■ln the recent discussions at The Hague some little doubt has arisen as to whether the confiscated German pr<% perties in Western Samoa, which had been vested in the Crown some vears ago, could be-regarded as “finally disposed of ” by the agreement between Germany and New Zealand recently concluded at The Hague. These properties will not he returned, but are to he regarded as "finally disposed of,” and on the other hand German interests have been recognised in property of some small value in New Zealand.