LAUSANNE PROSPECTS

Otago Daily Times, Issue 21668, 11 June 1932, Page 11

LAUSANNE PROSPECTS

NOT REGARDED AS HOPEFUL DAILY TELEGRAPH COMMENT (United Press Association.) , (By Electric Telegraph—Copyright.) LONDON, June 10. (Received June 10, at 9 p.m.) While Mr Ramsay MacDonald’s meeting with M. Herriot, while he is en route to Switzerland, is everywhere welcomed there is still little sign that a permanent agreement at Lausanne is possible. According to the Daily Telegraph, official circles in London expect the procedure to be somewhat as follows:—Germany will declare her inability ever to resume payments. France will not accept this position, and the immediate result will be an extension of the moratorium until the end of the year, the appointment of committees which will then adjourn, the holding of a world economic conference at London in October, with the similar appointment of technical committees, followed by an adjournment during the American elections in November, and re-emerging as a plenary conference when the American policy has been restated. The London and Lausanne Conferences in the light thereof will enter the final stages at the end of the year in an attempt to reach decisions. It is understood that with the advent of M. Herriot the French attitude has undergone modification, and it is believed that the French Government might even consent to cancellation of the Allied war debts or that, Britain may agree to join France, Italy, Belgium, and others concerned by serving notice on America of their inability to pay their debts since they themselves are receiving no more payments from Germany. It has been reported from Berlin that Herr von Papen himself has decided to go to Lausanne, and will leave on Tuesday.