ACTIVITY AT LAUSANNE

Pahiatua Herald, Volume XL, Issue 12078, 23 June 1932, Page 5

ACTIVITY AT LAUSANNE

COMMISSION SUDDENLY CALLED ER A NOE’S IXTEXTIONS. United Press Assn.—By Electric Telegraph—Copyright LONDON, June 22. A message from Lausanne states that the report that France has announced her willingness to disarm by ten per cent, caused unusual activity in official quarters. It is understood the French reparations proposals at yesterday’s discussions included the suspension of reparations for a further three years followed by" Germany’s payment- of a global sum as yet unfixed divisible between America and, other creditors on a proportionate basis. Meanwhile deliveries in kind are to continue. A Geneva message states that Mr Arthur Henderson has unexpectedly called a meeting of the general commission, on Disarmament for 4.30 today to consider the American limitation plan. GERMANY CANNOT MAKE FURTHER PAYMENTS. LAUSANNE, June 22. Coincident with the Anglo-French efforts to find an acceptable reparations formula, Germany Ims submitted a memorandum to Mr Ramsay MacDonald declaring her inability to make further payments, also suggesting concerted action to solve the problem and offering as an appeasement to French anxiety" to agree to a clause under which Germany and other interested Powers should confer if the security of peace, is in anv way threatened. The French and Belgian delegates are reported to have agreed to the figure for the eventual German payment which they estimate at from seven to eight milliard marks.