STILL UNCHANGED

Poverty Bay Herald, Volume LV, Issue 16948, 11 May 1929, Page 5

STILL UNCHANGED

REPARATIONS PROBLEM NEGOTIATIONS CONTINUE BRITAIN WILL NOT YIELD (Elec. Tel. Copyright—United Press Assn.) (Australian and N.Z. Press Association.) (Received May 11, 10 a.m.) LONDON, May 10. News from Paris states that there is no change in the reparations situation. Herr Schacht conferred with other experts on the subject of Sir Josiah Stamj)'s report. it is hoped that Mr. Owen Young will soon be in a position to call a full meeting. Meanwhile, Mr. Young's distribution plan is the subject of private discussion. The British attitude remains as cabled. It. is confirmed that Mr. Young's proposal left Britain nothing for the Dominions or for debt arrears. The fact that the Dominions are not directly represented at the conference is regarded by the British delegation as a greater reason, if reason were needed, for not yielding on the subject of the Dominions' share. The British delegation's immediate rejection of Air. Young's proposal to reduce this share to zero is therefore selfexplanatory. The Daily Telegraph's diplomatic correspondent says he is able to reveal that the British Empire would' have received only £32,500,000 out of the £500,000,000 earmarked under Mr. Young's plan for reparations proper and miscellaneous claims. Our propoitions of reparations would therefore be reduced from 23 per cent, to only Gi per cent. Incidentally, the Dominions.' claim, amounting to about. £00,000,000, was wiped off the map by Mr. Young.