DEBTS TO ALLIES

Southland Times, Issue 20665, 22 April 1929, Page 7

DEBTS TO ALLIES

GERMANY’S; OBLIGATIONS DEADLOCK AT EXPERTS’ CONFERENCE FAILURE INDICATED (United Press Assn.—By Telegraph—Copyright.) London, April 19. The latest report from Paris indicates that the failure of the Experts' Conference is practically certain. This would mean a continuance of the Dawes annuities which Germany declares she will be unable in future to transfer fully, though the Allies do not believe she will risk the blow to ■her credit which non-payment would involve.

The committee of experts met according to arrangements and immediately adjourned till April 22, out of respect to Lord Revelstoke, whose sudden death occurred on Friday.

How Dr Schacht’s bombshell came to be exploded last night remains a mystery. It was distinctly understood on the best authority that Dr Schacht’s exiguous offer was only made for bargaining purposes and did not amount to an ultimatum. It was suddenly announced on equally good authority that Dr Schacht's offer must be accepted or rejected in its entirety, hence a worldwide supposition that the conference would break up. but to-day Berlin says it is all a misunderstanding. Finally Dr Schacht denies that he ever intended his memorandum to be regarded as an ultimatum. Asked point blank whether the memorandum was an ultimatum, Dr Schacht said it was not and was never meant, to be—it was merely a bargaining proposal like those of the Allies.—Australian Press Association.