POINTS SETTLED

Southland Times, Issue 20793, 6 June 1929, Page 5

POINTS SETTLED

REPARATIONS QUESTION

UNANIMOUS REPORT TO BE SIGNED

BASIS OF AGREEMENT

(United Press Assn.—By Telegraph—Copyright.) (Rec. 9.50 p.m.) Paris, June 5.

The Reparations Experts-have agreed to sign a unanimous report on the basis of the German proposals that the operation of the Young Plan should be held up until the completion of the Beigo-Gcrman negotiations on the mark question, which are beginning immediately. It is anticipated that the experts' statement will be ready for signature before the week-end. It is a long document of 40 pages.

Asked if he was glad a settlement had been reached Dr. Schacht replied: “No. Who would be glad to have to pay so many millions yearly?” The American delegates are sailing on Saturday.—Australian Press Association—United Service. SUCCESSFUL ISSUE WORK OF REPARATIONS EXPERTS. PRESIDENT HOOVER’S MESSAGE. (Rec. 7.15 p.m.) Washington, June 4. President Hoover expressed "great satisfaction at the successful conclusion of the Reparations Experts’ works.” In a message to Air Owen D. Young, he said: “It is the most, important step towards a restoration of international confidence and national stability.” The New York Times, commenting editorially upon the reparations settlement, says: “It combines fairness to both sides and practical sense. We have finally escaped out of the war psychosis.” The New York .World says: “The solution reached ought to give Europe at least ten or fifteen years’ relief from the irritation inherent in reparations. It is a pardonable form of national pride for Americans to feel that-their experts played an indispensible part in what is perhaps the most successful great negotiation of th : s age. Our nation should not fail to celebrate their triumph.”—Australian Press As-, sociation. GERMANY’S HIGH HOPES EVACUATION OF RHINELAND. Berlin, June 4. There was a mild scene in the Foreign Committee of the Reichstag when the Nationalists’ motion for the rejection of the reparations agreement as over-burden-ing Germany was heavily defeated, upon which the Nationalist walked out in a body. Herr Stresemann virtually indicated that Germany would sign the agreement only if the Allies agreed to the immediate evacuation of the Rhineland, on which she is building high hopes under Labour’s administration in Britain.—Australian Press Association.