Germany’s Annuities Fixed by Experts

Sun (Auckland), Volume III, Issue 638, 15 April 1929, Page 9

Germany’s Annuities Fixed by Experts

DEBTS AND REPARATIONS

INCREASING PAYMENTS (Australian and. X.Z. Press Association) Reed. 11.5 a.m. PARIS, Sunday. The Allied experts’ demands were presented at. the plenary session of the Reparations Committee. It will not be decided until Monday whether the details will be published. Average prophecies concerning the Allies’ memorandum appear to indicate an initial minimum of Germany’s annual payments amounting to £89,500.000. rising during 36 years to a maximum of £115,000,000. At the beginning, half will be devoted to reparations and half to war debts. Later, when the maximum is reached, two-thirds will go to debts and the balance to reparations, upon the extinction of which, at the maximum year, there will continue yearly debts payment of £81,000,000 till discharged. “Le Matin” asserts that the reparations figures are "not acceptable to the Germans, who intend asking time to consider the document carefully.

SHARE OF REPARATIONS

NO REDUCTION OF U.S CLAIMS

(Australian and X.Z. Press Association) WASHINGTON, Saturday.

The interests of the United States in a settlement of the reparation problem were discussed at an important conference between the President, Mr. Herbert Hoover, and the Secretary of State, Mr. H. L. Stimson, to-day. It is understood that the President has taken a view opposing a reduction of America’s claims or the costs of the Rhine occupation at present, but he might consent to reductions after the United States has received the same percentage of those payments as Britain and France. It is believed that a memorandum representing the American point of view has been drawn up and Jcrwarded to the United States reparation experts in Paris.