Neutral Arbitration

Sun (Auckland), Volume III, Issue 746, 20 August 1929, Page 9

Neutral Arbitration

LATEST PLAN AT THE HAGUE Four Powers’ Offer Analysed SNOWDEN CALLED IRON CHANCELLOR (United r.A. —By Telegraph — Copyright) (Australian and N.Z. Press Association) (United Service) Received 10.48 a.m. THE HAGL E, Monday - A COMMITTEE of Treasury experts, on which Britain is represented, is endeavouring to draft a joint repoit, setting- out the advantages derivable by Britain from the Young plan, and estimating the value of the concessions to Britain made by the four Powers. In the event of no agreement being reached, the tour Powers are likely to propose neutral arbitration, with Mr. Owen D. Young or Mr. J. Pierpont Morgan as arbitrator.

Details are now to hand of the offer made at the week-end to the British delegates to The Hague Conference by the representatives of the other four Powers. These show that the offer included an additional capital sum of £5,000,000 out of the Dawes annuities for the period to elapse between the ending of the Dawes plan and the coming into operation of the Young plan. Mr. Philip Snowden, the British Chancellor of the Exchequer, admits that the offer would reduce Britain’s claim from £2,400,000 to £2,100,000 a year. Secondly, the Powers offered an additional capital sum estimated at £10,000,000 out of the Dawes payments. That would only be equal to one-quarter of Britain’s demands. Thirdly, there was an offer of an increased share of the unconditional annuities arising front the services of toe Dawes loan, equal to £1,833,000. Mr. Snowden claims that Britain is entitled to an unconditional annuity of £6,000,000. It is expected now that the conference will last until the end of this week, because the Queen of the Netherlands, after consultations, has issued invitations to the delegates to a dinner on Friday. A message from Berlin says the German Press is sanguine that the

bulk of Mr. Snowden's claims ultimately will be conceded. The “Berliner Morgenpost” honours him with the title of “The Iron Chancellor,” previously reserved for Bismarck. The paper says Mr. Snowden is not acting as a Labour leader, but as an Englishman from first to last. RHINELAND EVACUATION HENDERSON’S DEFINITE UNDERTAKING FRENCH PROCRASTINATION (Australian and N.Z. Press Association) Reed. 11 a.m. THE HAGUE, Mon, The British Foreign Minister, Mr. Arthur Henderson, at a meeting with M. Briand (France), Dr. Stresemann (Germany) and M. Hymans (Belgium), stated that Britain would start moving her troops from the Rhineland area of occupation during September. It is expected the French will continue a policy of procrastination until the financial results of the conference are known, the French standpoint being that evacuation must await a full settlement of the Reparations and mobilisation of German payments.