REPARATION SETTLEMENT

Taranaki Daily News, 14 June 1929, Page 9

REPARATION SETTLEMENT

CRITICISM BY FINANCIERS HEAVY LOSSES BY BRITAIN BIG PROBLEMS REMAINING By Telegraph—Press Assn. —Copyright. Australian Press Association. Received June 13, 10.30 p.m. London, June 13. The Daily Telegraph’s diplomatic correspondent says M. Briand and Dr. Stresemann are reported to have privately discussed the question of an international conference to endorse the Owen Young reparations report and consider the anticipated evacuation of the Rhineland. They have not endeavoured to reach a concrete agreement in the absence of a representative of the present British Government. The magnitude of the problems, the correspondent says, would warrant the presence of the Prime Ministers. Mr. Ramsay MacDonald at any rate intends to be present. M. Poincare may be convinced of the expediency of a direct exchange of views with his British colleagues. Some of the highest financial authorities in Britain severely criticise the experts’ reparations report on the ground of Britain’s loss of £200,000,000 of arrears in respect to its initial debt and repayments to America. The critics doubt whether an international bank is workable. They fear that if it is it may be used to finance German exports to the detriment of British.