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MEETING BRITISH CLAIMS

METHODS BEING EXPLORED

RUPTURE AT HAGUE AVOIDED

EARLY SOLUTION PROBABLE

By Telegraph—Press Assn.—Copyright. Australian Press Association.

United Service. The Hague, August 13. With the financial and political commissions not fitting, the French, Belgian and Italian delegates are privately exploring methods for meeting Britain’s claims for a reduction of deliveries in kind.

One of the proposals being discussed is that of offering Britain £1,500,000 of the £2,600,000 surplus which, under the Young plan, is allocated to the service of the International Bank. France and Belgium are understood to have agreed to this offer, but the Italians have not yet consented.

The possibility of a rupture in the conference is believed to have been indefinitely postponed, and it is thought that a solution will be found within a week. The Paris Press comments reveal, a more conciliatory attitude towards Britain’s demands at The Hague. Le Journal, reporting an interview with Mr. Snowden, says: “You ask how to surmount the difficulties. The reply is to give England the feeling that she is no longer unfairly treated. Consider that what she asks is what is due."

Tlie Matin, while opposing the total recasting of the Young plan, nevertheless declared that it was not hostile to seeking to satisfy England within the limit of the plan. * L’Avenir, however, peremptorily asks: “Does Mr. Snowden persist in demanding a revision of the annuities at our expense? If the answer is yes, then we remind MM. Briand and Cheron that there are excellent trains from The Hague." Addressing the Institute of Politics at Williamstown, Massachusetts, to-day, Mr. Herbert Heaton, economist at the University of Minnesota and a native of England, declared that Mr. Snowden was justified in his objections to the desertion of the Spa percentages and the distribution of the unconditional German payments. In the demand for the abolition of payments in kind, however, Mr. Heaton believes that the British spokesman was “on less firm ground" in making a demand for the restoration of the Spa percentages. Mr. Snowden .merely wished to get money which would recoup England for the "sums already paid to America, as the sums still owing were provided for in the Young report. He declared that the Chancellor’s demand for a larger share of. the unconditional annuities was also justified, as, should Germany be unable to pay her annuities in full in any year, surely all the creditors should suffer equally in that event. If, on the other hand, Germany was able to pay regularly and in full. France would have lost nothing by admitting England’s’right to a larger share of the unconditional payments.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TDN19290815.2.64

Bibliographic details

Taranaki Daily News, 15 August 1929, Page 9

Word Count
434

MEETING BRITISH CLAIMS Taranaki Daily News, 15 August 1929, Page 9

MEETING BRITISH CLAIMS Taranaki Daily News, 15 August 1929, Page 9

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