AGREEMENT ON SANCTIONS

Taranaki Daily News, 17 January 1930, Page 9

AGREEMENT ON SANCTIONS

PROGRESS AT THE HAGUE

SHOULD GERMANY DEFAULT THE PROCEDURE LAID DOWN By Telegraph—Press Assn.—Copyright. Rec. 5.5 p.m. The Hague, Jan. 15. The Big Six satisfactorily disposed of the sanctions question by the issue of a declaration signed by representatives of Belgium, Britain, France Italy and Japan which will be annexed to the conference’s final protocol. The declaration says that the plan includes procedure to overcome differences of opinion and difficulties in operation, but if Germany violates her pledges and adopts action destroying the plan creditor Governments would appeal to the Permanent Court of International Justice. If the Court decides that Germany is trying to destroy the plan the creditors will resume full liberty of action. It adds that the creditors are convinced that such a hypothetical situation will not arise and feel assured that Germany shares the conviction, but they are bound in loyalty to their respective countries to make a declaration.

The German delegation declared its regrets at such an eventuality, which it is impossible should be contemplated. It agrees to the proposals. It was announced yesterday that the German Government would take the necessary legal steps to ensure the cooperation of the Reichsbank in the International Bank. In the face of this decision Dr. Schacht, head of Reichsbank, made it known that he would not evade the consequent obligations. It was announced at a meeting of the Big Six that Australia and Germany had reached an agreement on the liquidated German property. New Zealand has still not agreed, Samoa being the outstanding point in the dispute. There was an unexpected hitch in connection with the Australian-German property agreement, which was not signed.