BRITAIN DEMANDS JUSTICE.

Timaru Herald, Volume CXXV, Issue 18351, 23 August 1929, Page 9

BRITAIN DEMANDS JUSTICE.

Young Flan Under Fire. ITALY REFUSES MODIFICATION. (United Press Association—By Elsctrlo Tel *j?raph—Copvrlght. > THE HAGUE, August 21. Signor Pirelli visited Mr Snowden, and told him that Italy was unable to yield any part of her share of reparations payments. International Bank. “The London money market wants the proposed International Bank to be located in London owing to doubts whether the Bank, if located in any other major money market, would be allowed to operate without constant political pressure.” This is what Professor T. E. Gregory, the London banking and economic expert, told the Institute of Politics at Williamstown (Massachusetts) to-day. “Pre-war experience shows that in Paris,” the Professor added, “the issue of international loans is frequently made subordinate to French foreign policy. London did not want the working of the new Bank to be exposed to similar dangers.” He declared that the proposed International Bank would be concerned primarily with reparations, and with the more general banking problems.

Future of Rhineland. Last evenir? the political representatives of the Powers concerned met again to continue the discussions on the evacuation of the Rhineland, and, according to correspondents, the British position was re-stated to the effect that British troops in any case will begin their withdrawal next month. BRITISH TROOPS IN RHINELAND. EARLY WITHDRAWAL * ANTICIPATED. (United Press Association—By Electrlo Telegraph—Copyright. I (Received August 22, 9.35 p.m.) LONDON, August 22. “The Times” says that tentative arrangements have been made for the withdrawal of the British Rhine troops, as soon as the Government is able to give the order. Conversations are proceeding, but it is hoped to begin the withdrawal in September. The Government wishes the evacuation at the earliest possible moment, preferably in complete form, rather than in stages. The German newspapers this afternoon give great prominence to the report, allegedly emanating from British official sources, to the effect that the War Office has instructed the commander of the Rhine troops to prepare to begin to evacuate the occupied zones on September 1, but British official circles at Wiesbaden deny the receipt of such instructions. It was further reported that the Belgians would replace the British at Wiesbaden, causing the Mayor to telegraph' Dr. Stresemann, urging him to prevent this, if possible.

PESSIMISM AT THE HAGUE. BREAKDOWN OF CONFERENCE FEARED. (United Press Association— By Electrlo Telegraph—Copyright.) (Received August 22, 7.15 p.m.) THE HAGUE, August 22. Everyone in close touch with the Reparations Conference, is pessimistic and regard it as practically certain it will end at least on Saturday, in a publicly acknowledged failure, or an indefinite adjournment. The gravity of the situation was shown on the faces of delegates following the plenary session held this evening, in connection with which closest secrecy is being observed. It is known only that Dr. Stresemann detailed at length Germany’s difficulties, and demanded she should be told how much, when and to whom she must pay reparations. He contended that as Germany was in nowise responsible for the creditor nations’ disagreement, she should, in any case, be allowed to begin the reduced payments under the Young Plan, on September 1. He added that the Budget had been framed in expectation of the adoption of the Plan. If the Government now had to increase pajmients to th*. level of the Dawes scheme, the Government would be defeated.

Both M. Briand and Mr Snowden, however, expressed the view that the Dawes scheme could not be abolished until the Young Plan was adopted. For the first time, thoughts are now turning to the arrangements necessary in the event of a final rupture of the conference.

The French correspondent, writing to the “Daily Telegraph,” says that the creditor Powers are beginning to realise that their quarrel over the division of the reparations may endanger the very existence of reparations payments.

The “Daily Telegraph” has an unconfirmed report that a revised offer to Britain will be submitted to Mr Snowden to-night, but possibly at a late hour.