YOUNG PLAN IN DISFAVOUR.

Timaru Herald, Volume CXXV, Issue 18353, 26 August 1929, Page 9

YOUNG PLAN IN DISFAVOUR.

Slow Work at the Hague. REPORTED OFFER TO ME SNOWDEN. (United Press Association—By ■setrt# To! egraph—Copvrlght.) (Received August 25. 5.5 p.m.) THE HAGUE, August 24. The only gain Britain recorded during the week-end is Italy’s consent to import larger quantities of British coal | for Italian railways. This has been embodied in a protocol, which is only ! the formal agreement thus far reached ! in the Conference. Meanwhile there is ■ the failure of the four Powers to in- ; duce Germany to contribute, but Dr. Stresemann is still willing to consider the possibility of doing so. Mr Snowden and the others worked all day to reach some conclusion. Mr Philip Snowden has sent a letter to M. Jaspar demanding, without delay, a clear and final written offer from the four Powers. He rejected as inadequate, a subsequent verbal offer. Confusion at the Conference has become worse confounded. The four Powers have intimated that they have made all possible concessions to Britain and now it is a question between Britain and Germany. Accordingly, late in the afternoon Dr. Helferding and Herr Curtis visited Mr Snowden, but Herr Curtis denied that Germany had made any offer. Nevertheless there is a strong impression that Germany is prepared to bargain and make certain economic sacrifices if she obtains concessions such as tb* early evacuation of the Rhine. FURTHER MODIFICATION SUGGESTED. NO DEFINITE CONCLUSIONS. (United Press Association—By Electrlo Telegraph—Copyright.) (Received August 25, 5.5 p.m.) LONDON. August 24. The Hague correspondent of tho Manchester Guardian” reports receiv- | ing the French press at midnight. M. ! Loucheur announced that France, ; Italy. Japan, and Belgium had Jointly offered Mr Snowden that a fixed sum annually would be added to the British share of the Young annuities. He could not at present mention the amount, nor how it would be distributed between the four Powers. It remains to be seen whether Mr Snowden will consider the amount sufficient, but the offer seems most practical, as it avoids the necessity of a revision of the distribution of the Young annuities. Mr Ramsay Macdonald, after three forced landings, owing to bad weather, landed at Hendon from Lossiemouth, and motored to Downing Street. He disclaimed that there was any special significance to his return to London, and would not say whether he was visiting The Hague, where he admitted matters were indefinite. Mussolini's Jibes. Signor Mussolini in a special article in the “Evening Standard,” Justifying Italy’s opposition to the British claims at The Hague, says: "It is remarkable that Mr Philip Snowden, one of the great pillars of the British Labour Party, should lead the fight for England on strict Nationalist lines. The Labour Party proposes to grant extended independence to Egypt on the principle of self-determination and the democratic conceptions of the concord of the people, yet Mr Snowden leads the fight purely on national claims, apparently in complete oblivion to his party’s professed adherence to international solidarity. “The Young Plan seems to be the best that can be worked out from a complex and intricate situation. This conference must succeed or we are faced with a European financial crisis. England will gain with all the rest when the question is finally removed from the field of international controversy.”