THE HAGUE CONFERENCE

Wanganui Chronicle, Volume 72, Issue 197, 20 August 1929, Page 7

THE HAGUE CONFERENCE

POWERS’ REJECTED OFFER Details of the week-end offer to Britain at The Hague Reparations Conference are supplied in the latest cables. The German Press is sanguine that the bulk fMr Snowden’s claims will be ultimately conceded. [ Australian Pres* Assn. ] Received August 19, 10 p.m. LONDON, Aug. 19. Details show that the four-Power week-end offer to Britain included the additional capital sum of £5,000,000 out of the Dawes annuity for the period between the Dawes and the Young plans. Mr Snowden admits that this reduces Britain’s claim from £2,400,000 to £2,100,000 annually. Secondly, the offer included an additional capital sum estimated at £lO,000,000 out of the Dawes payments. This is only equal to one quarter of Britain’s demands. Thirdly, it included an increased share of the unconditional annuity arisin to from the services of the Dawes loan, equal to £1,833,000, whereas Mr Snowden claims that Britain is entitled to an unconditional annuity of £6,000,000. It is now expected that the conference will last till the week-end, because the Queen, after consultations, hag issued invitations to dinner on Friday.

“THE IRON CHANCELLOR?” SNOWDEN THE ENGLISHMAN. L Australian Press Assn. ] Received Aug. 19, 10 p.m. ’ BERLIN, Aug. 19. The Press is sanguine that the bulk of Mr Snowden’s claims will be ultimately conceded. The Morgen Post honours him with the title of Iron Chancellor,” previously reserved for Bismarck. It emphasises that he is not acting a s a Labourite but as an Englishman from first to last.