REPARATIONS

Wairarapa Daily Times, 11 June 1932, Page 5

REPARATIONS

GERMANY’S ATTITUDE MAY DEFAULT. Ufoas Association Electric Telegraph—Copyright LONDON, Friday. While Mr MacDonald's meeting with M. Herriot, en route to Switzerland, is everywhere welcomed, there is still little sign that a permanent agreement at Lausanne is possible. According to the "Daily Telegraph,” official circles in London expect the procedure to bo somewhat as follows: —Germany will declare her inability ever to resume payments; France will not accept this position, and the immediate result will be an extension of the moratorium until the end of the year, the appointment of committees, and an adjournment. Then the holding of the World Economic Conference at London in October, a similar appointment of technical committees, followed by an adjournment during the American elections in November, and reemerging as a plenary conference when American policy will be re-stated. The London and Lausanne Conferences, in the light thereof, will enter the final stages at the end of the year in an attempt to reach a decision. It is understood that, with the advent of M. Herriot, the French attitude will have undergone a modification. It is believed the French Government might even consent to the cancellation of Allied war debts, or that Britain may agree to join France, Italy, Belgium, and others concerned, by serving notice on America of their inability to pay the debts, since they are receiving no more payments from Germany. It is reported from Berlin that Herr von Papcn himself has decided to go to Lausanne, and is leaving on Tuesday.