REPARATION CONFERENCE

Waikato Times, Volume 94, Issue 14601, 28 February 1921, Page 5

REPARATION CONFERENCE

GERMANY'S PROPOSAL £7,500,000,000 OVER 30 YEARB. DELEGATION REACHES LONDON. (Australian and N.Z. Cable Assn.) Reoelved February 27, 5.5 p.m. LONDON, February 26. The Daily Chronicle's Berlin correspondent states that I lie German Cabinet has adopted the reparation counter proposals, providing for the co-operative control of the world's raw products and the allotment of » percentage of Germany's industrial products to the Allies as reparation, with a partial payment In gold. A preparatory meeting of the German delegation has been held. Mr Lloyd George is entertaining at Chequers over the week-end, Lord Curzon. Mr Bonar Law, Sir Hamar Greenwood. M. BriancT, M. D'Abernon, M. Berthelot, Marshal Foch, Field Marshal Wilson, and General Weygand. PARIS, February 26. The newspapers interpret the summoning of Marshal Foch, who will arrive with Field Marshal Wilson oil Sunday, as indicating that a preliminary discussion of penalties will "do held. The Petit Parisien declares that France must insist that the reparations be considered separately from disarmament, wliicb is regarded as settled.. France must oppose the substitution of economic for military penalties.

The German delegation, totalling r>o. will arrive on Monday, and will,bo aocommodated at the Savoy Hotel.

The Evening Standard's diplomatic correspondent stains that Ifprr Simons will offer a total indemnity of £7,500.000,000, spread over 30 years, and the elimination of the 12 per cent tax on exports.

QERMAN CLAIMS REFUTED. ALLIED EXPERTS' REPORTS. (Australian and N.Z. Cable Assn.) Received February 27, 11.5p.m. LONDON, February 27. The Allied Conference of economic experts has submitted a report intended to meet Germany's contention that she is unable to pay the indemnity demanded. The report points out Germany's favourable economic situation compared wilh the Allies. She has not suffered material war damaee nor contracted a heavy foreign debt. France's foreign debt Is 2386 francs r.er head, and Germany's only 40 marks. Germany's disarmament saves the pre-war expenditure on the armv and navy, and releases considerable man-power for increased production.