THE HAGUE DEADLOCK.

Waikato Times, Volume 106, Issue 17802, 29 August 1929, Page 7

THE HAGUE DEADLOCK.

EPIC CONTEST ENDED. IViR. SNOWDEN CHEERED. M. JASPAR'S COUNSELS PREVAIL. (Australian Press Association.) LONDON, Aug. 28. An official report issued by the British delegates says the basis of the agreement is that the other medzloi Powers, by an adjustment to be m.idc with Germany within the fra [ rir '^ of the Young plan, will provide sums which will enable Brilam to reeenc a total of 90,000,000 marks (about £4,800,000) as an unconditional anFurthermore, the Italian delegates, undertake that the Italian State Railways will purchase 1,000,000 tons of British coat a year for three years at. the best British free market prices ruling at the dale of the contracts. The final agreement is now being prepared and the conference is to continue. It is generally admitted that Mr Snowden and Mr W. Graham, President of the Board of Trade, have won an epic contest. The agreement was reached at 1.35 a.m. ■ Under the proposed settlement, Britain will secure £1,800,000 from sums guaranteed by the other creditor Powers, also £900,000 from the balance o’f the unconditional annuities under the Young plan, and, flnallj, £2,100,000 to be made available by rearranging (subject to Germany s consent) the annual amount of the unconditional annuities without increasing the aggregate total. Consequently the amount, for meeting* the services of the Dawes loan will he a fixed sum each year. Thus Britain will - receive a total of £4,800,000.

The untiring mediation of M. Henri Jaspar (Belgium) was largely responsible for the settlement. The representatives of the five Powers are to meet the German delegates this morning. Mr. Arthur Henderson, British Foreign Secretary, says he considers the settlement very satisfactory.

Mr Philip Snowden, British Chancellor of the Exchequer, was loudly cheered as he left the place of meeting.

A GREAT VICTORY. MR. SNOWDEN SHOWS THE WAY. GLOOM DISPERSED. THE HAGUE, Aug. 28. It is agreed that .Mr. Snowden has won a great victory. It was he who suggested the decisive meeting and showed the way to avert the impasse that would have arisen if the representatives of the other Powers had refused to believe he meant what he said. The debate was begun in an atmosphere of gloom and despair. Not one person out of 10 believed a solution to be possible. A dramatic touch was given to the proceedings at midnight. The German delegates wre summoned by telephone indicating an adjustment of the points of view of Britain and the other four Powers. Previously M. Briand and Herr Stresemann had implored the delegates to reach a settlement and save the nations from political and financial chaos. Mr. Snowden followed the French and German Foreign Ministers. He assured the conference he desired only just and equitable treatment for Britain, which the Young Plan omitted. Then he outlined a scheme which, subject to Germany’s consent, would give Britain 80 per cent, of her claims and which he said would be acceptable to him. PARIS, Aug. 28. The Minister of the Interior ordered the proprietors of cinemas to refrain from screening a news gazette showing Mr Snowden at the Hague for fear it might provoke hostile demonstrations, perhaps riots.

LATER. ALL GOING WELL. A GERMAN OBJECTION. (Received August 29, 9.15 a.m.) THE HAGUE, Aug. 28. It is reported that Germany’s refusal to pay the costs of the Rhineland occupation after September 1 is proving a stumbling block, but M. Loucheur, when emerging from the council hall at luncheon time, whispered. “All is going well.” RELIEF AND GRATIFICATION. FRENCH MOVE MISCARRIES. NATION .BEHIND MR. SNOWDEN. (Australian Press Assn.—United Service 1 (Received August 29, 12.30 p.m.) LONDON, August 28. Great relief, coupled with deep gratification, is expressed throughout political circles to-day as the result of the tide suddenly turning, and with such a triumphant finale there is a disposition in London to speak more freely than for some days past. It appears that the big moment which occurred during the week-end seems to have been the culmination of a cunning French move to entrap Mr. Snowden by exploiting his determination to such an extent ttiat Mr. Ramsay MacDonald would have been forced to make an eleventh-hour intervention and fly to The Hague, but Mr. MacDonald’s further intimation during the week-end emphatically refusing the merest concession to the French demands caused France, and perhaps also Italy, to realise that Britain to a man was behind Mr. Snowden’s claim. MR SNOWDEN FELICITATED. REGULAR WORK FOR MINERS. ACTION BY FRENCH POLICE. n ress Assn—linlt.ert service.) (Received August 29, 12.15 p.m.) LONDON, August 28. Mr Snowden is to lu’oadcasl a statement on The Hague settlement on Monday, (Continued in next column).