Bisbee daily review., 1919-03-02
By Review Leased WIre)

By Review Leased WIre)
 PARIS. Mar 1-The council of the great powers today began cOnsidera- ton of financial and economic prob lens, both as affecting the treaty of peace and permanent conditions after the war This subject is taken up aft CT weeks given to hearing on terri tOrial questions
 The subject was presented in two specific reports One was from the financial commission of which Louis KlOtz. French minister of finance, is chairman. and Albert Strauss and Nor man Davis are the American members The other was from the economic com mission of which Albert CIemenfeI of France is chairman and Bernard M- Baruch, Vance Mccormick and Dr A. A Davis, the American members.
 Financial Report BrieI
 titled Re The financial commissions report was brief. giving the main head ings of the vast financial reorganiza- ton required It does not embrace Te7aratiOns and indemnities for the war. as those subjects are being con sidered separately. Most of the head ings were presented without recon mendatiOns which are left to the cOu--- eil and the plenary conference.
 One of the main headings concerns war debts and debts made before the war in enemy countries and whether they are to be paid or repudiated and. if paid, the manner and priority Of payments Another heading deals with state property in territory taken o=-., such as state mines and state res-r ways
 The most important heading is en- titled .ReappOrtiOnment of the war debts of allied countries on a fair basis
 May Pool Debts
 While not presented in detail sffiiss heading opens one of the largest ques- tiOns presented to the conference Ac- ccrding to the French point of view the huge debts piled up by the war have fallen unduly on France, which is carrying the largest per capita load It is maintained. therefore. that a cer- tain portion of these allied war 0ebts should be pooled so as to be interna- tiOnal obligations instead of being carried alone by France This is on the theory that the war was not fought only as a defensive measure by France, but as an international con flict in which France bore the brunt because Of her geographical position
 Thus far. the proposal to redistri- bute the war burden has not been con sidered favOrably by the British. American or Japanese members The British do not wish to add to their burdens by taking part of the cOnti- T. she should hold aIOof from European indebtedness.
 Neither Plan Passed
 IL was at first suggested that this TeappOrtiOnment of war debts be incOr- pOrated in the peace treaty. but be cause of differences of opinion this suggestion was abandoned and the present suggestion cOntemplates a re appOrtiOnment of the debts under the financial section Of the league of na- tiOns which was reported faToTably yesterday
 Neither suggestion. however, has yet been passed upon by the supfeme council or the plenary conference and the magnitude of the proposals leads to the belief that there will be con siderable discussion before any such measure assumes definite form
 Another heading Of the financial I commission concerns the method O. stabilizins international exchange ! exchange which has been seriously 1 deTansed by war conditions, the issu- l ance of paper currency and other mea- 1 sures Another heading is the pOssi- i biiities of inteT-allied loans from neu- l tTal states. as it is understood that ] neutrals have large stocks of money l which may assist in the -readjustment ! of world finances
 The article concerning enemy fin ] aHcial interest in backward cOmmuni- | ties covers such countries as Morocco, l Turkey and China and what should I be done with the Germany Bagdad I railway and German concessions e. ShautUng and other parts Of China.
 Most Of the foregoing subjects are being considered with a view to per | manent conditions after the war. al- I though the requirements concerning I the war and pfe-War debts of the en- emy may figure in the peace treaty !