New-York tribune., 1920-12-22
Experts of Allies
For International
Loan to Germany
Investigators of Reparations
Urge Issuance of Script
to Allow TeutOns to
Purchase Raw Materials
Special Gable TO The Tribune

Copyright. 1920, New York Tribune Inc.
BRUSSELS, Dec. 21.-The Allied
financial experts, who to-day ended
their conference with German eco
homie authorities here, are carrying
home to their respective governments
identical notes embodying recon-
mendations for the aid of Germany in
settling her indemnify bill.
1t is understood that the Allied cx-
perts in their reports suggest that the
Allied governments approve plan
which originated with Lord d'Abernon,
British Ambassador at Berlin, which
would allow Germany to buy the raw
materials she requires in script Of an
international loan Of which amounts
would be issued from time to time, un-
der strict international control. The
amounts of the loans shall be in pro-
portion to Germany's exports.
The scheme also provides for sink
ing fund and a system for the stabli-
zaton of the marks value. 1t is prob
able that the loan would be backed by
the Allies in manner which would
keep the value Of the script from fall
ing below q certain point. The loan
would be guaranteed further by Ger
man customs receipts and by other
sanctions.
At the breakup Of the conference
to-day, the Allied delegates handed
several notes to the German delegates
but 1t is understood that they deal
only with questions Of more or less
academic Importance. The back of The
reDarations question, as far as it could
be settled here at Brussels, has been
broken. The great problem now is not
Germany, but to get the various Allied
powers to agree to the suggestions
made in the notes being taken home
by the Allied delegates
The conference probably viii resume
IT'S sessions here about the middle OF
January, at which time the Germans
VIII answer set of twenty-eight ques-
tons that have been put to them by
the AllleS on the reparatiOns problem,
but 1t is not believed probable that the
Herman's answers will have much eff
feet on the settlement.
france, for one, cannot accept grace
fully such n program as the economic
coihihlssioners have mapped out. Many
persons in France desire a reasonable
arrangement but no government ex-
cept, rerhaps, one under Raymond
Polncare, If he would consent to re-
turn, would have sufficient credit to
support such a policy before the pub
nc and Parliament. 1t is by no means
CERTAIN that Poincare would ACCEPT
such a task. The reparations commls-
sion set up under the Treaty of Yer
sallles, with which Poincare's name is
so closely allied, is another obstacle
to the success of the Brussels recon-
mendations, for the members Of this
body hold 1t their sacred privilege and
mission to fix GermaNy's war bi in ac-
cordance with the treaty and they ar
que that under no circumstances NAV
they take Germany's bankruptcy into
consideration. This commission, there
fore, which was set up to help execute
the treaty, ma become one of the
greatest hndrances to its practical ap-
plication.
Little is known here as to Lord
d dAlberon's conclusions on how much
Germany may be expected to pay in
money, but it is reported that progress
has been made toward estimating the
size of the annual annuities. On the
other hand, Germany's capacity for
payment IN kind has been almost set
tied and Germany's proposals for sup
Living articles needed in the devastated
regions are now undergoing eXamina-
tiOn