The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-12-23
BRUSSELS FARLEY
ADJOURNS IN HOPE
OF REVISING PACT
Much Depends on Raising
Credits Here on German
Property.
ALLIES URGE REFORMS
Suggest Decreasing the
Budget and Reducing Num-
Der OF State Employees.
TREATY CHANGE TO COME
Confident Meeting in January
Will Pave Way for Final
Settlement.
Bv the Associated Press.


BRrtssELs. Dec. 22.-At the con-
clusion Of the first phase of the second
| financial conference to discuss Ger
man reparations, the delegates APP
parently have a good idea OF Ger
many's ability to pay and of the as
sistance the Allies must give Germany
to meet their demands. Informal dis
cussions between the delegates will
continue until the Congress meets
again on January 10. The German
delegates left Brussels early this after
noon for Berlin. The allied delega-
lions met again in the afternoon with
the object Of bringing about an agree
ment in their reports to their re-
spective governments.
| The Germans seem satisfied that the
Allies will act favorably with respect to
the assistance required by Germany
| They took with them the allied SUCCESS
lions regarding reforms, such as de-
| creasing the budget, reduction or the
number of Government employees. in
crease in indirect taxes and other meas
ures to put Germany on her feet.
! 1OPc IOT SEGuAtS
1 There is feeling among the allied
! delegates that Germany should be al
| lowed to retain some shipping, and hope
| is expressed in some quarters that Ger
man property in the United States may
be made available for credits. 1t is felt
| in well informed circles that satisfactory
| ground for settlement is in sight
| All the delegates voiced their conf
! dence that the January session would
| prepare the case for speedy decision
by the Geneva meeting of representa-
| tives of the German and allied Govern
ments respecting the possibility of mod
| flying the treaty of Versailles in order
to enable Germany to pay the minimum
| reparations acceptable to the Allies.
Adjournment Of the conference until
January 10 was taken to enable the
Germans to get further information on
the questions submitted by the Allies
and facilitate an investigation of pay
ment of the German debt abroad and
other matters.
Use of German sequestered property
in America as basis of credit appar-
emily Is regarded here as an excellent
possibility, but the delegates are hest
tant about suggesting how the United
States should manage it's affairs. Amer
lean holdings of German property are
estimated at 1000. 100000 gold marks,
which Is considered adequate to satisfy
Germany's food demands, estimated by
| Herr Bergman at 5000. 100000 gold
marks for the coming year. n after
American citizens are compenso ed for
property seized abroad.
1OO,OOO,OOO.OOO Marks In Gold.
Payment by Germany of 100000. 000,-
900 marks in gold remains the basis
| Ip1,ich and Aa1euataG a
| working. This amount although far
below what was authorized by the treaty
| of Versailles, Is considered by them col
lectable only on condition that Germany
is helped along the lines suggested by
the German delegates.
Allied experts, In secret individual re-
ports, the substance of which has come
TO light recognize Germanys real neces-
stiles, and delegates generally are i'm
pressed by arguments that Germany is
an insolvent creditor who must be main
tained as a going concern. The extent
to which strict fulfllment of the Ver-
eailles treaty may be waved. however,
depends upon the allied Governments,
before which recommendations have
been made by the various delegations.
Virtually none of the delegates is still
of the opinion that the treaty can be
executed literally, and allied experts
|
must be paid chiefly in kind. Some
cash, however, will be demanded after q
year or two, II not Immediately
PARIS, Dec. ga new coal agree
ment between Germany and the Allies
to follow the Spa agreement, which ter
inmates tho end of January has vir-
tually been finished by the Preparations
Commission and already has received
the approval of most of the countries
concerned. Under the new agreement
Germany must provide minimum OF
100000 tons monthly without any
special compensation. as rs the case with
the Spa agreement
Frances share of this amount, which
heretofore has been almost three-fourths,
will be somewhat less, her share de-
creasing as the devastated mines OF
| France are restored.
| ~ ~ n evw