Great Falls daily tribune., 1920-03-10

FULL INDUSTRIAL RESUMPTION.
Seeond-Not only the government of
eaeh country. but all those engaged in
production i'll every land should give i'm
medlate attention to the execution of
al measures which will contribute TO
the fall resumption of peaceful industry.
20 the encouragement of better outpur
oF workers IN every country to the i'm
proyement of machinery and means of
transportation and the removal Of such
disturbing factors as proflteering.
Muat End Extravaganza.
lhlrd--Each government should i'm
mediafely consider means for urging uo-
on its nationals III every rank Of life
tho vital necessity of suppressing ~
travagance and reducing expenditure, SO
as 70 bridge the gap which must for
some years exist between the demand
Tor and the supply Of essential COM
Essential TO Debate.
Fourth-It is essential that early
steps be taken to secure deflation Of
credit and currancy-ffirst by reduc-
ton Of recurrent government expendi-
ture within the limit of the revenue:
ts2eonaI by imposition of such adli-
tional taxation as is necessary to. Sc
cure this result; fthirdl. by the fund
ing of short term obligations by means
OF loans subscribed out of the peoples
savings; fourth. by immediate limita-
tlon and gradual curtailment of note
circulation.
Must Provide Raw Material.
Flftn-Proyisions for raw materials |
being essential to expedition Of industry. /
means should be found whereby the !
which are in the present con-
ditIons of international exchange. un
able TO purchase in the world markets. /
and SO are unable to re-start their eco
nomic life. can obtain commercial cred !
its. 1t will be possible to achieve this
when the countries have made the re
forms indicated n the foregoing para
graph.
Allies Must Cooperate on Supplies.
Ssxth-The powers represented at the
conference recognize the necessity for
continued cooperation between the allies
md for removing obstacles to the easy
of essential commodities.
they will continue TO consult together
'egarding the provision and distribution
# necessary raw materials and food
stuffs with view to the early res.
oratIon of normal conditions.
Must Wipe Out Devastation.
Seventh-The powers represented at I
he conference have given careful at
ention to the special case of the de
astated regions, particularly of northern
rance. The restoration Of these areas |
) of primary Importance for establish
tent of the economic equilibrium of {
Europe and resumption of normal trade
onditions. 1t is evident that the large :
inns required for this purpose cannot :
e provided out of the current revenue. :
or can restoration be postponed until !,
he reparation due from Germany under :
1e treaty of peace has been received,
he council recognized that the capital
inns required for this restoration may
roperly be raised by4 market loans in |
nticipation of the reparation payments Il
rosided for by the treaty and that the q
'strietions which they desire to see v
aced on new borrowing do not apply e
loans and credits raised for the pur \
ose of meeting this abnormal capital s
inenditura. |,
Reparation Must be Definite.
Eighth-The powers represented at d
e conference have taken under con- v
deration Article 30 and cognate Z
tieles of the treaty of Versailles and 8
.ssages in the letter addressed June r
), 1919. by the supreme council to d
e peace delegates which contemplate G.
at eGrmany shall make proposals for Il
Sing total payments to be made by way Y
reparation and that facilities may be
ven her to obtain necessary foodstuffs
d raw materials in advance of the
sments being made by way of re-
rations.
The powers are agreed that it is de-
able in the interest alike of Germany
d her creditors that the total to be
id by her for reparation should be
ed ut an early date.
Loan for Germany Advisable, II
Concerning Germany, the memorandum II
VS.: II
ut is most desirable in the interests n
the allied countries, no less than of Il
rmany. that at the earliest possible /
ment the total of repayments to be
de by Germany under the treaty of |
rsailles should be fixed and that in
'ordance with the terms of the treaty | |
/ the reply of the powers to the
rman delegates dated June Is, 1919,