New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-08-06
Nations Financial
Conference Called
For September "a
Advisory Committee Named
by League Council to
Deal With Army, Air and
Naval Affairs of World


SAN SEBASTIAN, Spain, Aug. (By
The Associated Press THE Interna-
tional Financial Conference will be
held at Brussels September "a, the
Council of the League of Nations de-
cided at its last session here to-day.
Gustav Ador, former President of
Switzerland, will preside The repara-
tions question at issue between the Al
lies and Germany will not be put on
the order Of business unless notihca-
ton is received meantime that deci-
sion has been reached.
permanent advisory committee on
military, naval and air affairs came
into being at the last minute to-day
with a mission to study and report
upon questions of a military character
upon which the council may be called
to act The province of this com
mittee is described by members of the
council as only that provided for in the
League of Nations Covenant.
It's prospective task is described
by Leon Bourgeois, French mem
Der of the Council, as sin accord
ance with the provisions of the cove
nant" to "rcgulate the armament Of
The forces of new states admitted to
the league, and the reduction of arma-
ments."
Final decision on the international
Court of Justice was not reached.
The project for the court pre-
pared recently by the Jurists' Con
ference at the Hague, and attributed
largely to Elihu Root, is generally
favored by the councillors, but it was
decided to ask the opinion Of all the
mHmbers of the league before it's
adoption.
Ask National Balance Sheets
Representatives Of each government
participating in the international
financial conference to be held in
Brussels on September "a will be
asked to present balance sheet show
ing the actual financial situation of his
nation. All countries viii be asked not
to issue any more paper money. so as
to avoid further weakening of foreign
credit.
Efforts will be made, through COM
mission of experts, to arrive at an
equitable arrangement for exchange
between Germany and Austria and
other nations, the money of the former
Central empires being regarded as be-
yond restoration to its pre-war ex-
change value. The invitation to Ger
many to participate in this conference
is conceded to be tantamount to notice
that she will be accepted as member
OF the League of Nations if she makes
application.
Thirty. Allied, neutral and enemy
states will be asked to join in the con
ference, the program of which will
comprise four principal subjects-the
financial policies of the different
states, exchange and paper circulation,
commercial relations and the reestab-
llshment of international credit
Council Expenses Growing
The league budget submitted at yes
terday's meeting showed the expenses
of the Council are growing as the num-
Der OF comm ssions at work is multi
piled. 1t asked for 5000 for the
ensuing six months.
Members of the league have been
divided into seven categories, and will
contribute to its support on the basis
of the proportional payments fixed for
its members by the Universal Postal
Union. One exception is Poland,
which will pay as a first class power
along with Great Britain and France,
which have been placed on a basis of
twenty-five units. The Kingdom of
Hedjaz has been placed in the seventh
category and will contribute one unit.