Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1921-05-03
FOUR PROPOSALS
FOR ACTION ARE
BEFORE COUNCIL
United States Will be Con-
suited Before Steps Are
Taken.
RESERVATIONS IN
GERMANY EXPECTED
Hughes Note Meets Ap-
proval Of Both French and
British.

UOSAatSu IfS6S.J SOMDACtC
agreement has been reached
among the allies on the measures
to bc taken in connection with
the German reparations question,
it was announced this evening ut
tho conclusion of the supreme
councils session. The council
has summoned the members of
the reparations commission from
Paris to assist In drawing the
protocol for presentation to the
German government.
Approve Measures.
After approving the measures
for the occupation of the Ruhr
Valley should Germany fail to
comply with the terms of the Al
lied ultimatum, and also discuss
Ing the question Of q naval DEM
onstrsation, the allied supreme
council today completed its ex-
animation OF tho financial clauses
of the reparations demands, which
were virtually agreed upon by
the drafting committee.
1t was agreed the bonds which
Germany is to issue as guaran-
tee for her reparations payments
should run for 81 years, with In
tcrcst at five per cent, plus one
per cent for a sinking fund, and
addition by way of the sinking
fund, the interest on the amor
tized bonds. In other words, the
interest on tho bonds not issued
will be payable into the sinking
fund.
IN tho view OF the council, these
proposals s,rse the al E:sSssrftatsssS OF
not imposing upon Germany Axeds
annMtics so large as those laid.
down in the Paris terms, and al
SO of providing a practical
scheme by which the Allies will
receive the utmost farthing Ger
many is able to pay, with due re-
gard to the preservation of the
German industries, upon which
the German payments depend.
Tho matter of the appointment
Of q rcccivcr-general for the Ger
man customs was not pressed,
and it was decided that the ac-
uon Of tho reparations commits
sion should he confined to the
disposal of the funds provided
from the German customs
Opinion in the conference was
that the commercial result pro-
duccd by the economic penalties
authorized by the recent London
conference of the Allies had been
satisfactory, the receipts from
the allied custom barrier on the
Rhine having amounted to $780,
100000 paper marks in one
month.
London, May 3.-(By the Associa
ed Press)-The allied supreme coul
cil today decided to take no naval a.
lion against Germany without consul
Ing the United States.
This was agreed after a rather fu
discussion pf the council membe,
with Admiral Beatty of England, ar
Admiral Graaset of France, regardir
plans for naval pressure on German
The committee Of experts at tn
session reported on Il
plan worked out concerning the qua
antees to be demanded of German
for the payment Of separations ar
the council will consider it this afte
noon.
Occupation Of the Ruhr coal basi
N LIlc SNcHL suC0A 'dCb1OA olON1u ~
come necessary, was considered I
sentahves of the allies.
The council then adjourned un,
3 O'Clock this afternoon 1t Is e:
pected the council will finish its Il
bors today.
Consider Suggestions.
Four suggestions were examined I
the council this morning, namel
blockade Of the German ports, pa
tial blockade, demonstration witt
out blockade, and seizure of the Gu
toms receipts in German ports.
Sir Gordon Howard for Great Bri
ain. and M. Fromageot, famous inte
national legal members OF the Frens
foreign office, gave their judgment Y
to the rights of the allies In RELATE
to neutral countries.
The unaimoue opinion was tn,
further should be done
present concerning naval action un,
the views of the Washington COVER
ment were learned, and only as Z
means of compulsion
the event that occupation Of the Ruh
If carried out, would not proven lf
Client because a surrender by Ge
many. III
Mr.. Lloyd George. the British, pr
mier, NJ. BRAND, the French ministe
Count Sforza, the Italian foreign mi
lister and NJ. Jaspar, the BelEian 10
eign minister, who agreed that Anne
considered. The British and Frent
governments will continue to osexamil
means for q naval action after Tin
adjournment Of the council. for Il
Continued on Page s,