The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1921-12-10
GERMANY TO
BE GIVEN MORE
TINE TO PAY
Extension Of Thr ee
Years on Indemnity
Payments Will Be
Granted by Powers

paris, Dec. 5 {By the Associated
Press) Germany viii p-eaably be
granted threeNyears' delaysin her
cash indemnity payments, the As
socfated Press is Informed from
the most reliable sources Nego-
tiations are now going ca between
reparations officials Of France and
Great Britain and. the responsible
officials Of both countries virtually
agree that Germany must be CIV
en- q breathing spell. All that re-
mains to be done is to work out a
scheme acceptable to both coun-
tries.
The suggestion OF three year
moratorium has been abandoned at
the earnest solicitation Of France.
The French representative explain
ed that the word moratorium was
especially offensive to the French
people in connection with the in
dennity inasmuch as It was under
stood as meaning complete suspen-
sion Of payments Of all kinds.
The greatest progress has been
made in the last few days In
! bringing the French and British
viewpoints together: the result of
this progress has been the decis-
ion to give Germany a chance to
regain q normal status.
The reparations holiday can not
be used by Germany as a means
of: evading all future payments of
indemnify, French officials ex-
plain, but it is being considered 80
that Germany will better be able
at the end OF lwo or three years to
fulal1 her reparation obligations,
and She then must be prepared to
pay in full reasonable indem-
nifty. :.
The whole problem viii be for
naily placed before the repara-
tions commission when the German
reply to the last reparation note is
received probably at the end Of this
week. In the meantime the ofti-
Gals are working hard to reach a
common plan Of action. Numerous
suggestions are under consideration.
One; which is receiving consider
able French support, involves o
written guaranty by Germany that:
sk13 The budget will be balanS-
ed: {2) no capital shall be exported
to foreign countries:(3 there shall
: be no policy Of retaining capital in
foreign countries; "a the raising
OF loan, portion OF which is
to go to the reparations commits
sion f53 continuation and prob
able Increase during the period OF
delay of payments in kind.
Such a plan would set up an al
lied control commission in Berlin
to supervise budgetary reforms and
have broau powers to effect other
financial changes.
IT fs declared that there are no
longer any insurmountabie Difficult
ties between the two countries on
the reparations policy. Officials
representing France and Germany,
who are in position to know the
real facts, understand that Ger
many can not meet the payments
beyond those scheduled for Janu-
ary and February next. As to these.
France is not greatly concerned, for
it is asserted. under the allied
agreement, France Is not to receive
one cent OF cash involved in these
installments.
The Associated Press is informed
that the supreme council probably
S viii consider the new situation Gre
ated at a meeting to be held with
in Eve or six weeks, when France
probably will make a formal de-
mand fer a new distribution Of the
first billion Of the indemnity paid
last august