The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1921-02-04
COUNCIL AGREES ON
TEUT PREPARATIONS
ecHEME CALLS FOR ANNUiTIEs
PAYABLE OVER PERIOD
OF ~ YEARS
WILL FIX INDEMNITY LATER
Creditors viii Be Paid According 10
the Prosperity Of Germany.---Penai-
ties for Defaults Are to Be
Stipulated In Agreement

Paris, Jan. 29.--The session OF the
committee Of experts of the allied gu.
preme council ended af II 80 o'clock
this morning after having rcnrhed a
complete agreement on the system Of
annual payments OF Preparations by
Germany and annuitiee on Germany's
foreign trade.
The proposed scheme provides for
the payment of annuities on slid
Ing scale of from 2.0O0,00OWO to
5000, 600 900 gold marks over a period
of probably ~ years, and also a I2h
per cent nd vaiorem tax on German
exports. 50 that her creditors will be
paid according to Germnny's increas-
Ing prosperity.
II now remains only for the plenary
sitting OF the supreme council today
10 endorse the agreement. draw up In
structions for the BRUSSELS experts and
Fix penalties for defaults by Germany.
Premier BRAND declared as he came
from the meeting early this morning
that the conference of the supreme
council would not break up without
having reached definite decision.
The sudden ironing out OF differ
ences came after two days Of con.
tinually widening breach that threatens
To break up the conference, IL being
virtually suspended except for private
conferences. Official French circles
give the Belgian delegation credit for
sha s.sar.au n, r..cnu.lfir. th.. n.i.l.l
and French viewpoints.
The project In Its final form. when
approved by the council. will be sub
mifted TO Germany for acceptance ms
as an agreement outside Of Article o33
Of the peace treaty. which entrusts the
separations commission with the task
Of fixing the amount OF the indemnity,
Then another conference will be call
ed TO which the Germans wfll be In
vited.
The committee OF experts was In ses.
sion at midnight considering the ques-
ton Of shortening the period OF pay.
ments 10 no years. for which the treaty
Of Versailles specifically provided.
But Il is expected that the period Of
~ years finally will be adopted.
Conferences between small groups Of
the delegates continued In an effort
90 clear up the tangie. NJ. BRAND. the
French premier. after leaving the Brit.
ish premier. Mr.. Lloyd George. con.
suited with bis colleagues Of the cab
met and later returned for another
talk with Mr.. Lloyd George.
Meantime Mr.. Lloyd George hud re-
ceived the British and Belgian repre-
sentatiyes on the special PREPARATIONS
committee hnd after some discussion
with MIR. Lloyd George. the members of
the committee seemed more hopeful.
Much OF the discussion bore upon IN
nd yalorcm tax OF from III 10 rs per
cent that II had been proposed Ger
many should niace on exports
Speculation was extant throughout
the day ms 20 what ultimately would
he the result II an agreement were not
reached. The general opinion seemed
TO be- that, should failure result. Nj.
Donmer, French minister OF finance.
would be held responsible for raising
distractions 10 settlement of the rep.
arations question aud find II necessary
20 resign.
Late in the afternoon the alternative
proposition was submitted 10 the
French delegates. providing for fixed
annuliies for "a years plus varying an.
nuities figured on .iermany's foreign
trade. This plan was suggested 10
give satisfaction Ia the French view
point that OWN. To the itnpossihIiity
Of determining now what Ccrmnny's
situation viii he ia the future. no part
OF Frances cialm should be abandon.
ed. Under this plan the French aud
ether creditors Of Germany would he
paid minimum consisting of fixed an
nnities and AN additional sum proper,
iiona,e 20 the economic prosperity ot
Germany.