Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1921-05-05

LONDON, May 4.-(By the Assoc
ciated Press. )-After approving the
measures for the occupation of the
Ruhr valley should Germany fail to
comply with the terms of the allied
ultimatum, and also discussing the
the allied supreme council today
completed it's examination of the
financial clauses of the reparations
demands which were virtually agreed
upon by the drafting committee.
1t was agreed that the bonds
which Germany is to issue as a guar
antee for her reparatioRs payments
should run for 81 years, with in
terest at 5 per cent, plus 1 per
cent for sinking fund, and in adj
dition by way of the sinking fund,
the interest on the amortized bonds
In other words, the interest on the
bonds not issued will be payable intO
the sinking fund.
In the view of the council these
proposals have the advantage of not
imposing upon Germany fixed annui-
LlNS 81 IdISS dS lllOSG Idlu uOWn La
the Paris terms, and also of provid-
ing a practical scheme by which
the allies will receive the utmost
farthing Germany is able to pays
with due regard to the preservation
of the German industries, upon
which the German payments depend.
Opinion in the conference was that
fhn to1 hxN
the economic penalties authorized
by the recent London conference Of
the allies had been satisfactory, the
receipts from the allied customs bar
rier on the Rhine having amounted
to 10000 paper marks in one month.
The allied supreme council today
decided to take no naval action
against Germany without consulting
the United States
This was agreed to after a rather
full discussion of the council mem.
bers with Admiral Beatty, of Eng4
land, and Admiral Grasset, OF
France, regarding plans for naval
pressure upon Germany.
Nine days remain for Germany to
inform the entente of her intentions
relative to the payment of repara-
lions and give guarantees for execu-
ton of her promises. She must deal
directly with the allies, it was said
here today, as Charles E. Hughes,
American secretary of state, is
deemed to have "closed the door to
Washington" in the note he sent to
the German capital late last night,
Mr.. Hughes suggested that the
German government Immediately
make to the allies clear, definite and
adequate proposals which would in
all respects meet its just obligations"
The sum of 6,600,00O,O00 pounds,
normally about $32,342,OOO,O0O, was
fixed yesterday as the principal Of
the German reparations debt. Ger
many, will be asked to either ac-
ton by May ~. The supreme coun-
Gil will send it's demand to Berlin
through the allied separations COM
mission.
The committee of experts at this
mornings sessions, reported on the
antees to be demanded of Germany
for the payment of reparations and
the council will consider it this aft
ernoon.
Occupation of the Ruhr coal basins
in the event such action should be
council with the military representa-
tives Of the allies.
The council then adjourned until
o'clock this afternoon. 1t is ex-
pected the council will finish it's
labors today.
by the council this morning, name
ly. blockade of the German ports. q
partial blockade, a demonstration
without a blockade, and seizure of
the customs receipts in German
ports.
Sir Gordon Howard, for Great Brit
tain, and M. Fromageot, famous in
ternational legal member of the
French foreign office. gave their
judgment as to the rights of the
allies in relation to neutral coun-
.rieS.
The unanimous opinion was that
nothing further should be done at
present concerning naval action I'M
Ill the views of the Washington gov
were learned, and only as an
additional means Of compulsion in
the event dar that 0cc9pat9n NOT Of the
sufficient to cause a surrender by
Germany.
Mr.. Lloyd George, the British prime
NJ. BRAND, the French pre-
mier; Count Sforza, the Italian for
eign minister, and M. Jaspar, the Bel
gian foreign minister, were agreed
that American susceptibilities must
be carefully considered The Brit
ish and French governments will
continue to examine means for a
naval action after final adjourn
ment of the council for the purpose
Of eventual action if occupation
Of the Ruhr should be insufficient.
U. s. Note Approved
Unofficial copies Of the American
note of Monday to Germany were
circulated informally among the
ministers and it was wholly approved.
The United States relations to the
question of reparations have been
the subject of a great deal of talk
in the meetings of the council since
it first assembled on Saturday last.
The representatives of the four
governments are agreed that the
United States must be invited to
send a representative to the supreme
the council of ambassadors
meeting regularly in Paris and the
separations commission. 1t has been
thought wise not to urge the Wash
ngton government to enter these
bodies until after May II, when the
results of the present decision of
the supreme council have been seen.
No formal action in this regard has
been taken by the council, but in
the representatives Of the
various governments have inter-
changed this view
Marshal Foch, who participated in
-oday's meetings, sad he could en-
circle the Ruhr region with troops
N one day. and that only six or
seven divisions would be necessary.
Tha ocouDatio0 cOu1d he Ponnleted