The New York herald., 1921-12-01
Rathenau and Simon in
London to Obtain Ad-
vance for Payments.
NO HOSTILITY is SHOWN
London Newspapers Believe
Frances Interests Would Be
Equally Served.

LONDON, Nov. 80 (Associated Press).
Reports that the British Cabinet
was considering the proposed mora
torium for Germany were confirmed
In official circles to-day. The point
being discussed is under what condi-
tions a moratorium could be declared
1t also was confirmed that the in
terview which DIR. Walter Rathenau,
former German Minister of Recon
struction, had with Sir Robert Horne.
Chancellor of the Exchequer, was for
the discussion among other things of
the moratorium question.
Leonid Krassine, the Russian Boil
shevist Minister OF Trade and Com
merce, is to take up with Premier
Lloyd George the question of Russia's s
debts and commercial revival. IT is
learned in Russian official circles that
there is a probability OF NJ Krassine's
suggesting a moratorium regarding
Russia If such measure of relief is
granted to Germany
NJ. Krassine and NJ. Litvinoff prob
ably will proceed to Washington be-
fore the conference ends in order to
enlist American interest in the debt
questions.
To-day consultations were in progress
at tho Treasury between Or. Rathenau.
DR.. Simon, a German economic expert,
and Sir John Bradbury. the British
delegate on the Preparations Comnis-
sion, and other Britlshers. The Ger
riaas also met certain bankers. with
-hotn they also discussed the obtaining
OF advances 10 cover Germany's January
aud February reparations payments and
the possibility OF n moratorium.
1t Is understood that Dr. Rathenau
also is proposing here a plan, similar to
many and France looking 10 the rehabili-
tation Of devastated France. applicable
70 Great Britain, Belgium and Italy, as
we'll as to France.
The newspapers give great attention 10
DR.. Eathenaus visit. II is noteworthy
that there Is complete absence OF any
declared hostility to the suggestion OF
q. moratorium for Germany or any other
scheme calculated TO render payment of
the reparations easier.
The question of Frances position is
discussed by the financial writer's, who
assume that a moratorium would be dis
tasteful 10 her. but II is argued that
French interests would be served equal
ly with British and that France would
gain more in the long run under such a
plan than by further occupation Of Ger
man territory should Germany default in
her payments.
LONDON. Dec. 1 Thursday While
most of the London newspapers are
looking to q moratorium as the most
likely source for aiding Germany. the
Westminster Gazette says the experts
now think a moratorium Is not the best
way out OF the difficulty and favor a
long term loan fs5us1 from bonds
guaranteed by the League OF Nations.
1T is thought probable that by the
time the project takes snape." says the
newspaper, America either viii be a
member OF the League OF Nations or
will consent, like creditor nations. TO
guarantee the bonds Germany would
offer her first guarantee by pledging
all her assets and giving her solemn
word TO repay the bonds in about forty
years time. II is thought 4 per cent
interest, tax free. would be sufficient
to make the bonds popular. Germany
OF course paving the interest"