New-York tribune., 1921-12-31
Allied Finance Experts in
Paris Seek Guarantees
So Russia and Central
Europe Maybe Restored
Plan Association.
OF Private Capital
10 Raise 100000, 900
Among Seven Powers,
Including United States

PARIS, Dec. 30 (By The Associated
Press) The economic conference held
here to-day, which was attended by
representatives from various European
countries, decided in principle to form
an international association with
view to establishing the interna-
tlonal credit of Europe, says the
tavas Agency.
The plan is that the association will
be formed by private enterprise with
a capital Of s2o,Ooo,O0o, distributed
among France, Great Britain. Italy,
the United States and Germany. Bel
GUM and Holland Will be admitted on
smaller basis than the other coun-
tries, while Germany will be permitted
to take part on condition that she re-
mits to the Reparations Commission
half of her eventual profits.
Louis Loucheur, the French Minister
Of Liberated Regions, presided over the
meeting, which was held at the Foreign
Office this afternoon. 1t was attended
by British, Italian, Belgian and French
tinanciers and business men to dis
cuss the European economic situation
as an outgrowth of the recent discus
sion Of the situation in LONDON by
Premier Lloyd George, Premier BRAND
and others.
In the morning the French deIega-
ton had preliminary exchange Of
views with Sir Laming Worthington-
Evans and the other members of the
British delegation over the British
memorandum on the economic situa-
ton.
The afternoon conference adjourned
at 8 o'clock this evening No COM
munication was issued, but it is UNDER
stood that Russia was the main sub
ject of discussion. 1t is declared that
it was conceded that stable financial
situation must be guaranteed in that
country in order to assure fitting re-
turn for capital invested, and that
private property and private enter
prise must be recognized by law.
The restoration of Austria is one Of
the objects in view. This is considered
necessary for the proper working of
the newly formed states Of central
Europe.
The participation Of Germany is re-
garded by the delegates to the con-
ference as essential to the restoration
of the economic equilibrium Of Europe.
DR.. Walther Rathenau, the German
financial expert, though not present at
the meeting to-day, has met and talked
with some Of the members of the dele
cations.
The French delegation consists, be-
LN1 xOl,N
most important bankers, the president
Of the Credit Lyonnais, the president
and general director of the Banaue de
Paris ct Pays Bas, and the president Of
the Banque de PUnion Parisienne;
three manufacturers of the Creusot
and other steel works, and two repre-
sentatives each of the ministries of
Foreign Affairs and Finance.
Big Belgian Financiers
The Belgian delegation consists of
the vice governor of the Bank of Bel
gium, two large manufacturers and two
representatives of Premier Theunys.
The meeting of the financiers and
business men is regarded in French
circles as one of the most important
experiments tried since the first eff
forts to bring Europe back to a peace
basis.
Even in French political circles,
where all efforts Of British business
men to intervene in European problems
have been regarded with the greatest
suspicion, the impression is gaining
that after all business heads may be
able to get ahead faster than diplomats.
The French maintain their attitude
of refusing to meet the Bolsheviki of
ficially, although there are indications
that official circles are coming to the
conclusion that the European problem
can be solved only when all the great
producing nations get together.