New-York tribune., 1921-11-29
By Wilbur Forrest
Special Gable to The Tribune

Copyright, 1921, New York Tribune Inc.
PARIS, Nov. 2S.-Premier Lloyd
George will propose to the Washington
Conference on the Limitation of Arma-
ment that the German reparations pro-
gram be revised, according to report
which stirred Paris to-day. 1t was said
that the British Premier would an
nounce that Britain, as beginning Of
the revision, would cancel all or part
Of the obligations owing her by Ger
many and at the same time would de-
mand that France take more reason
able view of the war debts owed by the
former enemy and accept the payment
of reduced reparations in materials
rather than in gold.
1t was reported that Mr.. Lloyd George
is prepared to demand that the con-
ference accept discussion of European
financial and economic problems as be-
ing closely connected with European
armament problems. He would otter
France the close cooperation Of Brit
ain in reparations collections as we'll
as other measures to stabilize economic
coniticns He would demand in re-
turn that France revise her views not
only on land armament, but on aerial
and naval ornaments as we'll.
AngIo-French Farley Possible
Coming directly after Lord Curzon's s
speech, indicating that Downing Street
was not satisfied with Frances arma
ment stand in Washington, Mr.. Lloyd
Georges reported program is attract
ing considerable attention in those cir
cles said to be cognizant of it. When
Premier BRAND lands at Havre on Fri
day, one of the first to see him will be
Louis Loucheur, Minister of Devastated
Regions, who will make a lengthy re-
port. as we'll as receive the Premier's
Impressions of the situation at Wash
ington. On this conference will depend
the date on which Loucheur will sail
for Washington, which, in any event,
Will be soon. 1T may even be possible,
1T is believed here, that hurried Anglo
French conference on the critical tinan-
cial and economic situation will be held
before either Lloyd George or Loucheur
sails for Washington.
But, as has been previously men
toned in The Tribune, there is little
nope OF much success in any such con-
ference this side of the Potomac. Tho
~ P|AANSHC iCoiHS Iudt IL
the Washington conference admits
financial and economic discussions,
fruitful measures, so far as Europe is
concerned, are probable. 1t is believed
that France not only would be ready to
accept Lloyd Georges reported pro-
gram as the basis for sane argument,
but, under certain reservations, would
consent to sacrifices.
United States Mediation Suggested
Frances general financial and econ
omic program already has been drawn
up in agreement with Belgium, and
there is common ground for action with
the cooperation of the American gov
ernment, through the medium of the
Washington conference. The United
States might be asked to act as a
Judge in the negotiations among the
European allies and to participate in
some form in the suggestion for a.
revision OF the Allied debts.
Both England and France, however,
will be driven to some immediate ac-
tion, because Of the enfeebled German
mark and the threat of German and
Austrian bankruptcy. 1t is plain on
both sides Of the Channel what will
happen IL the mark goes into oblivion,
and it is realized that this is inevitable
if Germany is forced by Allied pressure
sCOntjnusd on next uaqe)