The New York herald., 1921-02-19
coa,,aued Jrom FIRST Page.

ufteIlg impracticable and would only
fal-r false hopes In this country.
'ssermany must do her best to ap-
1rF late the marx by balancing her
budgct. which now II ridiculous. namely.
abcuf one-rifih her expenditures This
- intoirrabie. II A. not that Germany
d COO poor 10 mee, tho allied demands.
and we shall not BE- convinced she is
until she has imposed upon her people
10 charges which w- are entitled 20
sspeet she shall impose. have a sus-
u'cien she o. coming Into court with
rather rsswed clothes In order 10 make
Hofd case aud reduce her monthly
aa nHnfs
"'rlse mars H. not ss ragged a. II ap-
pears "a ls not a shadow as u looks.
o. s ius. Fuf on This ~ my conviction
and u b ono ~ the things which cer-
faiu'F wil he pressed on the German
delegation. namciy. tina; they must make
au tnoFt l6e any other country 20 bal
slrf tnfr accounts improve their cur
rrrrt and mtEe n more possible 90 meet
DnilEafions AZ the same tine. let VA
nof isrore how much has been sc-
con s.iahs-f The German feet has disap-
peared. uns German army has dis
nrgearsd. the gigantic war material Of
Germany has becn surrendered. the
German colonies have been given up
ana Nery considerable quantities. OF
material have bcen surrendered.
- Tar ths treaty has been enforced.
ara h wul b. oar duty 70 see that the
resf y imposed q the utmost limits OF
ihe capacity % Germany 20 discharge
Afr Lloyd George inaplored tho mem
hfrs ~ the House Nho thought greater
thiuEs could have been Accomplished 20
rafrclse = deep sense Of responsibility
and not rive inlpracticahle advice
"a must not be- forgotten" be de-
rlared. that deliberate failure by Ger
many o. carry out her obligations means
aef ION by the Allies 10 enforce the
treaty"
The Prime Mnlster declared that be-
fore any governments could take the
responsibility q calling on their respec-
tive countries % take stern steps. those
governments must b. satisfied that the
failure % Uennany Was due 10 a dellb-
crate attempt 20 defy the treaty.
TIE Auies. continued the Premier. had
taken the best advice available and had
summoned the ablc-t men 20 be- found.
upon whose advice tho present demands
had bseu made. and The Allies were
carrying out the peace terms 70 the
MANNIrA % AAtM lfHNNNs wv many AN
pointed out. had delivered bonds 10 the
Allies. bat the value OF these bonds de-
pended upon the value Of the German
security az the present moment
The Germans argued. continued LLOYD
George. that R the Allies took the
value Of the raw material already
turned over by Germany AZ the timo u
was delivered the sum amounted 20
more than the 2O.0o0.Oo0. eco marks
named m the peace treaty. The ALLIES
coutendsd that the sum was less than
this. and the matter was one that tho
reparati0ns commission was examining.
Lloyd George laid stress upon tho
difficulty Of exacting an Indemnity
IN another country and securing a..
payment here You can easily collect
la Germany any indemnity sou impose
within reasonable limits added the
Premier. but how are you going 10
transfer Il here There Is much loose
thinking on this subject
~ take the view that We eive got
20 do tho best for the country out of
what L. essentially a bad tOn. az every
war is The war cost something be-
yond what any country can pay and
does any one Imagine that any country
in the world can pay the whole cost :
Indennitiss can be paid in goods on
service. and that is Why We introduced
an export tax on Germany outgoing