The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1921-02-02
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COUNCIL ON PREPARATIONS
All Cher Important Questions Settled
by Supreme Council Before Adjourn
ment,

by Supreme Council Before Adjourn
ment.
Paris, Jan. 29.-Full agreement on
reparations, German disarmament and
all other important questions before
1t, was reached by the supreme coun-
Gil of the allies when it adjourned at
$40 o'clock this evening to meet again
in London February 81.
The greatest result obtained was as
M. BRAND, the French premier, ex-
pressed after the closing session,
maintenance by the Allies Of q front
as united In making peace as it was
in making war. Count. Sforza, the
Italian foreign minister and NJ. BRAND
said tho conference had resulted to
the satisfaction OF everybody con-
Icerned. n ai'issSat3
~ protocol was signed approving
the reparations scheme as agreed by
the special committee appointed by
the council to consider the subject
and also the report on the disarma-
ment Of Germany as presented by the
military committee. Under these ar
rangcments Germany must disarn by
July |, disbanding all her civic guards
not provided for in the Versailles
treaty. Germany will be called upon
to pay In forty-two annuitics on a slid
ing scale 26,000,000,0O0 gold marks
lJcr pNnnrtc will in
export duty of twelve per cent and
that will go to the allies. On the
basis OF last years exports, this would
give the allies 1,250,00O 900 gold marks
or twelve percent Of whatever money
In which the exports are paid for.
Thus, ii Is estimated, the first payment
made by Germany will be $3.50 600, 600
gold marks. The export tax being PAID
entirely in cash.
1t is pointed out that, besides being
a sure method of collection Of the re-
parations, It will act as a protective
tariff in countries that are neighbors
OF Germany, which are likely to be
flooded with goods made in Germany
at very low cost Of production be-
cause If the relatively low value of the
mark and which consequently can be
ohered In foreign markets at very low
prices In foreign money.
The penalties agreed upon by the
council for violations by Germany
Will apply to all tho agreements alike
-reparationg. disarmament end coal
deliveries. strong feature Of the
rsparetions plan, from tho Brench
point OF view Is that It associates tho
allies in the benefits OF Germsny's
prosperity.
According to the terms Of the ar
ransenent, the annuity and export
taxes are payable semi-annuany. Dis
count for advanced payment will be
eight percent for the first two years
six per cent the third and fourth
years. and five percent thereafter.
Germany Is forbidden to establish
foreign credits without the approval
OF the repalations commission.
The supreme councils decisions
were communicated to Germany.
In the attempt to aid Austria, II
was agreed that the allies should
forego repamtions, the cost OF the
army OF occupation and certain other
Austrian debts to the allies in order
TO enable Austria to more easily OH
tain outside aid. 1t was also decided
to convene in tho neiphhnrhood -,
'Triest a conference OF Austria and ad-
Joining countries for the purpose OF
endeaVoring to improve economic
commercial, financial and political re-
&tlons between the central European
states.
Approval was given to N. Lou
cheur's proposal for 200 900 900
franc corporation to assist Austrian
industries, In which the different gov
ernmcnts may participate. A com
mission will be appointed to inquire
into the conduct Of the Austrian ad-
ministration with view to suggest
Ing economies and improving the
various service.
The British prime minister express
ed lively satisfaction over the fact
that the allies had maintained their
solid front.
In taking leave OF his colleagues
ho said
I'VE shall be glad to try to give You
IN London as cordial reception as