The New York herald., 1921-04-27
FRANCE MAY HEED
HARDING'S ADVICE
Will Not Refuse to Negotiate
on Basis President May
Forward.
PARIS SHOOTING HIGH
But Will Protest Against
Abandoning Guarantee, Lack
ing American Assurance.

Special cable to THE NEW York HERALD.
Copyright, 1891. By THE New YORK HERALD
New York Herald Bureau.
Paris. April 26.
Although the French Foreign Office
late this afternoon professed to have no
detailed information either from Berlin
or from Ambassador Jusserand in Wash
ington regarding the contents or the
new German reparation proposals 10
President Harding, a declaration by Pre-
m,er BRAND In the Chamber OF Depu-
ties here this afternoon, which was foi-
lowed bv a vote of confidence of 424 TO
2s. plainly showed that France will not
refuse to negotiate on any basis that
may be forwarded by President Har-
ding. especially IL It approxfmates the
Paris reparation figures OF 226.00O,o0o,-
900 marks gold.
While the Reparations Commission
has a right TO recommend the imposi-
tion OF further sanctions, Premier
BRAND has promised not TO act unless
in accord with the allies OF France.
It s becoming more doubtful daily
whether Premier Lloyd George would
fiout advice from Washington to go slow
on the matter of enforcing the sane
-.oas while Germanys new offer was
being discussed.
Following Premier Brands declara-
eion In the Chamber. an agency resume
from Berlin gave excerpts from the new
German reparation offer. Stress was
laid on Beriins proposition that In
stead OF the 1000. 100000 MARKS which
the Reparations Commission demanded
should be transferred by Germany TO the
Bank Of France before next Saturday
Germany offers to pay 150.000,000 marks
IN gold and silver currencies, the balance
to be paid In less than three months but
guaranteed by letters OF credit on the
German Treasury, payment then 10 DC
made In foreign securities and foreign
paper money. apparently from credits
the German Government hopes TO get
from the United States and neutral
nations.
Germany emphasizes that acceptance
Of the new proposals involves the wip-
ing out OF all treaty agreements regard
ing reparations, as we'll as the imme-
date cessation OF all sanctions, and 1t
IS certain that France will protest most
vigorously against abandoning what she
considers her only safe guarantee in the
absence OF an outright assurance that
America will take full responsibility for
the German offer.
Premier BRAND expressed confidence
this afternoon that the United States
would not forward anything except
what II believes agreeable to the Allies.
and also on his Government achieving
British support for the occupation of the
Ruhr region IL the German offer Is not
acceptable when the Allies meet In Lon
don next Saturday.
In the press conference at noon to-day
Foreign Office representatives told news
paper correspondents the Paris accord
was considered dead, and even IL other
portions of the German offer seemed
worthy of discussion France will have
the right to take the Ruhr on May II
Germany does not give satisfaction to the
Reparation Commissions demand for the
remaining 10000, 100000 marks out of
the 20.000,000, 900 marks due on that
date under the Treaty OF Versailles.
This was generally taken. however, as
shooting hign in order to make the Ger
mans increase their initial offer. as might
be possible. since Berlin in her note ex-
presses d willingness to change any de-
tail OF her proposals to meet the wishes
of President Harding.
1t is seen here that any unpaid por-
tion of the 10000, 100000 marks, after
deducting 100000, 900 marks char1e-
able to the maintenance of the armies of
occupation, shall be subject to financial
manipulation. as provided by paragraph
12. sub-paragraphs 1 and 2 OF Annex II.
of the reparation chapter OF the peace
treaty. These provide for replacing the
gold bonds now in the PREPARATION Com
missions vaults, and which do not bear
interest. by q supplemental interest bear
ing issue at 2is per cent. leaving the
question of marketing these bonds for
the Allies benefit UP to the commission
itself. This directly refutes certain
French views that Germany's failure to
obey the Reparation Commission consti-
tutes u problem separate from that OF
the total reparations.