The New York herald., 1921-04-26
Germany AbandOns Claim
of 20 Billion Marks Gold
for Deliveries She
Already Made.
WORLD LOAN WANTED,
FlOtatiOn to Provide Allies
With Large Cash Fund
Flexible Annui-
ties Urged.
EXPORT CREDIT PLEDGED
Assumption Of Allied Debt to
T., S. Not Mentioned in Offer
Willing to Join in
French Restoration.
EXPORT CREDIT PLEDGED


Copyright, 1891, oy THE New YosK HrnALn.
New York Herald Bureau.
Berlin, April 20.
Germany's new reparations pro-
posals, 1t was admitted in high Of
fetal circles here today, are In a
general way an acceptance or the
Paris terms of the Allies. These new
proposals, IL was reported, include an
offer Of 5O,OOO,O00,000 marks gold
principal, which, according to the
rates Of interest the German dele
gates quoted in the London repara-
tions conference. is tantamount 70
200, 900, 100000 marks gold, spread
over the period then fixed. This does
not include the 20.0O0.OO0,O00 marks
gold Germany then claimed TO have
already paid. Therefore II was fig-
ured according to the mathematics
of parliamentarians in the Reichstag
to-day that Germany now offers
maximum of 100000, 100000 marks
gold in reparations.
line allleu AHdIhAtiitJ -
nands made at the Paris Conference
were 226 900. .o0o. 900 marks gold. spread
over forty-two years. This, II dis
counted, represented a principal of
So. 600, 900, 900 marks gold. The 226.00o.-
Ooo. 900 marks gold is equivalent TO S56,-
500, 100000. Germany's latest offer OF
900, 600. 900. 900 marks is equivalent toy
$40, 600, 600, ,00o.l
Germany proposes THAI the amount
Of the annuities be varied according
to index terms which we're advocated
by leading financiers here yesterday
and which are generally regarded as
acceptable.
Policy OF Secrecy Continues.
Further details OF the new pro-
posals were not 10 be had here to-
night. The Government continues its
policy of secrecy, giving ms the rea
son that the answer of the United
States to the German note is expected
and that the German note and the
reply had best be published stimuli
taneously.
The Zeitur0 am Hittdg to-day de-
clares that the delay in the publica-
ton Of the terms Is at the request
Of the United States. but at the head
quarters Of the American mission
here Il was stated that the request
for secrecy came from the German
Foreign Office.
When the note was first delivered
at the American mission, the Foreign
Office said ii could be published i'm
medlately and then, later, ii tele-
phoned and asked for delay in its
publication.
The Cabinet fought over the terms
of the proposals all through yester-
day. and while these terms were
unanimously agreed 10 finally il was
only after the stiffest opposition by
the representatives OF the industrial.
lists.
simcns's Credit Almost Gone.
Ii is hardly probable that Dr.
Walter SImons, Foreign Minister, will
negotiate the details of the settle
ment If the new offer brings the Ger
mans together with the Allies again.
His credit, even more than that OF
Chancellor Fehrenbach and the other
members of the Ministry, Is nearly
exhausted.
10 ttv.dnrafAnI hot
agreed TO retire at the first opportune
moment but this was deemed mad
visable at present by fhe Industrial
party. A very vicious attack was
led against him by Hugo SHINES in
the party caucus last Saturday.
Another report said that Chancellor 4
Fehrenbach also would ~ foroe5
resign becars- he, iet siEne t4e
- te FresIent lnr5irx. gDa @f
he ould be rerlaced M elthsr Aaf
slresemar u Hnrg A1rner s6cfc
uFs oe The Tteasc 1s.n of whom
nrr india r4al leaders. This report
vas promptly denied.
While there Is no actual crisis in
the Government. the only reason the
present Ministry continues In Office
ls because there IL no coalition con
celvable here to-day to replace tbe
one now In power.
~ the Associates Press.
BERLIN, April 25.---The ultimate
total indemnity which Germany
agrees to pay tho Allies Is 2vp.00o