Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1921-12-08
Official Is Negotiating with
Bank Of England,
NEGATIVE REPLY FORECAST
Berlin Emissary's Presencs~-in Lon
don Causes Advance in Value of the
Mark.

London. - Former German Min
lister of Reconstruction Rathenau
is negotiating with Sir Robert Horne,
chancellor of the exchequer. and with
officials of the Bank of England for a.
loan of 50,000,000 pounds to Germany,
it was learned on nigh authority here.
1t was understood Herr Rathenau
would be given definite answer,
which high official said probably
would be In the negative.
In well-informed quarters here the
increase in the value of the mark was
regarded as due merely to reports of
Herr Rathenau's visit here, following
closely upon that OF Hugo SHINES.
German Industrial magnate, which
gave ground for the assumption that
Herr SHINES, who was reported to
have come to pillow the ground" had
left with some assurances that Herr
Rathenau's mission would succeed.
The informant pointed out that 1t
was probable the Germans saw in
this move means of disposing OF
large amounts of German marks on
the rising market, thereby acquiring
gold with which to meet the January
and February Preparations INSTALL
ments.
Although 1t had been agreed that
Germany's payment of 1,000,000,000
gold marks last August was to be d.
vided between Belgium and England,
France took advantage, 1t was said
here, of the clause in that agreement,
after payment had been made. to OBJ
ject to the division between Belgium
and England, on the grounds that the
expenses of maintenance Of the armies
Of occupation should first be betrayed
AS unanimous agreement was neces-
sary TO the actual handing over of the
funds to the individual governments,
France, Il was asserted, thus baked
over the actual distribution, and as
result the money now is in escrow.
1t was learned that Lord Curzon,
the foreign secretary, few days ago
made this the basis of note to
France, intimating that the British
government desired to dispose of the
matter
The ALLEGATION OF these funds and
an agreement with regard to the ap-
portionment Of the January and Feb
ruary reparations installments will
be among the topics to be discussed
by Prime Minister Lloyd George and
Premier BRAND at meeting Of allied
premiers, which 1t Is believed will be
arranged within a short time This
subject, 1t is further declared, may
result in the converting of the allied
! upreme council at an early date for
arriving at a settlement Of this point
between the governments concerned,
or for the ratification Of such an agree
ment If one should be reached In the
meantime.
The Times, in commenting on the
reported plans fir a revision of the
war reparations and a possible mota-
forum for Germany, urges that Great
Britain adopt a common policy with
France in this regard. 1t points out
that while friendly relations with the
United States are greatly to be de-
sired, Great Britain Is indispensable
to the life Of the entente, and the lat
ter should maintain its solidarity as a
safeguard against aggression in
Europe.
Friendship and understanding with
America, however, intimate, cannot by
themselves insure US against sudden
danger In the old world" says the
Times. 'NThey (the United States)
would not be in time. Much would be
determined to our prejudice and all
might be compromised, and even lost,
before her armed assistance could be-
come effective, were she ever so eager
to offer it,"