Evening star., 1922-04-22
Clouds Swept Away, Experts
Tackle Plan to Recon-
struct Country.
FRENCH AGAIN PROTEST
OVER ,GERMANY'S REPLY
Concessions to Factories by Soviet
One of Issues-Consider Aus
trian Moratorium.
By the Associated Press,

By the Associated Press.
GENOA, April 22.-Actual work on
a plan for the reconstruction Of Rus
sia was started today by experts
representing the soviet government,
Great Britain. France. Italy, Japan.
Belgium, Czechoslovakia and Holland
The heated politics surrounding the
Russian problems has been cooled by
NJ. Chicherin's note accepting in the
main the allied formula stating the
terms on which the great powers are
willing to resume business relations
with Russia.
No Loan Proposed.
Sir Edward Grigg, private secretary
to the British prime minister. and
others prominent in the conference
have made 1t clear that no proposition
has been put forward for government
loans to Russia. nor government guar
antees of loans. The idea of the
financial and economic experts is that.
when Russia reaches a position where
sne can give investors assurance that
there will be legal basis for under
takings In Russia and that foreigners
Will have protection under proper
courts. abundant credits will be forth
coming for the development of Rus
sian resources.
The single important point of diff
ference between the Russians and tn e
allied representatives Is the unwfll-
ingness of the former to restore the
freehold title of foreigners properly
which has been nationalized or requi-
sitioned by Russia. although they are
wiling to restore 1T to the former
owners for their use.
Concessions on Factories.
In the case OF factories, this would
doubtless be on a concession basis.
Factories which have hitherto stood
idle because the former owners re-
fused to operate them unless assured
that their title would be restored NAV
be reopened IL the soviet concessions
are given real basis by the Genoa
negotiations.
The International Harvester Com
pany and many other large CORPORA
tons having factories or mines In
Russia have declined to consider TAX
ing concessions to run the properties
they vigorously contend are theirs
and not owned by the soviet govern
ment.
Offers Too NebuIous,
The concessions hitherto offered 10
American and British promoters by
Leonid Krassin, soviet commissar of
trade. have been too nebulous to at
tract capital in the opinion of the
prospect developers Frequently this
hesitation has been based on the fear
that the former owners of the prop
critics may some day claim them. This
fear, the Bolshevists believe, would he
largely dispelled by international rec
ognition OF their rights to nationalize
property.
An English spokesman said a meet
ing of the entire British delegation
this morning decided to consider the
incident that had arisen out of the
Russo-German treaty as definitely
closed. Since Germany had accented
the humiliation inflicted upon her by
sions concerning Russia. the British
spokesman said it would be unsports-
manlike to insist on further conces.
sions. He was not sure. however. how
far the French really intended to 90
with their protests against the Ger
man reply.
Hopes U. $. VIII Take Part.
Hope that a world conference. with
the United States participating. will
be held after the Genoa meeting was
expressed by the German chancellor.
DR.. Wirth, at meeting of Germans
last night.
The Genoa conference itself ia a
step forward in the reconstitution Of
the world. he said. but this could not
be completed without the IIn;teJ
States.
Henry Wickham Steed, correspond.
ent of the London Times, wired the
Times today that an important Amer.
ican financial authority had confided
to him Thursday that he had heen
trying to discover the economic hasis
Of the Genoa conference. but had
failed.
He had begun to suspect" Mr..
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