Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-04-12
Restoration Plan
of Europe. Genoa
Meet to Consider

! which The Associated Press has OBJ
| tanned, ombodies comprehensive
| scheme whereby it is hoped to bring
back Europe, including Russia TO
| healthful prosperity.
This report, marked confidential"
vas handed today to NJ. Chitcherin,
, hea dof the Russian delegation. who
asked until Thursday to study the
preamble. 1t declares that the re-
| storation OF Russia depends in great
part upon assistance which Russia
| will be able to obtain from foreign
enterprise and capital, but insists
| that, without profound transforrna-
| ton of the actual conditions in Rus
: STA, which affect commissioners and
! industry, foreigners will refuse either
! TO resume old enterprises or begin
new ones.
Under chapter one, headed "Liqui-
! tiation of the Past" article one de-
! clares that the Soviet government
| should accept the financial obliga-
| tions of it's predecessors namely. the
| Imperial Russian government and the
! provisional government. This in.
cludes obligations to foreign powers
| and their nationals.
Article two provides for recogni-
| ton by the soviet of the financial
| engagements of all Russian author
| tiles, provincial or local. and also
all public utility enterprises contract
| ed with other powers or their peo-
! pies.
| Article three declares that the
| soviet should assume responsibility
| for all material damage suffered by
| foreigners in consequence of the acts
or negligence of thes ovict or it's pre-
| Geccssors.
! Article four says that the respon-
! sibilties mentioned in the preced-
| ing articles will he fixed by the COM
| mission on the Russian debt and by
| mixed arbitration tribunals to be Gre
| ated
| Article five declares that all debts
responsibilities and obligations be-
! tween foreign governments and the
! Russian government since August l,
| 1914, shall be considered as entirely
! effaced by the payment of sums to
| be fixed i'll q future accord.
! The report presents three anne xes
and explains that concerning guar
antees on which Russia S debt will be
! treated two different solutions were
/ brought forward by the powers rep
resented at the London conference
and that no agreement was reached
| These solutions are printed in para
| lei columns when differences occur.
! Annex one explains the duties OF
| the commission on the Russia debt
| tuition and the procedure of the
I mixed tribunals. also the delivery OF
! new Russian obligations or bonds by
! virtue Of the decisions of the mixed
| tribunals.
| The succeeding anncNcs establish
a system for determining Russia s
| debt and the proper steps for pre-
| Russian Bonds or other obligations
| legally entered into by Russia.
| Very large powers are accorded tC
| the debt commission, which will be
! composed Of members to be nance
! by the Russian government and
| others appointed by the other pow
| crs. with an independent president
or designated by the league Of ma
! tons.
After celebrating the technical de
! tails relative to the future handling
| Of the Russian debt. the report de-
| clarcs that the Soviet government
| should promise various reforms in
| the administration Of pustice. includ-
| ing independence of the judiciares
! and free access to the courts by for
| eigners who should be treated on q
| basis Of equality.
| Further recommendations stipli-
| lated that the Soviet permit foreign
| ers to enter and leave Russia in con
| fOrmity with international practice
! Foreigners resiGen in Russia should
! be exempt from all obligatory mill
! tary service. have liberty to COM
municate through the post. telegraph
| and wireless systems and use teIe-
| graphic codes and have every protec-
| ton and the right to conduct com
merce or professions without dis
elimination or restriction on account
of their nationality. No discrimina-
| ton should be shown in the case OF
workmen employed by foreigners re
! garding military service or enforced
| labor.
/ Additional rights of foreigners in
Russia are suggested on the same
| basis as in other countries.
! The second part of the report is
| devoted to the restoration of Europe
| Resolutions are grouped under the
/ headings of finance. economics and
| transport. The report declares that
an essential condition of economics
! reconstruction is that each country
| declaring:
NO country can be master of its
own money SO long as its budget
| shows an annual deficit which il
| tries to meet by the issue of paper
| currency or by opening bank credits
Each country must try by independ-
| cnt effort to remove the deficit"
The report then proceeds TO dis
! cuss measures for reform on the
subjects of exchange. creditsti tariff
restrictions and prohibitions respect
! ing importations and expectations. A
| special section is devoted to the sub
jcct OF transports; it declares that
| the administration of international
| transports must not be determined
by political considerations. but by
! commercial and technical reasons, as
emphasized by the conventions of