The New York herald., 1922-07-24
PREhnERS TO ACT ON
MORATORIUM aug. 1.
POincare Notifies Lloyd
George He Will Confer
With Him in London.
FINAL DECISION LIKELY
Belgian and Italian ENJOYS
May Make 1t Supreme
Council Gathering.
ASK MORE GUARANTEES
France Expects Cancellation
of Debt to England at
Meeting.
ASK MORE GUARANTEES

PARIS. July % ASSOCIATED Press).-
Premier Poincare notified Premier
Lloyd George to-day, that he would
meet him in London on August 1 to
discuss the question Of a moratorium
to Germany, and indications are that
the problem will be settled there in
stead of il. Paris.
The report of the Guarantees Com
mittee is not yet ready and will not
be presented to the Preparations Com
missions for several days, but M.
Mauclere, of the committee, showed
a draft of the report to Premier Poin-
care last highland it was after read
ing 1t that the Premier wired to Mr..
Lloyd George, setting the date for
their meeting. which has been in
prospect for several weeks.
May Mean Council Meeting.
1t is expected that the London con-
ference will assume the propositions OF
a meeting cf the Supreme Council, as
Belgium is sure to be represented, and
time, that Italy also will have delegates
present.
Realization that the reparatlons ques-
tion has reached a decisive crisis is held
responsible in French circles for Pre-
mier Poincare overcoming his oft-ex-
pressed aversion for supreme councils
and his decision to have the matter of
a German moratorium discussed before
the first Supreme Council he has agreed
to attend since he was called to the
Premiership.
The fact that M. Poincare will be
accompanied to London by Minister OF
Finance de Lasteyrie and Count Peretti
de la Rocca, Director Of Political Affairs
at the Foreign ONCE. as well as several
technical experts from the Foreign Az
fairs and Finance Ministries, and the
Premier's acceptance Of the invitation
to meet Mr.. Lloyd George without await
ing the decision of the Reparations
Commission on the moratorium question
are regarded here as significant that the
fate of the German moratorium Is likely
to be decided at London.
Inat M Polncare reserves full free
dom of action for himself at London
is explained in a semi-official note is
sued at the Foreign Office to-day, say
ing that the Premiers letter of July
10 to M. Dubois, head of the Repara-
tions Commission, has been interpreted
enormously In some quarters as con-
tanning the instructions of the French
Premier on the moratorium question
to the French representative on the
Reparations Commission" The note
says in part:
"It is true that M. Poincare ad-
dressed letter to NJ. Dubois on that
date, but the document only expressed
partially the ideas of the President of
the Cabinet, who at the time he wrote
1t was not even in possession of the
report of the Committee on Guarantees.
Under those conditions the note could
not represent the final opinion of the
Chief of the French Government, which
will only be made up after the Govern
ment has taken cognizance OF all writ
ten and verbal reports submitted by
the committee"
Guarantees Report This Week.
The report of the guarantees commit
tee will be handed to the Preparations
Commission the middle or end of this
week, and the decision of the commits
sion is not expected before the Sd or
4th of August, when, according to the
present plan, NJ. Poincare will be in
London.
To-day's semi-official note does not
mention what further suggestion the
French intend making at London, but II
is learned that the French viewpoint
now is that before a long term mora
torium is granted to Germany supple
mentary reforms and additional guaran-
ties should be demanded. Such reforms
might be adopted and guarantees given
with but a very short delay, necessitat-
ing the suspension of one or two
monthly cash payments only
The effect of reforms and guarantees.
added to the results expected from new
financial control to be Installed In Ger
many by the GUARANTEES Commission.
the French hold, would insure the float
ing and placing OF a German foreign
loan. Such loan, providing important
resources for the restoration OF the dew
astated regions, would then permit OF
the granting to Germany OF prolonged
cash moratorium.
other angles Of the reparations ques-
tion are to be discussed In London. The
French are reported to favor, first, cam
collation. of interallled war debts with
out subordinating cancellation to a SINH
lar decision by the United States sec
ond, an agreement by which reparations
payments should be assigned especially
10 restoring the devastated regions. and.
third. assurance that German foreign
loans. the proceeds of which are destined
for reparations. shall be issued with the
briefest possible delay.
LONDON. July 23.--A dispatch TO the
Times from Paris says that Premier
T'oincare will go 10 London TO meet
David Lloyd George. assuming that the
British offer to cancel the French debt
will be forthcoming, whatever may be
the attitude OF the United States now or
hereafter. and that NJ. Poincare there
upon will facilitate the reconvening OF
the bankers committee or machinery
which will secure quickly a large loan
consecrated 10 the reparatlons and res
toration of France.
MEN ENV0Kg LEAVE HAGUfE.