Albuquerque morning journal., 1922-12-08
P POINCARE WILL
INSIST UPON A
ST T.RONG POL ICY
TOWARD GE ERNANY
French Premier Leaves for
Allied Conference at Lon
don With Definite Plan
for Submission
ENGLAND, ITALY AND
BELGIUM ARE OPPOSED
Think Frances Demand Too
Radical, and Propose
That Former Enemies
Make Loan to Germans

Paris, Dec. (by the Associated
Press) Premier Poincare will
leave tomorrow for London to at
tend the conference OF allied pre-
miers, which is regarded by many
Eere as the last great effort of the
entente to reach an agreement on
Germany's reparations bill before
France sets out independently to
collect in her own way.
The meeting is looked upon as
III many respects the most impor-
tant since the armistice, involving,
as it does, the continuance Of
friendly cooperation between
France and Great Britain. a less
or, but none the less important fac
tor, is the prevailing impression
that NJ Poincare's political existence
is at stake In the poiicy for which
the proposed Brussels financial
conference stands.
French optimism over the make
UP Of the new British government
has given way, lately, to feeling
of pessinism in view of the cer-
tain definite indications that Pre-
mier Bonar Law holds to substan'
TALLY the same views on repara-
tions as did Lloyd George.
Although the British have dis
closed no stated policy since the
resignation of Mr.. Lloyd George
Premier Bonar Law seems to agree
with his predecessors that Ger
many should be given long mora
torium from cash payments, that
the total of the indemnity should
be reduced, and that no military
measures should be used in at
tempts to force Germany to pay.
M. Poincare's much discussed
plan Of settlement is expected to
be placed before the present meet
ing, but it appears thGt he viii re-
veal it only in its broad outlines,
reserving the detailed plan for the
Brussels conference.
Must Give Guarantees
However, it is learned that the
following definite propositions,
while not constituting the plan.
probably will guide the French in
their arguments in London
One-No moratorium to Ger
many without the surrender Of
productive guarantees, such as
mines and forests.
Two-Reduction of the Ger
man indemnity to from forty bill
lion to fifty billion gold marks
only on condition that there be a
parallel reduction in the French
and other allied debts.
Three-Revision of the per-
centage of the German payments
in favor OF France. France at
present is entitled to SO per cent,
but would claim Great Britain's
% per cent in return for fixing the
indemnity at the suggested
amount.
Four-When the voluntary de-
fault of Germany is definitely es-
tablished, or when Germany refus-
es to carry out the financial re-
forms of balancing her budget and
stabilizing the mark, penalties
would be imposed. These would
include the extension of the allied
occupation of Ruhr so as to permit
q customs corGon around that
territory, and the general admin
istration of the Rhineland.
On the other hand. the British,
packed Dy ltdly, llOlu lildJ IL 10 usS-
less to convene the Brussels meet
ing unless there is q clear under
standing on certain points, which
NJ, poincare would leave for con-
sideration at Brussels.
These are the fixing OF n reas-
enable sum of indemnity and the
method OF its payment; redistrlbu-
ton OF the payments among the
allies: cancellation Of the allied
debts so far as possible without
affecting America; methods BY
which Germany's finances can be-
restored under allied control, and
the raising of a loan for Germany.