The New York herald., 1922-04-29
French give VIEWS
|. ON Terms TO RUSSIA
Restoration Should Be Car
ried Out in Interest Of
Nation Itself.
! GUARANTEES NEEDED
International Consortium
Favored as Means of
Financial Aid.
FARM HELP IS URGED
Draft Of Proposals Summarizes
! IL Articles as Guide to
settlement.
FARM HELP IS URGED

GENOA. April % ASSOCIATED Press). :.
The official summary Of the draft OF
the French proposals regarding Rus
sia, which begins with a general ex-
position of the problem of the restora-
tion of Russia, as France sees it, says
In part:
"The restoration of Russia should.
above all things, be carried out in the
interest OF Russia herself. As soon as
foreigners are given the necessary Sc
curity, namely certitude that their
persons. property rights and profits
from labor shall be respected, they
will bring to Russia their technical as
sistance and capital.
AGRICULTURAL reconstruction should
come before other things. This can be
carried out by land concessions leased
to foreign companies. But to do this
1t is necessary that any lessee Of
soil should be assured OF the fruits Of
his labor.
THE financial assistance which all
this presnpposeS could be supplied by
an International consortium and by
branches OF this consortium in foreisn
countries. the formation of which al
ready has been decided on to help
in the economic reconstruction Of
Europe. To that can be added ad-
vances which certain countries are able
to, make immediately to their citizens
who intend TO locate in Russia. as well
az private credits which contractors
will find available from their national
banks when there Is reasonable assur-
ance that their work will succeed
Samm arixes IL Articles.
After this preamble the French
draft summarizes twelve articles. which
Trance thinks should guide in the con-
Lclusion OF an arrangement with the
Soviets.
The first article is an agreement by
the Soviets to renounce all subversive
propa ganda. Then follow articles con-
corning the settlement of debts to for
eisn Goyernments. These debts will be
recognized by the Soviet Government.
and creditor Powers will accord the
Soviet Government on their part a mora
torium and facilities for payment
Article three relates TO debts owed 20
foreigners by Russia. 1t says the
Soviet Government should recognize and
promise to fulfill all financial contracts
made by 1t or by its predecessors. The
Soviet will promise also to recognize
or to have recognized all financial en-
2agements entered into by provincial or
local authorities or by public utility
companies. 4N
Article five exacts a promise from the
Soviet Government to conclude before
December 81. 1922, an agreement with fhe
representatives of owners of Russian
state bonds In order to provide again
for interest RI this agreement Is inn
possible, then the Soviet will promise
to accept the decision Of a mixed arbi-
tration commission. OF which the presi-
dent would be appointed by the Chief
Justice of the United States Supreme
Court or the League of Nations or the
President OF the International Court OF
Justice (presumably the Court of Inter-
national justice at The Hague).
Views on Seized Property.
Article deals with the restitution
of private property to former foreign
owners. II says Russia should return
this property with indemnity. because
its owners have been deprived OF its use.
and also cover damages TO the property.
This refers to property rights and In
terests that still exist and can be estab-
lished. when,it Is impossible TO restore
or replace this property, or when dis
agreement arises. the mixed arbitration
tribunal will fix all indemnities due.
Russian financial and Industrial COM
panies in which tho control OF foreigners
is important viii be reorganized In or
der TO protect former foreign share
holders
BY virtue OF Article indemnties
mentioned in Article 8 will be fixed BY
the issue OF new Russian ) per cent.
Dor Dis OF an amount to be decided on by
The arbitration tribunal. The mixed
arbitration tribunal will be composed of
three members--one for Russia, one fos
q Government interested. and third.
who will serve MS president, TO be named
by the Chief Justice OF the United
States Supreme Court. This tribuna.
will decide all points in dispute.
Articles 3. 10, II and IL relate to TIE
establishment OF provisional regime for
the protection OF the persons and prop
critics or foreigners. conformable 70
regulations contained in the London ex-
ports report.