Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1922-09-01
GERMANY RELIEVED
FURTHER PAYMENTS
FOR BALANCE YEAR

Paris, Aug. 31,-(By A. P.)-The
reparations commission has relieved
Germany of the necessity of making
any further cash payments in repa-
rations for the remainder of 1922, but
defers its decision on the question of
a moratorium until radical reforms
in Germany's finances are carried out.
These include the balancing of her
budget, reduction of Germany's for
eign obligations, currency reform and
the issue of foreign and internal
loans
In rendering its decision, the repa-
rations commission takes into ac-
count the fact that 1.-THE German state
has lost it's credit and the mark has
deprecated continuously"
Announcement of the commissions
action was made by Sir John Brad
bury this evening after a session last
ing an hour and twenty minutes.
The decision was Immediately COM
municated to the German delegates
and the various governments by tele-
phone. 1t is understood that premier
Lloyd George personally approved the
settlement by telephone this after
noon.
The decision came as a surprise to
some circles, where 1t was expected
that M. Dubois, representing France,
would vote against any solution other
than one complying with the original
demands Of Premier Poincare.
AS accepted the settlement consti-
tutes modified form of the Belgian
compromise proposal and Belgium is
given the honor OF having brought
about the last minute agreement
when a break in the commission
seemed inevitable and the members
of the commission felt that the very
existence of the comission was at
stake.
Premier POlncare gave his APPROX
al upon conditions that Germany fur
nish a gold deposit sufficient to
guarantee the deferred payments in
volved. The threatened breach in the
Franco-British reparations has thus
been averted by the French premier,
who was only prevailed upon to with
draw his objection to compromise aft
or it became before certain that in
dependent action by France would be
interpreted by Great Britain by a
virtue tearing up the treaty of Yer
sailles.
The question now passed out Of the
hands of the separations commission
and becomes a matter of negotiation
between Germany and Belgium, the
latter agreeing to accept treasu
bills from the German government,
payable in six months, in lieu of cash
payment to which Belgium is EMIT
led under a priority agreement.
Berlin, Aug 31-(By A. P.)-Offi-
cial quarters were already deserted
when the reparations decision came
in over the foreign Office ticker. The
Berlin editors were given only
brief summary of the decision and
were informed that the text would
not be released for publication until
Friday.
Chancellor Wirth conferred with
the Reichstag leaders late in the aft
ernoon and discussed with them the
general situation and the probable
demand for an extra ordinary session
of parliament.
The news that a modified form of
the Belgian compromise proposal had
been found acceptable is received
with great satisfaction, both in gov
eminent and diplomatic circles. 1t
is not expected there will be any riff
ficulty in the direct negotiations with
Belgium.
Throughout the day German off,
Gals did not conceal their conviction
that the request for a moratorium
would be rejected.