Bisbee daily review., 1922-08-08
FRANCE SEEKS
 TO SAVE SELF
 SAYS PREMIER
Allied Statesmen Meet in Endeavor to Solve Prob
 lems in Europe

LONDON, Aug. 7.-(By the Associa- ted ss)-The allied statesmen who are meeting here in an endeavor to solve the European riddle today de- voted five hours to an analysis of the conditions existing between Great Britain, France, Italy and Belgium. The conference terminated in the ap- pointment of a committee composed of the finance ministers of those coun- tries which is to examine into specific proposals made by Raymond Poincare the French premier. These proposals have not been made public.
 The committee, in collaboration with the financial experts, is to meet under the chairmanship of Sir Robert Horne. British chancellor of the exchequer at 1O:30 o'clock tomorrow morning. It will make a report to the full con ference some time Tuesday or on Wednesday.
 The appointment of the committee followed a proposal by David Lloyd George, the British premier, to grant moratorium to Germany, which would terminate at the end of the present year, and the outline by M. Poincare of measures which France considers should proceed any further aleviation of Germany's obligations.
 France has no objection to mor- atorium in principle" said M. Poin- care. He then outlined the plan which he indicated would be satisfactory to Frances requirements.
 Every sanction" Mir. Lloyd George replied, should be considered as 10 whether it will result merely in trou- ble or in hard cash
 MT. Lloyd George discussed M. Poin cares proposition in detail and said expert advice should be invited before the ministers said yes or no to 1t. The question of referring the matter to a committee was unanimous. MT. Lloyd George said the British government favored awaiting the re- port of the separations commission before completing an allied meeting but that others had thought the CIT cumstances made necessary an i'm mediate gathering. He then invited M Poincare to elaborate his view.
 M. Poincare said he thought the meeting was necessary because two factors of great importance had de veloped since the last conversations i in London namely the German demand for moratorium and the note of the Earl of Balfour concerning inter'al lied debts. The French premier ad' ded that the Versailles treaty required Germany to pay her debts.
 ''She actually is paying nothing" he exclaimed.
 When the conference reconyened for the afternoon session, Premier Lloyd George said if Germany failed to meet her obligations, it would be matter of serious concern to all the allies. He emphasized that all would suffer equally. He cited figures which had been issued by The Bankers Trust company of New York, which be characterized as ''an impartial au Vhority," showing that the French eX penditures on the war debt had amounted to $37, 800 ,000 ,00O; those of Italy $14,5OO, ,O00 900 and those oi Great Britain O0,000.000.
 The premier argued that Great 1 Britain's claims to reparations there | fore were as great as those of France He parried statement of M. Poin care on the devastation of France by calling attention 10 the devastation tC British trade.
 Referring to the threatening finan cial situation in France, M. Poincar' said:
 Lloyd George has said we must not press Germany to despair, I say tC you that we must push France to eX tremities. We do not desire to ruiT Germany but we want to save our ] selves from ruin"