New-York tribune., 1922-05-24
Indefinite Extension Of
Time Limit Considered
by Reparation Commits.
sion to Relax Tension
Plan Is TO Await
Advice of Bankers
Financiers Said to Favor
an Extensive Loan TO
Berlin or None at All

PARIS. May % (By The Associated
Press indefinite rostponemcnt Of the
May 81 ultimatum date for a rcpara-
t1ons settlement by Germany is being
considered by the Reraration Commits
sion and may be offered the Germans
upon condition that they accept essen
italy the commssion's full program.
The Reparation Commis ission and the
Germans are IN agreement now on
about half the points at issue, but still
differ materially on some vital cues
tions.
The proposed breathing space, If it
can be accorded, is considered Desirable
1o1 severa! reasons. For one thing. as
1t would lay the spccter Of detinite
crisis May 81. it would eliminate
the possibility of the international
bankers committee, which meets hero
to morrow. feeling that it must work
fevershly against time to fnd rem
cdy while the world waited and while
the Allies were making ready to m
pose penalties IN case Of a default
Such respite as is NOW being con
sldered would relieve the tension and
give time. it is pointed out, for we'll
Big Loan or None Advised
A big loan TO Germany or mono at III
appears to be the first idea with which
the bankers from many nations now
M
meeting Tomorrow are approaching
their work
A good deal Of informal talk is go
ing on between the French and foreign
hnancler3 as 20 the range Of discus
SONS and the manner in which the
committee will begin its work. The
prevailing thought is that the bankers
are not coming together for the pur-
pose of finding Investments, as they all
have under consi Iteration at home more
opportunities for employing their capi-
tai than they have money. If, however.
oy arranging loan to Germany they
can settle the economic situation in
Europe for some years to come thew
will attempt it. Their attitude Of n,ind
IS described as conviction that moth
lng can be done with the equivalent of
SlOo.000,o00 or S200.O00,0OO, and there
Is no motive for lending Germany so
smail sum tor purely temporary pur-
poses Such sum, it is felt, would ba
Speht on reparations or in other wavs
WITHIN four or FIVE months, leaving =
fresh crisis on the same problems un.
settled. '''' "''-
cons s.equently the first suggestions
n"nse from the equivalents of $500 600.
ovo @ 10 oo,;;ooo,oO0 for immediate is
sue The billion figure appears ia he
the favored one. but whether any Ionn
IS possible, it is thought, could be de.
clded only, if the governments con-
cerned could agree to some conditions
OF immense and decisive character.
Priority Must Be Waived
In the first place the Belgian govern
,meht must surrender. partially at
least, her priority on German renara-
tlons. The Belgian delegates at the
Spa Supreme Council meeting in July,
i9"o, When an international loan was
5lrst discussed among the Allied GOV
rrnments, agreed that Belgium would
not block the way by insisting on her
priority. It is assumed that tho Bel
glan statesmen still will take This atti
tudc
Belgium still has something like
billion and a half gold francs due her.
1t is expected also that the British
Government viii reduce Great Brit
ANS proportion Of % per cent of the
reparatlons, because she is more in
terested in the economic adjustment
and tranquility Of Europe than in her
chances OF cash from Germany.
The French government, too, it is
believed. viii reduce her expectations
Of cash payments if the carefully CON
sldered judgment OF the committee and
of the reparation commission should
be that this is necessary.
cr,c,oj nh,1 To vbo v..i.