New-York tribune., 1922-10-15
Split May Put
Reparations
Up to League
French, Opposing Britain's
New Proposal, Despair Of
Fruitful Cooperation,
and Force Isn't Desired
London's PlanAnnounced
Would Reorgaaize Repara4
tion Body and Try to
Balance German Budget
BY Wilbur Forrest
SpeosoI Cabs to Ths TrsbaAs

Speca0b CaplE 20 IRS ITHeuH6
Copyright 19sa. New York Tribune Inc.
PARIS, Oct, ,i4.--The League of Ma
tions may be called upon to handle the
German reparations problem, which
again has brought England and France
into sharp difference Of opinion. The
French to-day began to despair of
fruitful cooperation by Britain in a
settlement
The British plan for financial re-
Mobilization of Germany, with complete
relief from reparations payments for
five years, was made public officially
here to-day. Sir John Bradbury, Brit
ish member of the Reparation Com
mission, explained the main points to
his colleagues yesterday, and in the
discussion that followed Louis Barthou
announced France was not satisfied and
that he intended to disclose her counter
proposals next week.
Sir Johns Proposal
The British suggestions may be
summed up as follows:
First-The Reparation Commission
shall be reorganized, an American
member included, and transferred to
Berlin for closer supervisory coop
Grafton with the German governm ent.
Second-The Allies who are sched-
uled to receive payments from Ger
many under the treaty will sccept, in
lieu of cash, German fve-year treas
ury bonds, and in the event Of pay
ments from Germany in the form Of
IL. 10 :c 1nd
upon to guarantee the German bands
with bonds of equal face value, which
Germany Is entitled to negotiate.
Thtrd-The Allies will fix an ex-
change value for the mark by an ar
rangement under which the Reichsbank
will sell gold for paper marks at a
fixed price to be determined by a
mixed commission.
This last proposal, Sir John believes,
is impracticable unless the Reichsbank
is relieved of the necessity Of creating
new credits through the obligation to
discount paper money for government
expenditure.
The plan is to be operative for two
years, with sn eStension for Ike
period II deemed advisable by the
Allied commission.
The Bradbury program, it is con-
tended in some quarters, bears out the
French contention that it is designed
to torpedo" the Brussels conference,
now mentioned for some date in No
vember. The plan, according to Si1
John, "contemplates that final adjust
| ment Of the debts between the Allies
| should take the same place as this
(German) settlement, and recommends
that the Allied governments should
| consider the possibility of immediate
| arrangements to meet the difficulties
| which will arise in the interval between
| the present time and this general set
] Element"
Allied Split Deplored
| The Franco British split Of such q
sharp character on the question OF
reparations is greatly deplorsd here,
1 especially in view Of the imminence OF
! the Brussels conference, which was ex-
pected to settle the question Of inter
Allied debts. 1t was openly voiced in
some quarters of Paris to-day that the
British were maneuvering to kill the
conference, not wishing to face the
majority of the nations Of Europe, who
| are the debtors of England. The
| "Matin'' makes the charge quite
frankly to-day under the heading "how
the British government is planning to
avoid the Brussels conference"
AS for the Bradbury proposals, The
Tribune is able to present the French
official viewpoint, namely, that they
would tend to grant GerMany virtual
moratorium for five years, pending
which time France would bo COM
PEELED to negotiate questionable Ger
man paper at discount II she want.
| cash, which she desperately needs, ant
herself guarantee this paper.
/ Tko NJ lam opf Nf AZ
inter-Allied debts or of the French
| gaining relief through the medium o1
| International loans is seen as greatl,
1 delayed, while the transfer Of the Rep
aration Commission to Berlin, to worl
on terms of mutual confidence with
the German finance administration, is
regarded as highly impossible.
French Counter-Plan
The French counter-plan will state
the conviction of the French govern
ment that Germany will never accep'
Allied control Of her finances yolun,
tariiy; that this must first be imposed
and sternly enforced.
/ Inquiry in official circles to-da,
brought out that, failing British CO
operation in what the French deem &
be proper regulation and assuming that
the Brussels gathering Is not held, the
government sees two alternatives
either isolated French action to col
lect from Germany by force or handinf
the whole affair over to the League O.
Nations.
/ The latter step is considered tn.
more probable, as is indicated by thu
cessation Of the tendency to use rougl
tactics toward Germany which has beer
evident at the Quai d'Orsay for. tn.
last few months. The league idea wa.
seen in the light Of possibility las
month, when Premier Poincare allowed
the French delegate at Geneva to brine
up the question Of reparations.
Little Hsu" Sets I'm an