New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-09-01
s------r-a--------
Reparation Board Decides
to Permit Payments for
Rest of 1922 To Be in
Gold Treasury Notes
Moratorium Put Up
To Autumn Pal,ley
Compromise Is Result of
Anglo Belgian Accord; !;
Berlin Delegate Pleased
BY Wilbur orrest
Special cable to The Tribune

/ .SopyTigHt. ISZz, New York Tribune, Inc.
PARIS, Aug. 31.---The Reparation
Commission after a long sitting this
evening unanimously decided to defer
definite action on Germanys mora
torium request, but to grant Germany
respite for the remaining: cash pay
ments due this year. This will be
done by allowing Belgium to accept
German treasury bonds as payment
under one of two following named
conditions: either with guarantees
for the securities determined by the
Belgian government or the transferal
of certain amount of gold from the
Reichsbank to some Allied bank.
This decision was reached at 8
o'clock this evening. During the after
noon another decision was made
against the British proposal to grant
Ge:r.any moratorium without new
conditions. Sir John Bradbury, the
British delegate, was beaten on this
by France and Belgium voting togeth-
er and with the Italian delegate
refraining from voting. This, accord
ing to the provisions of the Treaty of
Versailles, means refusal.
Poincare Agrees tn Decision
Although Premiev Poincnre agreed to
the action of the Reraration Commis
sion the decision of the French govern
ment will not be known until ta-mor-
row. poincarc said this evening imme-
| diately after the session of che com
mission that the question mrst be de-
cided at meeting of the Council of
Ministers ard tho text would be most
carefully examined by the government
Premier Poincare said II, en- Interview:
IF the moratorium is not GRANTED
the decision Of the French government
might appear theoretical since the Ren-
aration Commission has admitted the
acceptance of bonds instead of cash
for the EeNt payment But this isn't
theoretical, for il no rnoratoriQnl is
rranted and 9f Ga-lrHny doc sn't paw
there will evidently be default and
every Allied country under the Treaty
Of Versailles ccuid rogai1 freedom of
action toward Germany. understand
the decision in this sense, but must
examine the details tomorrow At the
next conference in November the whole
situation will be discussed, but as for
the next payment cane be more Bel
gian than the Belgians themselves"
Belgium to Ask GUARANTEES
It is stated in official circles in refer
ence to backing up the German treas
ury bonds that Belgium will ask the
same productive guarantees that Poin-
care demanded at the London confer
ence. After the sitting of the commits
sion Sir J ohm Bradbury said:
~ am satisfied that the French view
point has been respected and I have
gained my point that Germany shall
have relief from gold payments for the
moment"
AT 5 O'Clock Poincare declared
against the proposal, which meant that
Germany would get moratorium
awaiting further decision of the com
mission. But at o'clock he was will
ing to ACCEPT tho same propositions,
with the differc~se that Sir Johns
proposal to grant the moratorium was
refused, although definite decision to
refuse the. moratorium was deferred,
Germany in the mean time to pay, but
not with gold.
the Treaty of Versailles, France would
not have the legal right to take in
dividual action in case of Germany's
default. AS it stands at present, if
Germany fails to pay each country
may take such action as it deems
necessary. From the French viewpoint
this is the most important difference.
Bradbury Checks Dubois Move
At the beginning of to-day's sitting
M. Dubois proposed to.refuse the mora
torium to Germany, but Sir John Brad
bury intervened with Joint susges-
ton in the names of England, Belgium
and Italy not to decide now but to
await the settlement of financial con-
troll in Germany. Sir John further pro-
posed that Germany pay the Belgian
priority claim in drafts for the next
six months under guarantees estab-
lished between Germany and the Bel
gians, or if these fail to supply guaran-
ties by transferring sufficient amount
of gold to Allied banks.
The official sitting Of the commission
began at 430 o. m. In the meantime,
the contents of the Anglo Belgian pro-
posals were telephoned to PRESIDENT
Millerand.
PARIS, Aug. 81 (By The Associated
Press Premier Poincare tonight ac-
cepted this afternoons decision of the
Reparation Commission in favor of the
(Co1tnpeE on mana four)