Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-08-10
FATE Of FARLEY
MAY REST UPON
FRANCE s STAND
Allied Premiers Will Meet
Again on Friday to Dis
Cuss the Financial Situa-.
ton in Germany.
tBy The Associated Press.J

London, Aug. (by the Associ-
ated Press. 1.-The allied premiers
will not meet tomorrow to discuss
German reparations. They will
gather again on Friday but wheth-
er only for the purpose of formally
adjourning and arranging for a
further meeting elsewhere, or to
consider an entirely new plan for n
settlement of the financial situa-
tion in Germany, probably will de-
pend on the outcome of a gather
ing of the British cabinet tomor-
row and whatever new suggestions
France may have to offer.
The plan of NJ. Poincare, the
French premier, submitted on
Monday, which was referred to the
experts to determine whether it
would result in productive guar
antees," has been rejected by the
finance minister. who agreed, with
the exception of the French min
ister that it would not be "produc-
tive of hard cash"
French Proposals Offered.
The report of ths experts COM
mittee opposed all the French pro-
posals by a majority of four to
one. The Belgians. however, sup
ported the French plan of allied
control of state owned coal mines
in the Ruhr region. A majority
Of the experts branded this propo-
sal as "useless. except as a sane
ton" The suggested establish
ment of customs lines in the occu-
pied area and the rest of Germany
and around the Ruhr region was
rejected as undesirable. AS re-
counted by the British spokesman.
the majority of the experts held
that no real moratorium would be
afforded by renting the present
forms of payment If equally oner-
Gus obligations were placed upon
Germany.
The view of all except the
French delegate was that if any
guarantees of this nature were to
be taken it would be simpler to
take over the present customs ar
rangement at the German frontiers
than to divide Germany by fresh
customs barriers. The proposal to
seize GO per cent interest in fac
tories, especially the dye works on
the left bank of the Rhine. also
was declined on the ground hat
this could be done only by COM
pellng the German government
to buy out present proprietors.
which would involve an issue of
moro paper money and a further
aggravation Of the German mon
etary situation.
Conference on the Shoals.
On this, the third day, the con-
ference seemed to be on the shoals.
The prevalent belief was that it
was not likely to survive the pres
ent week, the apparently ir-
reconcilable views on the proposals
which have been made, mainly by
the French. for consideration by
the experts committee, has led
most of those connected with the
conference to admit that a situa-
tion of extreme gravity has arisen.
SO serious is the situation that
Mr.. Lloyd George was impelled to
convene a meeting of his cabinet
for tomorrow afternoon.
Neither in the work OF the con-
ference itself, nor in the many in
formal conversations among the
principal delegates outside has
there been any approach to an
agreement. Although the Belgian
delegates have been tireless in
trying to reconcile the conflicting
views between the British and
French conceptions of the princi-
pie of control to be applied to
German finances.