Arizona republican., 1922-03-07
GENOA D
CONFERENCE
Will. START.
On APRIL 10
British and German Gov
ernments Agree Stand
Back of Nationals In
Raising Restoration Fund

PARIS Mar. 6-April 10, has been
definitely settled upon as the date
for the opening of the Genoa econo-
mic conference. Italy, from whom q
request for delay had been expected
owing to the extended cabinet crisis
last month, informed tho foreign Of
flee today that she would be ready
on that date.
The French government will have
five representatives at the opening
of the conference, one of whom is
likely to be Premier Poincare him
self, but for a few days only.
The italian note announcing readi-
ness to proceed on April 10 caused
mild surprise at the French foreign
office. 1t was Officially stated that
should request for delay come from
any quarter, France would acquiesce
after Great Britain had agreed, but
would not endorse such request pre-
vious to its acceptance by Great
Britain.
The present French government
feels it was unfortunate that the
French delegation as an entity could
not remain at Washington through
out the conference for the limitation
of armaments, and an endeavor will
be made to avoid a similar situation
at Genoa.
Premier Poincare will not be able
TO remain for more than a few days
The meeting of the finance minis
ters of France, Great Britain, Italy
and Belgium on March 10 will be
merely for the purpose OF discussing
the distribution among the allied
powers of the reparations payments
already made by Germany.
With respect to the meeting Of for
eign ministers OF the allied govern
ments in Paris on March 20, France
is anxious for the earliest discussion
Of Near East questions as it is feared
in official quarters that with the re-
turn of spring and the disappearance
of the snow. the roads thus becoming
practicable. the Greeks and Turks
will resume hostilities which Will
make the work of the foreign min
listers more difficult.
The British and German govern
ments are understood here to have
agreed unreservedly to stand back Of
their respective nationals who share
in raising the G20.000,000 destined
for the economic restoration of Eu-
rope through the international bank
ing consortiunI recently organized in
London.
The italian government IS said to
have given the same assurance with
! some reservations. France has not
yet made known It's decision while
! the Belgian government is Seported
to be adverse to making any guaran-
| tees to Belgian, financiers who agreed
| to subscribe 20 per cent of the con-
sortium's capital. The Belgian gov
ernment is said to have taken the
view that the individual financiers,
who in the future may reap the BEN
| efits from the resumption OF trade in
central Europe and Russia, must as
sulne the risks involved.
| Financial representatives from
! Great Britain, France, Italy. Belgium
ana Germany met in London some
! tinie ago and decided to found the
| international consortium TO be cap
| itaIized at 6 20, 900, 900, % per cent Of
which was to be subscribed imme-
| diately. The four big powers were TO
! assume 30 per cent of the subscrip-
| tion and Belgium 10 per cent. Bel
gium then insisted that she be al
/ lowed to participate to the extent OF
| 20 per cent. but at a. meeting of the
! Belgian cabinet council subsequently,
| it was practically decided that the
! private firms and banks which sub
! scribed to the consortium should not
| be guaranteed by the government
This action is taken to mean that
Belgium will be practically eliminat-
/ ed from the consortium.
French financial opinion is also re-
ported to be opposed to government
/ backing for French financiers who
| participate in the undertaking.
]