New-York tribune., 1922-10-08
Reparation Commission
Sets Time for Deliuerics

The Reparation Commission did not leave
ehe payment OF the cash balance to Germany's
nonor 1t stipulated that ON April Is Ger
many should lay down in Paris $4,662, ,76s .ss
and s12,5000o0 on the 18th of each succeeding
month of 1922, except November and Decem-
ber' when the monthly payment was set at
s15.000,o00
Germany paid her installments faithfully nm
70 and including June Is, when she again be-
gan TO demand a respite for the next payment
because OF the depreciation of the mark This
aie fseParatlon Commission refused to grant
'though ABOUT S4,0O0,000 was deducted on ar
count OF deliveries by Germany of coal to Ink.
enaoourg and dyes to the United States. which
money was credited to the July installn,ent
and Germany turned over the balance with
much protest)
Thus, from January to july. 1920 Cav.
manys cash payments against the .,nana.,
total cash requirement of s1so.0on mn hs,,a
been as follows:
Payments ten-dey basis
ihstallment April Jb t,1'o'ls
--asns.ai!ment on May I6.....4..., ,oson 80 o.
InstailmeEt June IS ,s'evo'ouV'Vp
lnstallment July s15g ~ .s,ooo'ooo.oo
- Z '..ss.. 1860. 10000
io'a'. ~. - .s,1asso ooo ~
on August is Germany still owed in cash
Ior the year 1922 the sum of ss7.35o.0oo.
oh Juiy 10 Or. Wirth, Chancellor of the
herman Republic, demanded Of the Renara-
IONS Commission complete respite from, fur-
encr casn payments not only for the remainder
OF 1917 but during 1928 and 1924. His ex-
cuse was the steady depreciation of the Ger
man mark, which he attributed to Allied repa-
rations demands.
Germany, explained the Chancellor WAS
forced togo into the world money market for
foreign currencies to pay reparations, and the
steady dropping of the mark SO increased the
burden Of keeping abreast of the schedule pre-
scribcd by the Allies that Germanv faced
bankruptcy.
Durlng 1922. up to August /, Gesnany had
delivered to the Allies, chiefly in coal. about
Sfo,ooo,00O worth Of gcoGs AS stated above
she had paid up to July is total Of s11o-
ooo,ooO in cash. Her total payments, there
fore, amount tols187, $4,000 as against s542-
5oo.ooO demanded by the end of 1922
The Reparation Commission, assigned to
;rswer the Reich's demand of July 10 for a
moratorium, gave its reply on August 80 The
commission was forced to consider Fran ,as
stand that long-term respite or any respite
Tor Berlin cash payments must be considered
out of the question unless material guarantees
we're forthcoming. The French government
thought that material guarantees should in
clude Allied possession of German state mines
and forests, the control Of customs and ot,ser
means Of insuring that delay granted Ger
many should not be fruitless for the Allies.
England objected to this. Italy took mega.
tive stand.
Belgium appeared as the conciliatory force.
Cash due for the remainder of 1922 naturally
accrued to Belgium on account Of her priority
rights, and she suggested that Germany issue
bonds. properly guaranteed. to cover all 1922
cash obligations, which Belgium would acceps
IL lieu of cash. This temporarily settled Ger
nanys cash problem for 1922. Frarces threat
to take certain guarantees by force were ssr
rally called off for some time since Belgium
assumed the responsibility Of collecting the
cash due in 1922, on which France or the other
Allies have no claim. However, Germany is
still obliged to make good that part Of 1922
payments in goods
Ternss on Which France
May Glue Consent