New-York tribune., 1922-10-25
Foreign Advisers Will Be
Invited to Conference
to Discuss Measures; ;
U. S. Counsel Is Sought
Allies i'm Harmony
On Reparations
Britain Consents to Hold
Germany in Default if
Internal Reforms Fail

BERLIN, Oct. "a (By The Associated
Press).--It is mi-officially announced
that the German government will in
vite number of prominent financial
experts to come to Berlin and discuss
measures for the stabilization of the
mark.
Among the experts who are to be in
vited by the government for the con-
ference are Professor John Maynard
Keynes, the British financial expert;
Professor Cassel, of Sweden: DR.. G,
Vissering and Professor jeremiah w.
jerks. Of New York University, former
financial adviser to the Chinese gov
ernment. Professor jerks Is now in
vestigating economic conditions in Ger
many. 1t Is also said that leading
official of the Guaranty Trust Company
of New York will be invited.
PARIS, Oct. "a (By The Associated
Press).A modification of Great Brit
ain's position regarding reparations,
indicated by Sir John Bradbury at a
meeting of the Repasation Commission
this afternoon. will make it possible
TOR the commission to leave Paris for
Berlin next Sunday with unanimous
Allied agreement on what measures
will be imposed on Germany's financial
administration for the purpose of
averting total collapse of that coun-
try.
The members of the commission are
agreed chat the time haa come to take
radical action on the German situation
if the complete financial breakdown of
Germany is to be avoided. The British
still hold that long moratorium will
be necessary to place Germany on her
financial feet, aside from the good eff
feet the new reforms NAV have. The
American observer is believed to have
indorsed this view. The French still
contend that with the faithful carry
ing out of the new measures Germany
soon will be able to resume reduced,
but nevertheless substantial, cash pay
ment on her obligations.
Internal Reforms Insisted On
The unanimous decision to 70 to
Berlin was taken after Sir John Brad
bury had definitely made known that
he, on behalf of Great Britain, was
willing to vote to declare Germany in
voluntary default of her agreement,
provided she refused to carry out
within reasonable time requests for
the internal reforms which the mission
will make in Berlin.
This was big surprise to the
Reparations Commission, since it was
q decided concession to the French
viewpoint. Heretofore the British
representative had refused to declare
Germany in default under any condi-
tions, and also had declined to be
party to any move which might be con-
strued as interfering with Germany's
internal affairs.
Sir John had told M Barthou, the
French representative on the commits
sion, that he thought the commission
hsd the right to Suggest" certain
drastic reforms in Germany's internal
financial system, to the end that the
budget might be balanced and the mark
stabilized. Should Germany fail to
make every effort to put the proposed
reforms into effect and thereby
jeopardize her indemnity payments,
Sir John thinks the time would then
have arrived for the commission for
mally to declare Germany in voluntary
default.
May Defer Brussels Parley
1t is not unlikely that the British
already have obtained certain conces-
sions from the French government in
icSulA. ~ 10 1CPoi ICd tudI IhSSS iiiaS
take the form of indefinitely postpon-
ing the Brussels financial conference,
placing the entire reparations problem
in the hands Of the commission, a
point upon which Sir John Bradbury
has been strongly inslstent.
The exact character of the measures
to be imposed upon Germany will be
decided by the commission between
now and Sunday, certain general ideas
already having been broadly agreed to.
The gravest of reports concerning
the financial conditions in Germany
inspired the decision Of the commits
sion to proceed to Berlin. Roland w.
Boyden, the American unofficial OBJ
server on the commission, was one of
the first to suggest the advisability of
an inquiry on the ground as the best
means for determining what additional
reforms should be imposed.