Evening star., 1922-04-12
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Continued from First Page.)
then took up the question Of the for
nation of a subcommission. and the
appointment of such a commission,
composed Of twelve members, was
agreed to after considerable debate.
The discussion was opened by the
Hungarian representatives, who sug-
EEested the formation of four sub
commissions SO that the problems
regarding each of the four principal
sections of Europe could be separate
~ considered. Serbia and Holland
opposed the Hungarian suggestion.
Their exposition was regretted by
Hungary. especially that of Serbia,
as the Hungarian delegate said the
suggestion was made particularly in
the interest of the Balkan countries.
After President Colrath had express
ed the view that such action now
would be inadvisable, however. Hun
gary did not press her suggestion.
Fight Shy Of Thirteen Members.
Holland suggested the subcommis-
sion be composed of thirteen dele
gates, in order to give the smaller
countries six representatives. The
British delegate smilingly remarked
that thirteen was an unluchy number,
and it was finally decided that the
number be fixed at twelve.
The commission on transport also
effected organization by the election
of Premier Theunys of Belgium as
president. A subcommissiop COM
posed of twelve delegates was
formed.
The report on financial questions.
prepared by the Germans and pre-
sented by DIR. RathenRu to Premier
Facta as chairman of the conference,
was transmitted today-to Sir Robert
Horne, chancellor of the British ex-
ehequer, and will be discussed at the
afternoon meeting of the financial
The report deals especially with a
plan for the stabilizatfon of exchange
through an International loan and
also outlines proposal for universal
monetary reform. The report con
siders the reconstruction of Russia
indispensable for the successful issue
of any such reform.
1t is understood that the Russian
delegation has drawn up a special
report containing detailed recommen-
dations and plans for the economic
reorganization of Russia. which will
be submitted to the conference in due
time The report drawn up by the
allied experts in London concerning
Russia. which is now in the hands OF
the different delegates. will also serve
as a basis for definite action.
Concrete projects dealing with
Russia are also attributed to both
Great Britain and France, but the
nature of these plans has not yet
been divnlged.
Ssviets May Recognize Debts.
The scheme which the Russians
will submit to the conference, ac-
cording to the Exchange Telegraph
Company. is divided into three parts
first, liquidation Of past debts; sec
ond, resumption of relations with
Europe; third, re-establishment of
Russian production.
1t is agreed that the soviets will
recognize fully the debts OF the old
regime. but it is pointed out that 1t
will be utterly impossible to pay
them. The debt to France alone is
fourteen billion gold rnbies, hence a
moratorium will be necessary. ii
the allies demand indemnity for war
damages from Russia, Russia must
demand indemnity for damages
caused by the Ko1chak, Denikin and
wrange1 offensives.
Subconm1ssion Meets.
The subcommission of the first COM
mission held a short session. Chan
cellor wirth and DR.. Rathenau of
Germany, and n. Krassin OF Russia,
also being present. The proceedings
were friendly. Mr.. Lloyd George pro-
posed that Signor Schanzer of Italy
act as chairman, and then moved that