Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1922-04-29
u u sJl I|y Ill II
N01E|DAT1lE NEARPEON|
! IN rSsvsd " DsIay Of
~ Dsmsnds crsdits
~ Assured Soviet
WHITES GENOA CHAIRMAN

0oooa. April 29.-Foreisn Minister
Ichitcherin, Of Russia, today sent Pre-.
Mler Facta, Of Italy. as president Of
the Economic Conference. q note ex-
!. .pressing the dissatisfaction Of the Rus
slan delegation with the delay In reply:
! Ing TO its note of April 20. and saying
The note would be withdrawn and the
1uesians would resume their initial
position unless they were assured that
the credits necessary to restore Russia
would be granted.
In line with Prime Minister Lloyd
Georges declaration that the new allied
proposals. to the Russians must be con-
sldered IA q whole. special drafting
committee was endeavoring today to
frame document which would har-
monixe the differences in the demands
submitted by the British and French
delegntions.
The preamble was completed last
night, and the remainder of the draft
was expected to be ready for submission
to the full sub commission on Russian
affairs, scheduled to meet today.
j. The French document insists on the
full payment Of Russia's war debts and
the restoration of private property to
foreigners.
fsf CONCESSIONS Oy BRITISH
While the French document stated
tAat Agricultural reconstruction should
come before other things" the British
program dealt more fully with credits
FOR Russia, favoring a reduction in her
var debt and conceding that foreigners'
formerly owning property in Russia be
granted the use Of It instead Of a re.
turn Of actual ownership. which would
conflict with the Soviet people Of ma
tionaliSation.
France would demand that il private
property cannot be restored the former
\ owners be given indemnity. The French
further desire an arrangement for pay
meAt Of interest on the Russian state
bonds. Failing an agreement before
fUecember 81, next, the matter would
buAai with an impartial chairman.
Louis Barthou. chief French delegate.
htoek occasion formally to deny rumors
! tAat he intended to cult the conference.
Moratorium for Five Years
s, The correspondent Of the Central
News says he learns that the British
draft proposals to Russia set forth eight
points, the principal Of which Is that
Russia shall recognise. all her debts,
and, after a moratorium OF five years,
pay 2 per cent interest for five years,
(; and then 4 per cent for another FIVE
years.
The document does not specify that
Russia must accept the principle Of
\ private ownership, but demands long
Leases OF private property to its former
Owners. A credit scheme to finance
trade would be favorably considered II
Rqaia accepted the proposals.
II. Chicherin ut FIRST refused to com.
meat on the proposals., and then, look :
! Ing at the French draft. he shook his
heA4 % though dismissing it entirely.
X 1fr. Lloyd George characterized the
IfencA project ~ elegant IL form, but
i1o0octiye in important features. 4
n 8arthna described the BrltIyh
] 911et as~'stoo selisiously moral' :.
/ ~ April 2e.-tBy A. P.y-The
EfhQ de Paris understands that NJ. Bar.
th&S chief Of the French general dele
| eadcn, Is inclined to accept certain con.
I ceasi0ns to the Russians relative to war
4 debts, formulated by the British dele
gates at Genoa. because he had re-.
l cetved assurance that the British Gov.
efnment is disposed to reduce or can
cel In the same proportion frances war
I debts to Great Britain.