The New York herald., 1922-05-05


fcheQuer. to establish compensating
balance between debts and indeninities,
Mr.. Lloyd George will have none of it.
largely because of American opposi-
tion.
But 1t Is thought likely that the
French debt to Great Britain and Ger
man reparation will find some mutual
solution necessitating the maintenance
of Anglo-French solidarity. Therefore
IL Is believed here that not only will
the French agree with Great Britain
on non-aggression, but even on Russia.
Meanwhile the Russians are grow
Ing stiffer in their attitude toward the
terms as they hear of French and
Belgian stiffness. They are letting it
be known that it is increasingly inn
probable they. will sign the memoran-
dunn. To-day they issued long state
ment of just what Russia needs in the
way OF reconstruction credits. total
ing $4,000, 900. of which $S,0O0,
O0O.0 600 are to be raised abroad, to be
divided as follows: Six billion dollars
for agriculture, of which $4,000 900 600
is to be raised abroad; $4,000, 100000
for industry, all raised abroad, and
000,000,000 for railways, half raised
abroad.
Though it is officially denied, the
British are disturbed over the Italo-
Turkish treaty. which now turns out
to be with the Constantinople Govern
ment, instead of witL Mustapha
Kemal Pasha. There is growing
rivalry between the two delegations
over Russian trade, which does not
help promote harmony Notwith
standing reiterated denials also that
the Shell group signed an agreement
with TIE Soviet Government. the su5-
picion that oil is playing a, part in
Russian politics continues to pervade
conference circles like the odor of
kerosene.
1t has been recognized all along that
Mr. Lloyd George is fighting not only
for the conference, but also for his
political life at home; and desperate
measures are not beyond his audacity.
Liberal sentiment. both in and out of
the Coalition, is known to favor his
Genoa policy, and even further con-
cessions for peace and prosperity.
Lord Birkenhead is believed to have
informed him that Mondays question
in the House of Commons came from
that "die hard" circle of Unionists
which cannot influence enough votes
TO become effective.
The feeling in German quarters is
one OF undoubted qualification over
the developments of the conference in
general.
GENOA. May ASSOCIATED Press) -
olenor Schanzer and Premier LLOYD
George had a conference lasting an
iiour and a half at the Villa de Albertis
to-day. They took occa sion to denoufce
the campaign of certain English news
papers. which have taken the pretext. it
was asserted, of the Italo-Turkish
treaty in order to attempt to wreck the
conference and undermine the good re-
lations between Italy and Great Britain.
IL is learned that word reached Lon
don from an authoritative source that
Italy had concluded with the Angora
Government treaty similar to that
which M Franklin Bouillon had con-
cluded In behalf of France. The Brit
ish Foreign Office. not knowing that a
communications had been made person
ally on the subject by Signor Schanzer
to Lord Curzon. sent a note to Italy on
April 27 asking for explanations.
The situation was soon clarified, II is
now explained. and England does not
object to the economic agreement con-
cluded by Italy with the Turkish Gov
ernment at Constantinople for conces-
Sions to be granted to Italian firms in
Asia Minor.
IL was brought out at the interview
that Mr.. Lloyd George intended his non
aggression pact to be the crowning
work of the Genoa conference. but that
us presentation. approval and efficacy
were subordinate. first, to peace with |
Russia. and. second. to settlement OF
the frontier disputes from the Baltic
to the Black Sea, or at least an agree
ment on the methods to be followed for !
solving the questions of Bessarabia. |
Eastern Galicia, Wilma and Memel.