The New York herald., 1922-04-22
Demands of Allies Agreed To
With Plea for Aid i'm Its
Economic Recovery.
GERMANS TO STAND ASIDE
Won't Participate in Russian
Problems. but Russo-Gcr-
man Treaty Stands.

GENOA, April Il (Associatcd Press).
The text of TIE Russian reply 10 the
Entente Powers follows:
The Russian delegation has cx-
smined with the greatest care the
proposal of the allied Governments,
as set forth III the official note of
April 10, and at the same time has
consulted with its Government.
TIE Russian delegation is Of opin-
ion that the present economic situa-
tion in Russia and the circumstances
leading to it amply justify, in re-
spect to Russia, the complete re-
mission OF all her debts as set forth
In the above mentioned note by
recognition of her counter claims.
However. the Russian delegation
is ready to go a step further in the
quest for a solution and adjustment
of differences and to accept articles
and and item | Of the above
mentioned annex. provided tfat war
debts and arrears in interest, as
WIh pOSlPOilCo littlNlN ~ go
debts. are written down and finan
clal assistance is given Russia to
help her to recover from her pres
ent economic state in the shortest
possible time.
TArticles referred to are as follows:
Section 1.-The creditor Allied Gov
ernments represented at Genoa can
not admit any liability regarding the
claims advanced by the Soviet Gov
ernment
Section Elm view of tho serious
economic condition OF Russia. how
ever. such creditor Governments are
prepared to write down the war debts
owing by Russia TO them by per-
centage TO be determined later: and
the countries represented at Genoa
would be prepared TO consider not
only the postponeTent of payments
of interest upon financial claims but
also the remission OF some part or
the arrears of interest or postponed
Interest,"
Regarding Article 3. Part 2, on
the subject of the above conditions.
the Russian Government would be
ready to restore to their former
owners TIE use of property. nation
allied or reserved, under the reser-
walton that in the event OF that
being impossible. satisfaction shall
be given TO the legitimate claims of
the former owners. either BY mutual
"a .rriuo1 nj fYaIft.pn fl,r
tween both parties or In virtue OF
arrangements to he worked out dur
ing the present conference.
ISection reads: 1T must be defi-
nitely agreed, however. that there can
be no allowance made TO the Soviet
Government against, first. either debts
and financial obligations due to for
eign nationals. or. second. tho right
OF such nationals regarding the re-
turn OF their property and compensa-
ton for damage or loss in respect
thereof"l
Financial assistance from foreign
sources is absolutely vital for the
economic reconstruction OF Russia,
and so long as there is no prospect
or reconstruction forthcoming the
Russian delegation does not zee its
way TO saddling It's country with
debts OF which, IL would not be able
TO scquit itself
The Russian delegation wishes II
clearly understood. notwithstanding
the fact that 1t appears obvious in
point OF right. that the Russian
Government cannot assume any OBJ
ligation with respect to tho debts Of
it's predecessors until IL has been
officially recognized dc jurc BY tie
interested Powers.
Hoping you will find tho forth
coming proposals will be an ade-
quatc basis for a resumption OF dis
cussions. VIC have tho honor TO be.
Your very obedient servant.
T~urrcUERIN