New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-01-14
Berlin Granted
Qualified Delay
On Preparations
Continued fro pae, onr)

fulfil the obligation imposed on her
on that date under the Versailles
Treaty.
The payments have been made this
week by deposit of funds at the Re
serve bank by the accredited banking
representatives. Of the Rcichsbank.
acting upon instructions from that in
stltutlon. Their fetal so far is csti-
mated at between $4,000, 900 and Sl2.-
o00, 900, against the aggregate require
mcnt of approximately S1l9, 100000. No
enact figures arr available, due to the
lack OF any central contro over the
payments IN this country. such as OK
listed last MAY. when tho entire INSTALL
menu was va, PAID in dollars. The Re
serve Bank maintained silence in
Difference to its service merely as
agent IN the transaction and. more
over is unable specifically to separate
'hc deposits, which arc made TO the
"cconht OF the several central banks
OF inc Allied nations. from other funds
which 1T receives as their agents.
For Bank Of Belgium
IN ADDITION to the current payments,
winch are definitely assignablc to the
January 5 installmcnt, the Rcichsbank's
correspondents in tn. United States
nave since the middle OF December
ocen making deposits in varying
amounts, no single deposit having been
as much as S2.00O.O00, to the account Of
the Bank Of Belgium. These deposits
arc believed to be identified with the
rcparat.ons program, but the relation
is not clear
Moderately heavy German balances
are reported still available here. but
not IN sufficient amount to provide for
n -, n o,l1 Of
ing requirement. These balances have
been built up, bankers said yestcr-
day, largely through the sale Of marks
and through appropriation of dollars
rendered IN payment of German pur-
chascs hero. The German importers,
turning these dollars over to the gov
eminent, arc reimbursed in marks.
so far as can be learned no effort
has been made recently to obtain cred
ITS tor application to separations. This
IS believed to be due to the fact that
this process proved costly in meeting
the August stallmcnt and to the rigid
stpulatlons as to security insisted
upon by American banking interests.
Credits for Exports
Steps have been and arc being taken.
however. to obtain substantial credits
to finance the export OF raw materials
from the United States to Germany.
bankers report. Cnc deal for such a
credit OF $50 900 900 was recently near
contamination. The banks Interested
presented their terms. which were ten
tativcly approved by German represent
atvcs here. but were not satisfactory
to Germany. The bankers withdrew
when it became evident that Germany
was cndcavoring to place the credit in
the category Of gambling PROPOSE
tons"
While this particular deal was called
off, bankers close to the situation OK
press the opinion that credits in SUBJ
stantlal amount viii ultimately event
uatc from current conversations. J..
bendiX, financial adviser of the German
government. is reported to be taking
an active part in these negotiations.
lie has been in Washington This week
to confer with Administration officials
on the situation
The reciprocai arrangements now be-
ing, discussed between the New York
Fedora Reserve Bank and the Rcchs
bank. according to the latter's CORE
stondents here. will have no bearing
upon the existing relations of the
Re'chsbank with private bankers. They
pointed out yesterday that the Federal
Reserve Bank was agent for the Bank
of England. but that J. p. Morgan G.
Co. were recognized as the fiscal agent
OF Great Britain here.