New-York tribune., 1922-06-08

Commission. gives not only the text
% The commissions decision, but the
text Of the question that the bankers
put, the exact wording Of which has
been a matter Of speculation. The
communication reads:
con Thursday, June l. the loan COM
mlttee requested its president to put
the following question 70 the kepsra-
tions Commission:
"sActing on your Instructions se
committee has commenced the study OF
the subject Of the foreign loan IN
trustee 70 IL BY the commission. Be
fore proceeding further, however. the
committee considers IL necessary TO ask
the Reparation Commission whether
the words Regard being had TO US
OBLIGATIONS under the treaty Of Vcr-
sailfes. and. In particular, under the
schedule of payments OF May 3, 1921,
are 10 be interpreted as meaning that
for the purpose of It's deliberations the
committee must treat the payments
prescribed by the schedule Of payments
as an unaltersble obligation subject
only 20 the power Of the Reparation
Commission from time 20 time IN. the
future 10 vary them In accordance with
the provisions Of Article 234 OF the
treaty. dr whether without, o. course,
In any way engaging the responsibility
81 the coamission) they are at liberty
10 examine the possibilities Of solu-
tions involving notifications Of these
arrangements
con Wednesday. June Z. the Repara-
tion Commission addressed the follow
ing reply 20 the loan committee:
90 fIa question addressed
orally Oh behalf OF the loan commits
t.on by rs president. the Reparation
Commission has the honor to inform
the committee that an official meeting
held this morning il took the follow
ing resolut.ou: The commission IN
tends that nothing in the terms OF ref
erence should be held TO preclude the
committee from examining any OF the
conditions which may be necessary lot
raising an external loan by Germany
including such as relate 10 the general
re.establishment Of her external credit
i,Seed. any suggestion which the COM
mittee may be able 10 offer from this
roint Of view without. Of course, en-
paging the responsibility Of the com
raission. could not fail 10 be OF the
greatest value. This decision OF the
COMMUNION MAt tNhfh - Nf"N
the British, Italian and Belgian dele
Gates voting in favor Of II and the
French delegate against 1t. The Amer
lean unofficial delegate expressed me-
personal agreement with the majority,
an making this communication ":
Delacroix stated that the chairman OF
the commission, after expressing his
regret AZ not being able 10 share the
epinion cf his colleagues, since thor
eugh examination Of the question
obliged him to maintain the opinion ne
expressed al the first meeting, had add
Cd that the decision, although only a
majority decision, was perfectly valid
and that on the strength Of the vote
the committee might continue Us IN
vest.gations within a wider scope. lie
was. moreover. convinced that the COM
mittee would do so with all necessary
discretion.
"The committee, after receiving tins
replv. decided 70 meet again tomorrow
NJ $3.50 o'clock 10 consider the position
resulting from this reply
The chairman Of the commission re-
ferred 10 in the above statement IS NJ
Dubois, the French member and presi-
dent OF the Reparation Commission.