The New York herald., 1922-09-01

Special Gable to TIE NEW YoRR HERALD.
Copyright, 1929, by THE NEW YoRK HERALD.
New York Herald Bureau.
Paris, Aug. 81.
The Reparations Commission to-day
unanimously adopted the Belgian
compromise on the reparations ques-
tion after rejecting the request for a
moratorium as outlined by Germany
until Germany institutes radical finan-
cial reforms. The compromise, how
ever, will relieve Germany from max
ing cash payments for the rest of this
year provided she can furnish GER
tain stipulated guarantees.
The decision of the commission was
accepted by Premier Poincare tonight
after he had received assurances from
the Belgian Government that ii re-
garded the arrangement as satisfac-
tory. NJ. Poincare, however insisted
that his acceptance was conditional
upon the Germans making gold de-
post that will guarantee the deferred
payments involved in the compromise
plan.
America played leading role in the
decision reached by the Preparations
Commission. Col James A. Logan, Jr..
the official observer for the United
States, without permitting himself to
be swayed either by the French or
British delegates, several times inter-
vened In the passionate debate by
pointing out that only a unanimous
and friendships. BY these appeals for
concord lie succeeded in giving the de-
bate definite turn after 4 had been
carried on for two hours without sig
nificant results. though his insistence
for harmony at the eleventh hour Gre
ated some annoyance in French cir
cles.
Col. Logan first broke his silence
yesterday when he announced his sup
port Of the Belgian compromise scheme
He pointed out that the United States
was unable to participate formally in
this debate. but indicated that prepara-
tions were under way for presenting con-
crete propositions In November.
Text OF the Decision.
The commission tonight issued tie
following text of the decision;
The Reparations Commission after
examining the new request for a mora
torium. dated July 10, 1922. and taking
into account the fact that the German
state has lost its credit, both internal
and external. and that the mark has
deprecated continuously, down TO three
-thousandtis of its normal value.
decides:
"First-To defer its decision on
the request Of the German Government
until the commission has completed It's
scheme for the radical reform OF Ger
man public finances. including (a) bal
cncing OF the budget: OBJ in the event
of the governments represented on the
Reparations Commission giving their
prior consent thereto, reduction Of Ger
many's foreign obligations In so far as
may be considered necessary for the
restoration OF her credit: (c) currency
reform: (d) the issue Of foreign and
Internal loans in order to consolidate
the financial situation.
"Second--With a view to giving time
for reparations and the carrying out OF
the measures referred to under para
graph ! above the commission agrees to
accept in payment OF the cash Install
ments falling due August 10 and Sep
tember Is. and, unless IN the meantime
other arrangements arc made. Of the
further cash installments falling due be-
tween October Is and December 81, 1922,
German Government six months treasury
bills payable In gold and guaranteed In
such manner az may be agreed upon be-
tween the German Government and the
Government OF Belgium tto which Power
the payments have been assigned). or.
in default OF such agreement. by the de-
posit OF gold in a foreign bank approved
BY Belgium"
Another Berlin Victory.
by its decision the Reparations Com