The Omaha morning bee. [volume] (Omaha [Neb.]) 1922-1927, 1922-12-08

to Decide
on Policy
Conference in London Regard.
ed as Last Attempt to Reach
Agreement on Repara-
tions Question.
British View UNCHANGED

Paris. Dec. 7.-tBy A. PHPremier
Poincare will leave Friday for London
to attend the conference of allied pre-.
miers which is regarded by many here
as the last great effort Of the entente
to reach an agreement on Germany's
reparations bill before France sets out
Independently to collect in its own
way.
The meeting is looked upon In many
respects as the most important since
the armistice, involving as 1t does the
continuance of friendly cooperation
between France and Great Britain. A
lesser. but none the less important
factor, is the prevailing impression
! that NJ. Poincare S political existence
is at stake in the policy for which the
proposed Brussels financial conference
stands.
French optimism over the makeup
of the new British government has
given way lately to feeling of pes
simsm in view of certain definite in
dications that Premier Bonar Law
holds to substantially the same views
on reparations as did Mr.. Lloyd
George.
| lOuS CdtOtU.
Although the British have disclosed
no stated policy since the resignation
of Mr.. Lloyd George, Premier Bonar
Law seems to agree with his predeces-
sor that Germany should be given a
long moratorium from cash payments,
that the total of the indemnity should
be reduced and that no military meas
ures should be used in attempts to
force Germany to pay.
NJ. Poincare's much discussed plan
of settlement is expected to be placed
before the present meeting, but it ap-
pears that he will reveal it only in its
broad outlines, reserving the detailed
plan for the Brussels conference.
However it is learned that the fol-
lowing definite proposals, while not
constituting the plan. will probably
guide the French in their arguments
in London:
1. No moratorium to Germany
without the surrender OF productive
guarantees, such as mines and forests.
Wants Percentage Revised.
g. Reduction OF the German In
demnity to. from 40 900, ,0o0. 900 to $780,
900. 100000 gold marks. only on con-
dition that there be a parallel reduc.
ton in the French and other allied
debts. -
3. Revision of the percentages OF
the German payments in favor Of
France. France at present is entitled
to 80 per cent but would claim Great
Britain's % per cent in return for fix
ing the indemnity at the suggested
amount
4. When the voluntary default Of
Germany is definitely established or
when Germany refuses to carry out
the financial reforms of balancing its
budget and stabilizing the mark, PEN
alties would he imposed. These would
increase the extension Of the allied oc-
cupation OF the Ruhr so as to permit
customs Gordon around that terri
tory and the economic exploitation and
the administration of the Rhineland.
Clear Understanding Necessary.
On the other hand, backed by Italy
and Belgium they hold that it is USE
less to convene the Brussels meeting
unless there is a clear preliminary un-
derstanding on certain points which
NJ. Poincare would leave for consider
alton at Brussels.
These are the fixing Of a reasonable
sum of indemnity and the method of
it's payment, redistribution of the pay
ments among the allies, cancellation
of the allied debts so far as possible
without affecting America, methods
by which Germany's finances can be
restored under allied control. and the
raising OF a loan for Germany.