New-York tribune., 1922-12-01
Preniers' Debt
Farley Set for
London, Dec. 9
Final Decision Awaits Reply
of Mussoliniand Theunis;
Britons See Brussels Ses-
sions Delayed Until 1928
Poincare's Plan Is Ready
Bonar Law Expected to Ask
French Leader to Outline
Way to Fix Reparations
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Copyright. isa3. New York Trisuns ine.
LONDON, Nov. 3o.--The meeting OF
Allied Premlers here 20 discuss plans
for the Brussels conference has been
set for December and 10. II the date
Is acceptable TO Premisrs hussolini OF
Italy and Thsunis Of Belgium. 20 whom
invitations we're sent to-day.
British officials are quoted here as
seeing no possibility OF eonvsning the
Brussels conference on December 10
II is the belief here the sessions VIII
be postponed until early In January.
The attitude Of the Italian Premier
al the London gathering Will be I'M
nortant. because In the reparation plan
which PoineAre drew up but refrAined
from producing following the balioui
note. the Italian quota is underttood
"a have been heavily diminished. There
Re cousiderable interest In diplomatic
circles here over whether the prophet
oil the new Italian nationslism VIII
avree 20 such a reduction even II II Is
coupled with cancellation Of the Itsl-
ian debts 10 the Allies.
Outline Of Polnesre Plan
The London meeting will open. IL IL
expected, with request from bonAr
Law that Premier Poineare give com
prehensive plan for handling the whole
problem o. reparations and Allied
debts. Il Is believed Poincsre. will
present the program he devised ISst
August, which contemplate. mat the
general cancellation Of all inte:-Allied
debts and then the assessment OF Ger,
many's liability at l2o,oOO,ooO'oVo goid
marks 10000. 900. 900 TO be PAID &c.
cording 20 revised apportionmcht
among the Allies. and 100000 eco
wiped out i. Is further believed the
French plan includes the hypothesis
that 10 per cent of the hnal Germah
liability could be discharged In -FOUR
years By payments In kind:
This outline Of The .PoineAre plan
has been gathered from semi-ofieiai
sources. ns the British government has
no Official knowledge OF its existence.
Il is explained In Cabinet quarters
here the Bonar Law government has
not worked out q definite position on
the French proposals. and will enter
the conference merely IN receptive
mood toward It or another formula
that promises % solve the question.
The only Indication of Bonar Laws
attitude on debt cancellations is fur
nished In his remark that the present
does not hold itself
bound by the Balfour note-whieh II
self left latitude for remission Of a
considerable portion os the debt %
Britain.
Ruhr Issue May Not BE Discussed
The Premier's meeting as at present
envisaged will not even discuss the
Of French seizure Of the
Ruhr unless u fails 20 reach common
basis for a united Allied policy toward
Germany. In this connection there are
signs that should such an advance
come up for open discussion Lloyd
George and his followers In Parlis-
ment would range themselves along
side the LAborites In opposing Il.
II sufficient accord Is reached here
10 Justify opening the Brussels con-
ference early In January neither Mar
quir Curzon, Foreign Minister. nor
Stanley Baldwin, Chancellor OF the
Exehequer, will be able 10 attend. The
former probably will be still AZ Lau.
same and the Chancellor Intends go
ing 20 Washington for the debt re-
funding discussions without regard TO
the Brussels pArley. Bonsr Law will
be the chief British delegate az Brus-
sells. but the others have not bean
chosen.
Whether the Germans will be asked
20 send representatives 20 attend At
least a part Of the Brussels gathering
will depend on the outcome Of the
PREMIER talk here. Il is doubtful II
the United States will be invited 20
send an observer, since the view Is
taken In some Official circles here that
the American policy on debt esncells-
tion preeludes immediate interest in
Washington in European finance.