New-York tribune., 1922-10-12
France Protests British
Scheme. Which Includes
Moratorium With Plan
to Take Over Finances
Crisis Expected to
Develop by Friday
German Currency Rallies
as government Acts, but
Further Reaction Is Seen
BY Wilbur Forrest

Copyright. 1922, New York Tribune Inc.
PARIS, Oct 11.-Another repara-
lions crisis, which began to bud yes.
ferday with the resumed sessions of
the Reparation Commission, promises
TO bloom within few days, possibly
on Friday.
The commission met to-day to dis
euss measures to save Germany from
bankruptcy in view of the rapid de-
cline OF the mark and the consequent
ascent of internal obligations. The
Allies are unanimous as to the need
for strict active control of Germany's
finances at once, despite the half-year
moratorium granted in August. An OBJ
stacle, however, was disclosed to-day in
connection with the British viewpoint
on this operation.
Sir John Bradbury, the British MEM
ber of the commission, explained to
his colleagues to-day the new plan
drafted by London, which calls for in
ter-Allied control of German finances.
and as counterbalance cash mora
d.
This drew protest from Louis Bar
thou, French member of the commits
sion and the president of the body.
n. Barthou will talk with Premier
Poincare tomorrow and the commits
sion Will meet again on Friday.
Governments May Make Decision
No doubt the commissioners will he
called upon to refer the question
raised BY the British delegate and the
protest thereon to their respective
goyssanents.
Ms French attitude is understood
% y that the Allies must assume con-
Mol q aae entire financial administra-
aea Germany, but not at the ex-
leassd permitting the Berlin govern
.1.a 4sM 70 Walve cash payments for
iasa iaassea1!y-four ! months from January.
EsA Because Of Belgium priority
rance agreed to the temporary relief
na sssated last August, but beginning
ssin 1873 France is due te ssseive the
4 Wy actual cash payments from Ger
many to be- credited to French funds
afeady spent on the deyastated
segicns. The Bradbury plan would de-.
asQrve France of any cash from Ger
many until 1925, and the French pro-
ast, IN view of their own disturbed
financial situation is declared natural
Special Gable 10 The Tribune
Copyright, 1922, New York Tribune IN,
BERLIN, Oct. 11.--As resul+ nf
governmental measures designed to
item speculation in foreign exchange
Sne mark to-day showed considerable
recovering. The closing quotation ON
tne Boerse was $500 for dollar. In
cicatlons are that the decline mas been
temporarily halted, and a rebound NAV
days 20 :. .ei
Further Relapses Seen
In financial and official circles. how
ever, little hope is held for early
s,apil.zation. the opinion being that
.ae mark faces violent perturbations
% tne next month. Discussing the sit
Tsslon W with the Tribune correspondent
pn;ssdent p.S;s,srlessdent Gfasenapp, Of y the
As,ii,gnnasbank, ,i,na said to-day:
a...l nIe iundamental cause Of the latest
1senne was the continued unfavorabIe
;" eihlan .,a trade balance, due particularly
noa ~ sns increased imports of foodstuffs
tor tso,sased BY this years unsatisfac-
M slops. me Pr ne cause of our
r. AZ euhate M trade oa9ance, however, is
hn sue ta uhoearable burdens put upon us
avhshss n.a respite we obtained in August
~. We oolligations to Belgium must be
nss g. with the beginning of 1928.
,,,h;s,!e hG;es,nnoence abroad in Germanys
( sSs9l.'s5 sss;.. has been badly shaken by the
Ny ss,.s OF violence pursued by our erst-
s enemies. Until now Germany
nspeeh able to meet her reparations
sssnts by selling paper, marks
~ sssu, put this method has been be-
s'og daily more costly and uncer-
| ss Every sale of marks abroad and
purchase of foreign currency in
ssmany tends to push the mark down.
Ss'gn money coming into Germany
issspagh our export trade or brought
Z 4 travellers forms but small share
@'lgstions.. : !.
s Berlin to Limit Speculation
tE.KSLIN, Oct. II (By the Associated
a;.sssJ.--The Cabinet met to-day and
GsmSassea measures to prevent further
~ sss,g y the value of the mark. 1t was
,ssaasimously decided to recommend to
I pssse pss.aent mt Ebert that he issue an ordi-
tu,,s. limiting speculation in foreign
EIh question of issuing treasury
hess,oI a fixed value and further
ulrseres designed to sustain the
erss q the mark also were consid-
shrsn., ne discussions, will continue
ssaeut 80 next few days.
oy e, Killed in Fight
~ Sire Crowd Watches