Norwich bulletin., 1922-12-11
POinCare Takes , m StandonRep1 ; lions France to Dem, occupa-
 ton of the Rus Guaran-
 tee for Moratorium for Ger. man.

London, Dec. 10 (By the A. ).--The l possibility of the four prem;ers reaching l an agreement which will enable the Brus- i sels conference to assemble With any l prospects of success seems tonight to | hany on an extremely tenuous thread. As | with all previous attempts to solve the | reparations problems. the main difficulty lies in French determination to secure penalties or guarantees of a military 1 character for the fu.fillment of German | obligations.
 | The new British government is consid- cred more favorable towards France than 1 the previous administration, but MT.
 Bonar Law has shown himself to be as | warmly opposed to any occupation Of the
 Ruhr as was his predecessor, while the Italian premier. Signor Mdssolini. still an l unknown influence in European confer 1 ences, also opposes anything except what he terms economic and productive guar ! antees.
 Premier Poincare asserted today that { France would demand the occupation of 4 the Ruhr as 8 fundamental guarantee for any moratorium. M Poineare reasserted his demand for the Ruhr after receipt of advices from Paris that his attitude in 1 London had been Interpreted in the chamber of deputies and by portion of
 
 MT. Bonar Law.
 Nj. Poincare today informed the others that France ffatly rejected Chancellor l Cuno's new proposals.
 MT. Bonar Law, on the other hand told NJ. Poincare he thought the German pro posaLs were at least worth discussing at greater length
 The chances of a settlement were any
 thing but bright tonight, since the British brine minister, with emphasis equal to
 that of. the French preInieC said that the
 occupation of the Ruhr and the expIoita-
 tion of the Rhineland would be penalties ., and not economic guarantees as the latter contended. England could not
 consent to the imposition of such penal ties, and MT. Bonar Law urged that some
 other way be found toward allied unity
 Belgium in the meantime has again
 assumed the role of mediator. Premise Theunis and Foreign Minister Jaspar are trying to discover new economic guaran- 1 tees which might obviate the occupation . of the Ruhr or the taking over of the administration of the Rhineland The ! Belgians think that this could be ar ranged by plan of participation in Ger.
 man industry, with provision permitting : the Germans eventually to get back that part taken over by the allies. German
 mines would be rented at low amount
 and exploited for reparations purposes.
 It became increasingly clear tonight that France is alone in her demands fol
 radical guarantees. Belgium is in pc. cullar position. Her financiers and eco. homie advisers are all against the Frencf
 program but the government is committed to assist France if she invades the Ruhr
 There is already talk of calling another
 conference before the Brussels meeting a:
 a means of delaying the threatend allit split! NJ. Poincar tonight made known hi views in detail on the German proposals l which he termed "treacherous" It wa reported that Karl Bergmann the Ger man expert, had communicated the pro posals of his government to United State 7ii Senator Medill Mccormick last night be fore presenting them to the British for , eign' office. This gave rise to the I'm presson that America approved them il
 principle, but Senator Mccormick denied
 this today. declaring he had only learned
 of the proposals indirectly.
 According to the German plan, the in
 ternal loan which il is hoped to fioa would be as large as possible and to tlI4 end certain inducements would be offered | to Germans to subscribe One would b . amnesty for those who have violated tn | law by sending capital abroad. Thi would encourage the return of thi
 money.
 If the loan raised amounted to thre l billion gold marks a two years morato , Irium would be granted, and for ever, t billion over that figure another yea . would be added to the moratorium. Hal the proceeds would be retained by Ger
 many for stabilization purposes and tn
 remainder handed to the reparations com mission. The loan would be exempt fror r taxes.
 The external loan to be fioated woul a be for three billion gold marks secure s on the German customs.
 2 Two plans were before the nremiers tc d day, the German. and the Italian. Tn ' former was considered by all the pre- d n1iers as too, Indefinite and has apparent s ly been rejected as inadequate
 Mir. Bonar Law has summoned a cal It met council for tomorrow. which will prt l. sumably discuss both plans and decid IS whether an additional meeting of the pr, g miers is advisable
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