Evening star., 1922-08-08
P0|NCARE DEMANDS
JOINT ALLIED GRIP
ON GERMAN TRADE
French Premier's Plan for
Collecting War Debts Given
to London Farley.
By the Associated Press.

BY the Associated Press.
| LONDON. August 8.-Drastic meas
ures Of financial control in Germany
are provided for in Premier Poincare's
draft of the conditions under which
| France is willing that the reich shall
| have a moratorium until the end ot
the present year.
The conditions. which are to be con
| sidered by the financial committee OF
the allied conference today, are ex.
pected to include exploitation of the
German customs. mines. railroads and
forests. control of the Reichsbank and
| the German banknote press and super.
| vision of foreign currencies, as well
as exports and imports. All these
would be under the active control OF
international committees sitting in
Berlin.
German industries would have to
surrender to the allies 26 per cent
and. in some cases, much more of
ure to enforce compliance, the occu-
patton and expropraition Of the Ruhr
coal field would be kept in reserve.
An indication of the attitude the
British may take toward these pro-
posals is given by the Daily TeIe.
graphs diplomatic correspondent, who
says a British diplomat remarked
that 1t would require the 'enthrone.
ment Of Jove in Berlin" to insure thei,
execution. The financial experts
headed by Sir Robert Horne, took ur
the study today of the proposed dras.
tic measures. At 1 o'clock the ex.
perts took recess for luncheon with
out having completed their labors.
1t seemed doubtful early this after
noon if the full conference of the al
lied leaders, headed by Prime Minis
ter Lloyd George and Premier Poin-
care, would be reconvened today.
Demands Not Final
After lunch the French and British
premierS had a long conversation al
the French embassy. Premier Poin-
care later called on Premier Theunys
of Belgium.
The French premier. it was learned
being considered by the finance min
listers. as his final word"
is this your unalterable proposal?'
Mr.. Lloyd George asked toward the
conclusion of yesterdays meeting.
No; l do not bring it forward as
such" NJ Poincare replied. 1T is a
series Of measures to be discussed
subject. of course. to change"
If 1t were not so." MIR. Lloyd George
added. 1T would be of no use to refer
1t to the experts"
1t is upon that understanding, ii
was said today, that the finance min
listers and associated experts are ex-
amining the plan.
Examine French Proposals.
The allied statesmen yesterday de.
voted five hours to an analysis of the
hAt
Britain, France, Italy and Belgium
The conference terminated in the ap.
pointment of the committee, composed
OF the finance ministers of these
countries. which examined into the pro-
posals made by Poincare.
The appointment Of the committee
followed a proposal by David Lloyd
George, the British prime minister
to grant a moratorium to Germany
which would terminate at the end OF
the present year, and the outline by
NJ. Poincare of measures which
France considers should precede any
further alleviation of German obli.
cations.
"France has no objection to 6
moratorium in principle" said NJ
Poincare. He then outlined the plar
which he indicated would be salts
factory to Frances requirements.
Every sanction" Mr.. Lloyd Georg.
SPAASub ohodAu bS SohsioSL GU dS ~
whether 1t will result merely IL
trouble or in hard cash"
MrI Lloyd George discussed NJ
Poincare's proposition in detail an(
said expert advice should be invited
before the ministers said yes or nc
to it. The question Of referring the
matter % a committee was unani.
nous.
The French, British, Belgian an6
italian spokesmen during the session
painted gloomy pictures Of their war.
ravaged countries and consequent
chaotic trade conditions.
Mr.. Lloyd George In BRIEF addres:
opened the conference. He said the
British government favored awaiting
| the report of the reparations com.
mission before completing an allied
| meeting, but that others had thought
| the circumstances necessitated Ar
immediate gathering.
Poincare Against Moratorium.
M Poincare said the question hat
been asked why France did not dis.
arm. France" he said, "is not yet
guarantees originally given her have
| not been carried out"
He added that new taxation In
France was impossible.
"a moratorium should not be giver
Germany" NJ Poincare said In con
Clu8lOn, uulCSS Oil ChSbtfNS 6oA al
| tee is given by her to the allies"
"France has not asked those of heI
allies who borrowed from her to pay
while France has been reminded by
her creditors that they desire pay
referring to the threatening finan.
ciai situation in France, he said
s.Lioyd George has said we must not
press Germany to despair. say te
you that we must not push France
10 extremities. We do not desire te
ruin Germany, but we want to save
ourselves from ruin"
The French premier complained
that France must continue to pay fol
the restoration of the devastated
provinces unless Germany does.
Reviews War Debts.
When the conference reconvened fol
| its afternoon session Premier Lloye
| Continued on Pags 2. Column 81
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