The New York herald., 1922-07-21
GERMANY ACCEPTS )
FINANCIAL CONTROL
!. During MORATORIUM
Finance Ministry Agrees to
Terms Of GUARANTEES
Committee.
BERLIN EXPLAINS MOVE
Declares Supervision Only
Is Embodied in
Proposition.
TWO AGENTS TO ACT
Will Examine Expenditures,
Receipts and Budget.
Matters.
TWO AGENTS TO ACT

PARIS, July 20 ASSOCIATED Press).-
The German Minister of Finance, in
the name OF the German Government,
has accepted certain measures Of con-
troll over its finances suggested by the
Committee on GUARANTEES of the Repa-
rations. Commission, according to a
communication issued by the latter
board this afternoon.
The communication recites that the
Committee on Guarantees was in
structed to negotiate with the German
Government respecting the control to
be exercised by tho committee over re-
cejpts and expenses, the floating debt
and the export of capital.
OmciaI Announce inent.
The result Of these negotiations
says the note. was embodied in series
Of documents which were handed by the
committee to the German. Government
July IS at the Ministry of Finance. The
Ministry of Finance, in the name of the
German Government, gave it's adhesion
to the measures contained in these
documents. Written confirmation of the
acceptance is expected hourly by the
committee"
The report of the committee on guar.
antics, which 1t had been expected
would be handed in to-day, will be pre-
sented the frst Of, next week. &
BERLIN, July 20 tAseociated Press)..--
Thu of7iciai announcement that Germany
has consented to the establishment oi
financial supervision" Of her household
pfoy0kes ,oniy mild enthusiasm among
the newspapers supporting Chancellor
Wirth, but official quarters which con-
sented to discuss the arrangements en-
tered into with the guarantee committee
OF the Reparatiops Commission to-day
permitted the impression that Germany
had made the best OF bad bargain.
At the Ministry of Finance 1t was
denied that the agreement amounts to
active control" The process agreed to,
according to- official Information. Will be
rather insthe nature OF Supervision" to
which the German Government couio
not have any serious or well founded
objections. inasmuch as 1t has nothing
to conceal regarding the condition oi
the budget or other financial issues
Keep Delegates I'm Berlin.
I'VE have not agreed to anything
tantamount to financial guardianship or
indefinite control which would be in
compatible with our dignity as state
which we still consider we are" Sec
retary Of State Schroeder said In dis
cussing the negotiations with the guar
antee committee. Incidentally he In
dicated the German Governments ac-
ceptance Of allied supervision was
agreed to on the assumption that Ger
many would be granted an adequate
moratorium and that the Entente
watch over the German cash register
would continue only during the period
the moratorium was in force.
Under the present agreement the
guarantee committee will station two
chief delegates in Berlin. They will
occupy offices outside the Government
buildings and carry on their supervisory
activities through an exchange of writ
ten communications. To this extent
their physical limitations are prescribed,
although they will be permitted to dis
cuss orally for elucidation any issues
that may come up.