New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-04-12
Accept All Debts, Reform
Transport, Courts and
Exchange and Protect
Foreigners, Their Edict
Mixed Tribunal
To Decide Details
Sterilization of Currency
by Each Nation Held
Precedent to Prosperity

GENOA. April II (By The Associated
Press The report Of the Allied ex-
perts meeting in London relative to
the program for the restoration Of
Russia and the restoration Of Europe,
a copy Of which The Associated Press
has obtained, embodies a comprehen-
sive scheme whereby it is hoped to
bring back Europe, including Russia,
to healthful prosperity.
This report, marked confidential, j"
was handed to-day to M. Tchitcherin,
head Of the Russian delegation, who
asked until Thursday to study the pre-
amble. 1t declares that the restoration
of Russia depends in great part upon
assistance which Russia will be able
to obtain from foreign enterprise and
capital, but insists that, without pro-
found transformation Of the actual
conditions in Russia which affect COM
merce and industry, foreigners will re-
fuse either to resume old enterprises
or begin new ones.
Must Accept Old Debts
Under Chapter /, headed "Liquidation
Of the PAST" Article declares that the
Soviet government should accept the
financial obligations of it's predecessors
namely, The Imperial Russian govern
ment and the provisional government.
This includes obligations to foreign
powers and their nationals.
Article provides for recognition by
the Soviet Of the financial engagements
of all Russian authorities, provincial
or local, and also all public utility en-
tarrriaou a nf,.oc od with othor
or their peoples.
Article 3 declares that the Soviet
should assume responsibility for all
material damage suffered by foreign
ers in consequence of the acts or negli-
gence of the Soviet or it's predecessors
Article a says that the responsibili-
ties mentioned in the preceding ar
ticles will be fixed by the mmission
on the Russian debt and by mixed ar
bitraton tribunals to be created.
Article declares that all debts,
responsibilities and obligations be-
tween foreign governments and the
Russian government since August /
1914, shall be considered as entirely
effaced by the payment Of sums to be
fixed in future accord.
The report presents three annexes
and explains that concerning guaran-
ClSS VII WHlSH OeUt Will De
treated two different solutions were
brought forward by the powers repre-
sented at the London conference, and
that no agreement was reached. These
solutions are printed in parallel COL
umns when differences occur.
Bonds to Cover Obligations
Annex / explains the duties of the
commission on the Russian debt. These
include the fixing of a constitution and
the procedure of the mixed tribunals,
also the delivery of new Russian obli-
cations or bonds by virtue Of the de-
csions of the mixed tribunals.
The succeeding annexes establish a
system for determining Russa's debt
and the proper steps for preserving
the rights of the holders of Russian
bonds, or ther obligations legally en-
tered into by Russia.
Very large powers are accorded to
the debt commission, which will be
composed Of members to be named by
the Russian government and others
appointed by the other powers, with
an independent president, who will be
chosen from the powers or designated
by the League of Nations.
After celebrating the technical de-
tails relative to the future handling of
the Russian debt, the report declares
that the Soviet Government should
promise various reforms in the ad-
ministration of justice, including in
dependence of the judiciaries and free
access to the courts by foreigners,
who should be treated on a basis of
equality.
Laws to Protect Foreigners
Further recommendation stipulate
that the Soviet permit foreigners to
enter and leave Russia in conformity
with international practice Foreigners