New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-24
London Farley
On Berlin Debt
Set for August
French British Conference
May Include Belgium and
Italy, and II Will Be
Held Early i'm the Month
Poincare to Attend
Premier Will Retain Full
Freedom of Action, but
a Crisis Is RECOGNIZED

PARIS, July 23 (By The Associated
Press).-A conference between David
Lloyd George, the British Prime Min
lister, and Raymond Poincare, the
French Premier, to discuss the ques-
ton of moratorium for Germany
has been arranged for early in August.
1t is expected that the conference will
assure the proposition of meeting
of the Supreme Council, as it is rer-
orally understood here that Belgium is
sure to be represented and il the
Italian Cabinet crisis is solved in time
that Italy also will, have delegates
present.
Realization that the reparaton cues
tion has reached a decisive crisis is
held responsible in French circles for
Premier Poincare overcoming his Oft
expressed aversion to supreme coun-
ellis and his decision to have the matter
OF German moratorium discussed be-
fore the first Supreme Council he has
agreed to attend since he was called
to the Premiership.
Decide Fate at London
The fact that M. Poincare will be ac :
companied to London by Minister Of
Finance de Lasteyrie and Count
Peretti de la Rocca, Director CT
Political Affairs at the Foreign Office,
as we'll as several technical experts
from both the Foreign Affairs and
Finance ministries, and the Premier's
acceptance of the invitation to meet
Lloyd George without awaiting the de-
cision of the Reparation Commission
on the moratorium question are re-
garded here as significant that the fate
of the German moratorium is more
likely to be decided at London than
Paris.
That M. Poincare reserves full free
dom of action for himself at London is
explained in semi official note issued
at the Foreign Office to-day, saying
that the Prcmier's letter to M. Dubois,
head Of the Reparation Commission, on
July 10 has been enormously inter-
preted in some quarters as containing
the Constructions of the Freoch
Premier on the moratorium question to
the French representative on the Repa-
ration Commission" The note says in
part:
"1t is true that M. Poincare ad-
dressed letter to M. Dubois on that
date, but the document only expressed
partially the ideas of the President OF
the Cabinet, who at the time he wrot,
1t was not even in possession of the
report of the committee on guarantees.
Note Not Final Opinion
"Under those conditions the note
of the chief of the French government,
which will only be made up after the
government has taken cognizance of
all written and verbal reports sub
mitted by the committee"
The report of the guarantees COM
mittee is not yet ready, but M. Maui
clere, president of the committee,
showed M. Poincare draft of the re-
port last night. 1t was after reading
it that he wired Premier Lloyd George
he would be ready to meet him August
l. The report will be, handed to the
Reparation Commission the middle of
or end of this week, and the decision
of the commission is not expected be-
when, according to the present plan, M.
Poincare will be in London.
To-day's semi official note does not
mention what further suggestion the
French intend making at London, but
it is learned the French viewpoint now
is that before longterm moratorium
is granted to Germany supplementary
reforms and additional guarantees
should be demanded, Such reforms
might be adopted and guarantees given
with but a very short delay, necessi-
tating the suspension of one or two
cash payments only.
The effect of reforms and guarantees,
added to the results expected from new
finance control to be installed in Ger
many by the guarantees commission,
the French hold, would insure the float
ing and placing of German foreign
loan. Such loan, providing important
resources for the restoration of the de-
vastated regions would then permit of
the granting to Germany of a pro-
longed cash moratorium.
tion are to be discussed in London. The
French are reported to favor, first, can