Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1922-08-08
ALLIED LEADERS
MEET. DISCUSS
ILLS OF EUROPE
Five Hours Devoted to An
aIyzing Conditions Exist
ing Between England,
France, Italy, Belgium.
(By The Associated Press,

London, Aug 7 (by the Associa.
ted Press) The allied statesmen
who are meeting here in an en-.
deavor to solve the European rid.
die, today devoted five hours tc
an alalysis of the conditions eX.
listing between Great Britain
France, Italy and Belgium. The
conference terminated in the .ap.
pointmeht of committee. com.
posed of the finance ministers OF
these countries, which is to ex.
anime into specific proposals
made by Raymond Poincare. the
French premier. These proposals
have not been made public.
The committee. in collaboration
with the financial experts. is tc
meet under the Craftsmanship OF
Sir Robert S. Horne, British chan
cellor of the exchequer at 1870
o'clock tomorrow morning. 1t will
make report to the full confer.
ence some time Tuesday or or
Wednesday, .a
The appointment of the commit.
tee followed a proposal by, David
Lloyd George. the British prime
minister, to grant a moratorium
to Germany which would termi.
nate at the end of the present
year, and the outline by M. Poin'
care of measures which France
considers should proceed any fur.
Their Aviation of German obllga'
tions.
Trance has no objection to q
moratorium in principle, 'said M
Poincare. He then outlined the
plan which he indicated would be
, satisfactory to Frances require
ments.
Every sanction" Mr.. Lloyd
George replied, should be consid-
cred, as to whether it will result
merely in trouble or in hard cash.
Mr.. Lloyd George discussed M
poincare's proposition in detail
and said expert advice should be
invited before the ministers said
yes or no to it. The question OF
referring the matter to a commit
tee was unanimous.
Mr.. Lloyd George said the Brit
fish government favored awaiting
the report of the PREPARATIONS com
mission before completing an al
lied meeting but that others had
thought the circumstances MADE
necessary an immediate gather
ing. He then invited M. Poin-
care to elaborate his view.
M. Poincare said he thought the
meeting was necessary because
two factors of great importance
had developed since the last con-
yersations in London, namely the
German demand for morator-
jun and the note of the Earl OF
Balfour concerning inter allied
debts. The French premier added
that the Versailles treaty requir-
ed Germany to pay her debts
"She actually is paying nothing
he exclaimed.
When the coference reconvened
for its afternoon session, Premier
Lloyd George said IL Germany fail.
ed to meet her obligations it would
be a matter of serious concern tt
all the allies. He emphasized that
all would suffer equally He cit.
ed figures which had been issued
by The Bankers Trust company OF
New York, which he characteriz-
ed as IAN impartial authority
showing that the French expendi-
lures on the war debt had
amounted to s37,5OO,000,000;
those of Italy $14,5Oo,0o0,o00 and
those of Great Britain $4,000
100000.
The premier argued that Great
Britain's claims to reparations
therefore were as great as those of
France He married q statement
of M. Poincare on the devastation
of France by calling attention to
the devastation to British trade.