The New York herald., 1922-08-19
Will Determine if Germany
Can Mobilize Securities
for f12, 100000 Loan.
MUST MAKE PAYMENTS
Believed Allies Will Discuss a
General Repasations Settle
ment Later.

~
BRUSSELS. Aug. IS tAssociated
Press. The Belgian delegate on the
Preparations Commission, in agree
ment with the Belgian Government,
win vote against granting morator-
ium to Germany, which accordingly
will be refused by the commission.
E. The commission then will give Ger
many some days of respite for the
payment of the 5o.oo0,00o gold marks
due August Is on>> debts of allied ma
tionals. During this time the COM
mission will discuss the facilities for
payment that are to be accorded Ger
many.
> PARIS, Aug. Is ASSOCIATED Press).
The Reparations Commission is to
send to Berlin on Saturday delegates
TO confer directly with Chancellor
Wirth and other officials on the repa-
tations problem. The delegation viii
consist of Sir John Bradbury. British
member of the Reparations Commits
sion; Eugene Mauclere, president of
che allied committee on guarantees,
and two experts.
. Would Pave Way for Loan.
:. One of the chief purposes of the Ber
lin conferences is to determine whether
Germany can mobilize sufficient secur.-
sties to float loan of 2.ooO.0 900 to meet
The remaining cash payments this yea.
The commission believes that If ade-
squate collateral can be found interna-
'tional' bankers wonld arrange the loan
= With such loan effected the Repara-
tions Commission would be able to avoid
the question of moratorium for a
least six months, and the feeling is gain
ing ground that 1T the end of this tim,
fhe allies would te ready to discuss a
general reparations settlement in con-
nection with reduced indemnity ana
cancellation Of war debts. 1t is known
that Sir John Bradbury is very hope
ful that some compromise can be ar
ranged with the Germans. eth er
Through the suggested loan or by means
Of additional guarantees.
er Sir Jonn and his associates are pro-
ceeding to Germany with the full con-
sent of Premier Poincare, who is show
ing oagerness to settle the crisis within
fhe Reparations Commission. provided
French insistence on more guarantees
gan be met. The reparations problem is
likely to remain In suspense for at least
another ten DAYS or two weeks. accord
ing 10 the length of time IL fakee SIR
John Bradbury and the other delegate
to complete their inquiry into Berlin.
Success OF Loan Uncertain.
The Reparations Commission how
ever. has warned the allied Governments
that the chances for failure of the mis-
sion are just as great as they are for
success. especially since the recent fall
IN the mark
1t was definitely stated to-day that
there was no intention for the present OF
calling together the international com
mlttee OF bankers. the bankers having in
dicated that at present Ii would be futile
even TO consider a large loan and that
q smaller loan. therefore. would have to
be arranged from other sources. Mem
bers Of the reparations commission feel
that they lost their market for a large
loan last April, when the bankers met
and that the opportunity for a loan is
growing less daily, due TO the constant
drop In the value Of the mark and the
consequent uncertainty OF the German
political situation.
The aim Of the commission is to ar
range a compromise OF the situation
which, will permit of the allies meeting
late in the year for a full agreement
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