New-York tribune., 1922-08-08
Parley Ends
Fear of Rift
I'm Entente

NSN'N''N-"
sailles in regard to war criminals and
disarmament. Although partial mora
torium was granted, the French pre-
nlier said that Germany, instead of pay
ing was embarking on an ambitious
program of internal improvements
subsidies and initiating currency so that
France was getting none Of the
S0,0O0,000 francs she had spent on the
devastated regions, the interest OF
which was causing a deficit in her
budget.
Must Have Guarantees
Brushing aside reports of the guar
antics committee, Poincare asserted
France could not consider moratori-
um unless productive guarantees were
| forthcoming from Germany. At the
end of his speech Poincare outlined his
program, the purport of which is given
earlier in this dispatch.
At the afternoon session Lloyd
George spent his time trying to prove
that Polncare took a gloomy view Of
the situation. AS one of the trainers
OF the Treaty Of Versailles, he said he
thought the treaty had not been word
that France had suffered most, he said
that.all the Allies had been grievously
hit, and cited the British and Italian
casualties. He quoted the Bankers
Trust Company OF New York on the
costs of the war to show that France
had paid $37 500, 900, 900, Italy S14,5O0,-
100000 and Great Britain SAC, 500 ,Oo0.-
600.
THAT is to say, we have spent as
much as France, even when the devas.
tated area is counted he declared.
Lloyd George brought out ritain's
taxation effort during the war and
said that with the pound at so francs
the British devastation amounted to
az least 50,000,000 frances. Against
the French devastated areas he bal
anced the loss to British trade saying
that while the population Of the
French devastated areas amounted to
100000, those effected by British un-
employment equalled 100000 or
100000.
Flatly Contradicts Poincare
On disarmament Lloyd George took
line flatly contradictory of Poincare.
Reviewing the material surrendered by
Germany he said:
Germany is now unable to equip
any large army. Militarily she is
PROSTATE, broken and in the dust. She
has no conscription and her navy is
destroyed"
Outlining British difficulties in pro-
ducing munitions in the early wears
of the war he said Germany couldn't
secretly prepare for offensive warfare
within thirty years. He reminded
Poincare that German payments were
now 10,oo0,oo0,000 gold marks and re-
marked from that the Germans had
made real effort.
I'VE are not bound to accept German
protests without inquiry" he said.
THE exchange is a clinical thermome-
ter which we can apply. With ex-
change 1000 marks to the pound it is
as II the thermometer registered 104
degrees of temperature for a sick man.
which is certainly dangerous"
In few words the premiers recapit-
ulated all the arguments which are IA
miliar through long repetition and
later the Belgian and Italian repre-
sentatives sought to impress the con-
terence with the perlous positions of
their nations
Or Lloyd Georges motion Poincare's
proposals were referred to committee
of experts headed by Sir Robert
orne and including the Allied finance
ministers, which will meet at the
treasury tomorrow. The real business
probably will be transacted an
Wedne 7day when the whole interna-
tional financial situation will probably
be considered.