Evening star., 1923-01-02
5OBilliOnM Marks
New Estimate
by yPoincare.
CLASS &C" BOND
PLAN REVIVED
Exacts Productive
Guarantees for
a Moratorium.
By the Associated Press.

By the Associated Press.
PARIS, January 2.-Prime Min
lister Bonar Law and Premier POln-
care appeared to be farther apart
I'm the opening session OF the
reparatiOns conference today than
they were at the end of the Lon
don meeting In December. Each
presented the carefully considered
plans of their respective govern
ments, and these were being
studied this evening I'm comparison
with the Italian plans, which en-
denvOrs to reconcile the two ex-
tremes.
PARIS. January 2.-Premier Poin-
care of France offered at today's con-
ference of allied leaders proposal
for a reduction of German repara-
tions to 0,O0o,00O,0oO gold marks.
The French plan offers a two-year
moratorium, but it exacts productive
guarantees to insure the resumption
of payments later by the Germans.
Under the French plan the class C
bonds would be used to extinguish
the interallied debts.
Approved by Cabinet.
The French cabinet in a two-hour
session this morning under the chair
manship of President Millerand
heard and approved the reparations
plan which Premier Poincare will
submit to the premiers' conference.
Premier Poincalre held a preliminary
conversation with Prime Minister Bonar
Law at the Crillon Hotel this morning.
They discussed the near east situation
and the reparations questions
Although the visit was characterized
as a courtesy call, M. Poincare re-
mained at the hotel for thirty-flve min
utes. Lord Curson Joined the ministers,
spending. twenty-five minutes with them.
He left later to take train for Lau-
same.
Unite Against Turks.
1t is understood that the premiers
agreed that France and Great Britain
should maintain a united front at the
near east conference in the face Of the
The Germans made formal request
today that Karl Bergnann be permit
ted to make an oral statement before
the premiers on the new German
propositions.
Premier Poincare was expected to
make a full statement Of the French
viewpoint at the opening of the con-
ference.
DR.. Bergman left The Hague this
morning and is due to reach Paris
Request Likely to BE Ignored.
There seemed little likelihood, as
the meeting of the premiers was
quest for an oral hearing would be
granted, as the allies are generally
of the opinion that a written propo-
sition is far better than an oral
presentation, because the terms are
more precise and can be referred to
in subsequent discussions.
French circles interpreted the re-
quest as an attempt to feel out the
allies.
Prime Minister Bonar Law saw Mar
quis Della xTorretta, head of the
Italian delegation, after the prime
ministers conference with Lord Cur
zon on near eastern affairs was over
The British premier and the Italian
delegate discussed the italian repara-
tions plan for half an hour. The mar
quts said Italy was most anxious
there should be unity in the decision
reached, and that Italy accordingly
was ready to meet any proposals half
way.
American Observers Arrive.
Myron T. Herrick, American am
Paris from Cannes, and, with Roland /
w. Boyden, the American representa-
tive with the reparations commission,
will watch Developments closely dur
keep Secretary Of State Hughes well
informed of the progress made.
Although the United States Is with !
out an observer at the premiers'
meeting. it is in close touch with the |
French foreign Office and the visiting
delegations and will be kept informed
through the usual diplomatic chan
nels and the reparations observers, so
that the State Department, in ac-
cordance with the instructions given,
will be able to follow events closely.
1t is reiterated today that, although
the attitude of the American govern
ment would be one of watchful wait
ing, any definite indication that the
conference was breaking up might
provoke some expression from Wash
ington.
1t was said in American circles just
before the opening Of the conference
that the Indications were some COM
promise would be reached, preserving
the allied accord on reparations.