San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-03
Abrupt End Of Conference
Is Freely Forecast in
Paris.
ALLIES ARE AT OUTS
French Claim British Plan
for Reparations Too
Liberal. \

gloom 1t the foreign office this morn
ing was as deep or deeper than last
night. An abrupt end of the prcmiers'
conference was freely forecast. Doubt
was expressed that the statesmen would
even decide TO hold anther conference.
The British plan for the solution of
the reparations problem is regarded by
the other conferees as impossible. and
it is thought that it cannot serve as the
basis for the discussion.
Premier Poincare, it was understood,
had decided TO break up the conference
at once if the British insist tina, the
conversations focus on their proposals.
The French premier seemed to feel that
he would obtain full endorsement of his
stand by the cabinet at its meeting this
morning.
The confereeS, as lie Matin remarks,
in showing their full hands ut the open
ing session yesterday proceeding
never adopted at previous conferences
have made it exceedingly difficult TO
bridge the vast gulf between the Brit
ish proposals and those OF the French
and Italians.
Plans Radically Different.
The British We're understood TO have
proposed a cancellation Of the plenary
| session in order that a different plan
might be sent 10 the cx,crts and COM
mittees. but Premier POincare opposed
such a step. He believed that the plans
were so radically different that they
insult be debated in the full light of
day. Consequently, the session set for
this afternoon was expected TO assume
| capital Importance.
! There were some diplomatic circles.
| however, which still believed cOmpro-
mise might be reached In these quar-
] tiers it was observed that there would
be no rupture with Great Britain, but
rather a separation of policies. In such
| an eventuality, French opinion is con-
| fidcnt that il Mr.. BOnar Law is UNI
willing TO abandon his own plan he will
| at least not hinder the progress of the
French proposals.
Asks Papers to Keep .luiet.
The British prime minister begged
the correspondents TO keep calm and
not aggravate the conference divergen-
eies By INDUCING in political comment.
The French press, at least. complied,
with the result that the newspapers are
moderate in their reference TO the out
look.
The journals are. Of course. unani-
nous in declaring that the British plan
cannot be accepted. lie Matin sums
up the views Of all when it says: "The
moral which energies from the first
shock of the rival views that there can
be no understanding without mutual
concessions, but the plan brought by
Mr.. BOnar Law TO the conference yes
terday represents a notable withdrawal
from what other ministers have sug-
gested in the past
The British plan would provide that
the existing series of class A, Il and T.
bonds be cancelled, Germany to issue
to the Preparations, commission two series |
of new bonds, the first series would |
amount 10 J0.000,000,000 gold marks !
to be issued at once. repayable at par |
on December 81, 1854, it bearing inter !
est at the rate of per cent per an
mum, payable half yearly, the interest !
TO be suspended in its entirety for the |
first four years and to increase to the |
extent of / per cent per annum for
the next tours years until Janu-
airy l, 1881.
Second Series Of Bonds.
"The second series of bonds, TO
amount to 17,310.0O0,000 gold marks.
on the bonds o. the first series, COM
pounded at ; per cent to April !, 1898.
on such lesser amount, il any, as toe
arbitratal tribunal provided may deter
mine
III. ,,l,, ,,ro,;Io, =, ,;o,,, ....;..s,, !
cies, as. for instance, sliding scale
at which the bonds may be redeemed,
beginning at 80 on December 81. 1923.
md rising thereafter to GS on Deem
Der 81, 1926. then increasing BY one.
half per cent semi-annuall, to par.
Thus Germany would be given induce
nent to take up the bonds before ma
urity.
The proposal would be offered TO Ger
many upon the condition that she sta
pilize the mark in accordance with
he recommendation contained in the
ma jority report of the foreign experts
consulted by the German government in
November last, and restore budget eQui-
ibrium within limits of line to be pre-
cribed Csay six months for stabiliza-
ion and two years for b. dget refOrm)."
Ntuiu Dt EtVulItu u uCtPIl
financial supervision under n foreign
nance control" sitting in Berlin, this
Ody to consist of members appointed
v Great Britain. France. Belgium,
tally and two other members of Amer
FAN and neutral European nations, re-
pPctively.
The German finance minister would
2 chairman of the council without the
ight of vote except i'm he case of n
ie, and would he required by law to act
non the councils advice in "alI matters
ffecting. first. currency legislation; sec
nd. the budget, fiscal legislation and
ublic expenditures: third. fhe gene. 81
-easury administration. and. fourth.
nanciaI prohibitions and the control
foreign remittances."
II Germany fails to satisfy "the su-
cruising authority" the Allied powers
may unanimously decide upon such
after as may be necessary, including
,rcible seizure of the Germany revc-
ues and assets and military orcuna-
on of German territories outside the
listing zone of occupation"
All other proposals for the taking
pledge. and "the application Of sane
Dns otherwise than provided for above"
e II be- abandoned By the Allies upon
ermany's acceptance Of the plan.