The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1923-01-12

DREMIERs of the allied nations, in
session IN Paris last week, absolute
~ failed to reach an agreement on nd
tustment Of the German reparations,
and ON Thursday the conference broke
up. leaving France to net alone as she
may see fit in the matter of enforcing
payment from Germany.
Bonur Law and poincare submitted
their respective plans. and after two
days Of heated controversy each de
clared the program of the other was
unacceptable. The British prime min
lister was the more emphatic in this
declaration and 1t was he who abrupt
ly created the final rupture. stating
that II was useless to continue the
discussions The British delegation
left for London Friday morning Thus
the entente cordiale was finally
smashed.
Premier Poincare Immediately
called Marshal Foch, General Wey-
gand and the cabinet members 10 a
meeting to discuss Frances plan for
isolated action. Whatever she does
VIII probably have the moral support
Of Italy and Belgium. for the compro-
mise plans offered by those countries
were much nearer To the French pro-
gram than to that of <ireat Britain.
Italy, in fact, joinee With France in
fatty rejecting Bonar Laws propos-
als.
The British and French plans may
be summarized thus as to their more
important provisions:
British proposal
Reduction of German reparatious to
s12.5o0. 100000
-Four years full moratorium, with a
graduated scale of payment after that
and opportunity for Germany TO NEE.
its obligations by loans and deliveries
of materials.
Cancellation OF all debts owed by
France, italy and Belgium to Great
Britain except such as could be paid by
allied gold deposits now held In Lon
don (about S250,O00ooo) and portion
le German first series bonds TO be
issued as security for reparatons.
Demands Germany stabilize credit
under allied control.
Opposes any forceful measures I'M
less Germany shows unwtllineness to
meet the new terms.
French proposal
Preparations must stand as fixed at
s33, 600. 100000, but the French are will
ing to cancel the present German &C.
bonds, amounting to S205o0, 100000, If
that sum is written off the interallled
debts.
Two years moratorium on cash pay
ments, but insist payments in materials
must go on.
Guarantees amounting to s250,ooO.-
600 a year by collection of coal tax,
and export and Import duties on Ger
man products. These collections would
be made by an allied commission head
ID by a Frenehman.
Military occupation Of Essen and
Bochum.
Mr.. Bonar Law followed the formal
presentation of his plan with state
ment In which he said: You can get
certain amounts of money by taking
immediate possession of Germany, but
you cannot take over Germany and re-
establish her financial stability. The
allies have reached point where they
must choose between these two meth
DDS. They cannot have both. This is
not political question; II is bust
ness question. You can get certain
amounts from Germany IL sou take
possession Of her, but you cannot take
them and re-establish German credit"
He concluded ut Is often said that
the British have selfish Interest In
the restoration Of Germany because we
do so much foreign trade. II is my firm
conviction that, from a purely selfish