Perth Amboy evening news., 1923-05-02
GERMANY MAKES new
PREPARATIONS OFFER.
ARBITRATION URGED
Berlin Reparations Proposals
Include That PIan-Agree-
ment is Sought
( OBLIGATIONS OUTLINED
Makes Offer Without Desist-
ing From German Program
of Passive Resistance

BERLIN, May 2.-(By The Asso-
ciated Press)-Germany, in her re-
parations proposals submitted to-
day, advances a proposition that Sc
surity as between France and Ger
many be attained by an agreement
to submit any further conflicts to
arbitration or other reconciliatory
processes.
The German government, says the
tote, is prepared, as was its inten-
ion in proposing the conclusion of
Rhine pact, to accept any agree
uent calculated to secure peace
ased on reciprocity.
The German government, it adds,
prepared to accept any agreement
inding on both Germany and France
o submit all conflicts which cannot
,e settled in the usual diplomatic
Vay to some kind of peaceful inter-
.ational procedure, that is to say,
JUDICIAL conflicts TO arbitration and
III other conflicts to a reconcilia-
ION process after the example of
he Bryan agreements"
(These agreements are the series
Il arbitration treaties negotiated by
s iecretary of State Bryan during the
wilson administration with Great
Britain and other foreign govern
nents.)
Germany's latest reparation offer
proposes that the sum total of her
obligations in cash and kind under
The Versailles treaty be fixed at 30,-
D00,00O,000 gold marks.
The German governm ent in a note
made public here today, simultane-
ous with its receipt by the entente
and Washington governments, pro-
poses that twenty billions of the to-
.al be raised before July /, 1927 by
bond issue at normal rates of in
terest on the International money
market. Five billions would be rails
I'd before July 1, 1929. in the same
manner, and the remaining sum sim
larly before July l, 1881.
The note asserts that Germany, in
accordance with existing treaties,
will also make payments in kind
which are to be credited to her ac-
,ount. The note expresses the gov
srnment's conviction that the new
proposals represent the utmost limit
Of Germany's capacity to pay, and
expresses grave doubt as to whether
the offer does not exceed her ability
in view of the heavy dislocation and
weakening of the Reich's economic
organization caused by the RuEr oc-
oupation.
In case the creditor governments
do not share Germany's belief that
no unprejudiced part could arrive
at higher estimate in view of her
general condition, the Berlin govern
ment proposes that the whole repair
ations question be left to the decis-
ion of an international commission
free from every political influence,
as suggested by United States Secre-
tary of State Hughes.
The note asserts that Germany is
making her offer without deSisting
from her program of passive resist
ince, which will be continued until
he areas occupied in excess of the
stipulations of the Versailles treaty
ire evacuated, and until conditions
On the Rhine are restored according
% the terms laid down in the Rhine
and agreement.
The note stresses the difficulty of
,rriving at a tangible basis for COM
,uting Germany's economic and fl
lancial capacity in her present sit
ration, and it declares every solution
must be sufficiently elastic to take
his condition into consideration.
1t should Furthermore be noted,
Iays the document, that Germany,
,wing to the lack of surplus profits
rom her own products, will in the
near future be unable to raise any
arge amounts of capital from her
own resources, and that consequent
she needs foreign loans which,
however, can only be obtained when
German credit is restored.