Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1923-01-04
.PREM|ERS' FARLEY !.
ON DEBT SITUATION
IS OPENED IN PARIS
French Offer of Reduction of
German Indebtedness Pro-
vides Drastic Guarantees
Unacceptable to England

PARIS, Jan. 3.-(By the Associat-
ed Press Prime Minister Bonar
Law and Premier Poincare appear
ed to be farther apart in the open
ing session of the reparations con.
ference Tuesday than they were at
the end of the London Meeting in
December.
Each presented the carefully con-
sidered plans of their respective
governments and these were being
studied this evening in comparison
with the Italian plan, which endea-
vors to reconcile the extremes.
M. Poincare announced to the con-
ference the French government
would agree to scale down Ger
many's reparations to fifty billion
gold marks. subject to- several limi-
tations.
This round sum comprises twelve
rations bonds and S8.000,000,000 in
Glass B bonds, already executed BY
the German government.
The Glass C bonds, totaling 81
900, 100000 gold marks, would be
put aside for the extinction or adj
justment.
year moratorium, but meantime the
allies would take over productive
guarantees, notably the mines, for,
ests, and state properties ON the left
bank of the mime, and part of the
mines in the Ruhr valley. Taking
possession of these productive re
sources would be by civil. and not
military procedure and To- these Ger
imam goveTnme would be required
to agree.
England's Plan
Mr.. Bonar Law Immediately after
M. Poincare had outl. / the French
proposal, brought forward the Eng
lish plan, which is understood to be
widely divergent.
Marquis Della loretta then pre-
scented the Italian scheme, which
has been revised since it's first pub
LEGATION and is now described as APP
preaching the French view more
closely than it does the British.
The Belgian delegates adopted thu
role of listeners only at the first
meeting.
The delegates m promptly at
2 o'clock. After hearing the three
plans outlined, the conference decid.
ed to issue them for publication,
and adjourned until tomorrow after
noon at o'clock.
Premier Poincare held a, prelimi-
nary conversation with Prime Min
lister Bonar Law at the CriIIon hotel
this morning. They discussed the
Near East situation and the repair.
atoms questions.
Lord Curzrn later joined the min
listers. He left later for Lausanne. \
1t IS understood that the pren1iers@
agreed that France and Great Britt
ain should maintain a united front
at the Near East conference.
Prime Minister Bonar Law saw
Marquis Della loretta, head of the
Italian delegation of the prime min
listers conference with Lord Curzon
on Near Eastern affairs.
Herrick Present
Myron T. Herrick, American am
bassador to France, has arrived in
Paris from Cannes and with Roland
W. Boyden, the American represent
tative with the reparations commits
sion, will watch developments close
ly during the premiers' conference
and 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 visit
ing delegations, and will be kept in
formed through the usual diplomatic
channels and the reparations OBJ
servers, so that the state depart
ment, in accordance with the in.
structions given. will be able to fol-
low events closely.
1t was reiterated today that, al.
though the attitude of the American
government would be one of watch
full waiting, any definite indication
that the conference was breaking up
might provoke>some expression from
Washington.