Perth Amboy evening news., 1924-04-09

Berlin Must Accept All or
None Experts Say in
Report to Allies
PLAN IS MADE PUBLIC
Economic Freedom for Ruhr,
Foreign Loan and Mort
cages on Railroads

The report of the committee
of reparations experts which
was today delivered to the
reparation commission by Gen.
eral Charles G. Dawes proposes,
in brief, the following:
France shall have priority in
receiving payments for the costs
of her armies OF occupation.
The United States shall be paid
for the costs of the. American
Army during its four years on
the Rhine. France shall be as
sured of increasing Payments by
Germany under the supervision
of the Allies. France will be
protected against any adverse
exchange or trade balance
which might be the result of
incautious German payments.
Germany is given relief for
two years from payments of
reparatiOns, which will be made
available by a foreign loan and
the placing of a tax ON the in
dustries which at present are
not productive. Germany will
be loaned 500 million gold
marks and gold bank OF ennis
sion will be created In order to
stabilize that company's cur
rency. Economic control of the
Ruhr and Rhineland will be re-
tupned and the German capital,
that has disappeared with the
collapse of the mark, will be
returned.
PARIS, April 9 (By The Associat-
I'd Press The report of the ex-
perts who have been engaged for
the past three months in the task of
ascertaining Germany's capacity to
pay reparations was handed to the
Commission today. The
two committees under the chair
of Brigadier General
G. Dawes and Reginald Nc
Kenna, respectively, have gone deep
" into the intricacies of the many
problems connected with repara-
ions, and, as mentioned In the COW
.ring letter, they approached the
ask "as business men anxious to
,btain effective results"
The League of Nations is drawn
.nto the reparations problem by the
Dawes report, while an unofficial
of the United States
IS slated for an important role In
the execution of the experts plan.
An American member of the Gener-
ii Board of Control for the proposed
new gold bank of issue is quite like
" to fill the important post of COM
His duty will be to de-
eide when Germany's capacity to
nav has been reached, while the
league finance committee will be
asked to arbitrate If the commis-
decisions in applying the
nindex of prosperity" are disputed
by either Germany or the Allies.
A business matter bereft of poll
les is how the experts describe the
ask they have just completed. They
Interpreted the object of their work
as tending to the collection OF the
debt. rat er tha- to the appl1ca-
ion of penalties with a purely eco
nomic solution in view.
Recognizing the obligation of Ger
MANY to paw and declaring that she
has re urces with which to pay.
The EXPERTS insist that If Germany
does pay she must have her nands
free to exploit her economic re-
sources. :.
The experts carefully omit In their
report mention of the Ruhr. But
make it plain that the Fernch ana
Bel .ians must satisfy themselves py
leaving garrisons in the Ruhr. II
they see fit, but taking their hands
,ff the r 'hr and Rhineland railroads
and the Ruhr industries.
The first prerequisite to the pay
ment of reparations the expects as
cert. is sound money in Germany
Thev propose to this end the estab-
Iishment of a new gold bank of is
sue with 400, 900. 900 gold marks cap
ltaL in the organization of which
they make 1t to the interest and
profit Of Germany, as well as to enc
advantage of the allies, to coop
crate.
Germany's production, they say
will enable her to meet her own re-
,uirements and raise amounts to
anply to reparations as contem-
lated in the plan. These payments
.ixed on a sliding scale, run from
l10.600.O00 gold marks in 1925 to
SOC. 100000 in 1884.
In order to prevent these pay
pents from affecting adversely Ger
nany's financial stability. an index
~ prosperity has been fixed. making
(Continued on page A.