Atlanta tri-weekly journal. [volume] (Atlanta, Ga.) 1920-19??, 1924-08-05

of fatigue although he hase ATTENDED
every plenarv session and meeting
of the chief delegates, The confer
ence has kept him in Whitehall I'M
til o'clock nearly every night since
it started and often necessitated
early morning rising for diplomatic
breakfasts which are popular with
British premiers.
When the conference adjourned
this morning there were crowds
waiting to catch a glimpse Of the
delegates. The newspapers recall
that there were similar crowds on
the very Same Saturday a decade
ago when Europe was at the edge
of the world war, which brought the
problems this conference is trying
to settle. Monday is the tenth an
njversary of Great Britain's declara-
ton Of war.
Unanimous on Sanctions
The conference was unanimous on
the recommendations submitted to
1t by the committee studying the
question Of Germany's possible de
fault under the Dawes plan and the
sanctions to be applied. The repara,
tiOns commission which constituted
n the first judge Of Germany's faith
is enlarged by the appointment of
an American citizen to be named by
the reparations commission if it can
reach an unanimous vote, otherwise
he will be named by the president of
the Hague court.
In the application of sanctions it
is stipulated that eff a default by
Germany is established the repara,
tons commission will forthwith give
notice of such default to each of the
interested powers and may make
such recommendation as to the ac'
ton to be taken in the consequence
of such default as it may think nee
essary.'
From any vote that is not unani-
!; nous, any member Of the repara
!, tons commission who has partici
/, pated in the vote may within days
, fir m the date of the said decision
appeal TO a commission composed OF
three impartial and independent per.
sons whose decision shall be final
The chairman of the arbitral com
, mission, it is stipulated, shall be an
American citizen.
| French Right Maintained
| This concession to the principle
t of arbitration was granted to placate
? the bankers opposition, but the
right to separate action by France
in the event of German default
which the bankers steadily opposed
as ieopardizing the security of in
vestors in the German loan
would seem to be maintained in the
phrase setting forth that All exist
ing rights of the signatory powers
under the treaty of Versailles, reac
with the Dawes report, are re
served"
IF Germany shall be declared tr
default, it is further stipulated, the
signatory governments, acting will
the consciousness of Joint trustee
ships for the financial interests Of
themselves and of persons who ad
: vance money upon the lines of the
Dawes plan, will confer at once or
the nature of the sanctions to bt
applied and on the method for then
t rapid and effective application"
The provision whereby all Ger
! manys public assets shall constl
2 tute a lien for the loan in even
sanctions are applied for default
never contested, is retained.
RepOrt on Transfers
The experts committees repor1
REGARDING reparations transfers
which the pIenary session also adopt
p cd, contains five resolutions. Tht
i, first asks Germany to give assur
i, ances that it recognizes the transfer
committees right to purchase any
: commodities on an ordinary com
mercial basis after the treaty o
Versailles obligations have beer
fulfilled. Coal, coke and dyestuff'
, are particularly mentioned.
Other assurances are asked tina
no maneuvers in Germany should
prevent the allies from purchasing
= needed goods.
= The second resolution recommend:
= that Germany he asked to accep
: the establishment of a special com
p mission not exceeding six member!
1 and consisting of an equal number
= of allied and German representa-
tives to determine the procedure TO
= placing orders and the conditions 70
: carrying out deliveries in kind. II
case of a committee disag reemtr
-, a neutral can be selected g TIL
+ seventh member.
2 The third resolution provides tina
1 in case of differences between Ger
9 many and the transfer committee
q over purchases Of goods a neutra
e arbiter is to be chosen by agreement
, between the two parties, or, failin:
agreement, by the president Of Thu
o Hague court.
y Modification Methods
The fourth outlines methods o
: modifying the Dawes plan. II pro
vidcs for appeal from a decision 0
. the reDaratiOn commission with th
p American member sitting to tn
r committee of three independent, i'm
+ partial experts chosen by agreemen
Z between the reparatiOn commission
@ deciding unanimously, and Germany
o or, in case of disa Greement by TIL
v president of The Hague court. Tn
|. reparation commission first mus
= submit a charge that a defect ha
T. occurred to the committee consist
ing Of the agent general for repara
tons. the trustee for railway ant
industrial bonds. railway commits
sioner. bank commissioner and com
,. missioner Of controlled revenues.
The fifth resolution provides TIVE
, methods for applying the principle
of arbitration 10 the question Whetn
ev financial maneuvers are occur
= ring, within Germany, to defea
transfers. If the transfer com
mittee is divided equally on tn
O question. appeal can be mad
4 10 an arbitrator, who shall b
% a financial expert selected by tn
c members Of the transfer committee
= or, lacking unanimity. by TIL
e Hague court
: The second method can be applie'
5 # the funds at the disposal of tn
agent general accumulated in Ger
$ many reach five billion gold mark
and the transfer committee has de
y c.Eaa .tat f:rar aansnNers la