Evening star., 1924-04-26

perts' reports documents of the
highest value" continues:
"The contents of the two reports
being considered as an indivisible
with satisfaction that the reparation
commission adopted them in their en-
tirety and is sure the commission will
be able now rapidly to continue its
work.
For it's part the italian govern
ment is from this time disposed to
adopt integrally the conclusions of
the experts as we'll as the principles
which inspired them, being persuad-
ed that these conclusions and these
principles constitute an equitable basis
for the regulation of the question of
reparations' and the questions connected
Herewith in conformity with the line
of conduct constantly pursued by the
royal government"
The reply is signed by Premier
MuSSolini,
Poincare Writes Reply.
Frances reply to the reparation
commission regarding the experts re-
ports was written by Premier Poin-
care. After saying he had studied
the reports with the greatest interest
the reply continues:
They fulfill exactly the tasks as
signed them by the commission and
form an extremely interesting and
graduate myself on having taken the
initiative in requesting the French
delegate on the reparation commits
sion to propose the convocation of the
experts. / am glad to take this op-
portunity of paying tribute to the
great competence they have shown,
to their impartiality and to their ap-
probation of the actual facts.
Expects Commission Ruling.
'"rhe commission now is in a posi-
tion to pronounce Judgment, and the
governments have the right to ex-
pect from it definite decision which
will embody the conclusions, of the
experts reports, support them With
argument and give them practlcal
fern (Since in most cases they are
drafted, as is only proper in the case
of reports from advisers, in the form
of mere indications), and Will com
plete them on certain points which
the experts left to the commission
itself to deal with OF on which they
did not express any opinion
TT is only when the commission has
completed this work and thus has
clearly defined all the matters COM
ing within it's competence under the
treaty, and those not within its Juris-
diction, that it will be in q position
to communicate the latter to the gov
ernmentS concerned. -
"The governments will not be able
to take useful action until they have
exact information as to the practlc2i
effect which the reparation comnls-
sion gives the experts proposals.
Warns Commission.
NJ. Poincare warns the reparation
1hnt -
ton to find out whether Germany has
taken the measures necessary to car
ry out the commissions decision. He
stresses the point that no decision
can be taken until the commission
has approved the drafts of laws and
DEGREES it has requested Germany to
submit for the execution of the plan,
and he reiterates that only after that
decision will the allies be in a posi-
ton to arrive at their own decision.
Under the circumstances the Ger
man and the allied governments can
not, in fact, be placed on the same
footing" he continues.
Germany is entitled to a just op-
portunity to be heard" the premier
repiy goes on, but afterward, he says,
the reparation commission "rnust then
give a decision with all the authority
the treaty confers upon 1t"
Asks About Guarantees.
ion that the economic and financial
unity IF the Reich should be restored
as soon as the plan is put into ex-
ecution, the premier says:
"Since the commission has decided
TO accept the conclusions of the ex-
perts as a whole the French govern
ment ventures to assume that on this
point of capital Importance it does
not intend to modify these conclu-
sions. The governments will have to
consider together under what condi-
tions the securities now held by
Irance and Belgium shall be merged
INTO or exchanged for those which
will be handed over as an undivided
whole to the allies.
"These operations cannot, however,
take place until Germany has erect,
lively put the plan into execution and
il is for the governments to deter
mine by common agreement the guar
antee these operations may render
necessary.
the course of the conversations to be
entered into the French government,
which appreciates the work of the
experts, as do the other allied gov
ernments, will, in spirit Of .concilia-
ton and mutual understanding, make
with Frances vital interests to ia
cilitate the prompt execution of a
definite decision to be communicated
by 1t to the commission"
The most important part of the
French reply is toward the end in
which the question of restoring Ger
many's economic and financial unity
is taken up. On this issue, which
means the economic evacuation of the
Ruhr, for one thing, the French reply
appears to mean that consultation
among the governments will be neces-
sary to decide the conditions under
which the Franco-Belgian economic
hold on the Ruhr may be exchanged
for the securities for reparation pay
ments provided for in the Dawes re-
port.
The reply also refers to "the guaran-
tees these operations may render nee
essary," the premier declaring the
Operations" apparently meaning the
exchange of securities, cannot take
place until Germany has effectively
put the plan into execution" The use
of the word guarantees in this con-
nection, while somewhat obscure, may
indicate the view of the French pre-
mier that it will be necessary for the
allies to agree in advance to apply
certain penalties to Germany in case
of her default