The Bismarck tribune., 1924-01-31
DAWES BODY TO
GET. HELP FROM
GERMAN HEADS
Assistance PrOffered May
Hasten the Conclusions
Experts Are Seeking
GOVERNMENT ACTION
Prepares Budget on Gold Basis
With Intention OF Stabil.
izing Marks
GOVERNMENT ACTION

Berlin, Jan. 3l.-(By the A. P.)--
The scene of the inquiry into Ger
man finances shifted to the capital
of the Reich today as the first COM
mittee of experts headed by Brig.
Gen. Charles Dawes settled down to
work on Germany's budget and cur
rency problemss Assurances Of the
complete cooperation of the govern
ment and of the financiers and banks
it appeared, would make the experts
task chiefly that of formulating their
conclusions from the vast amount of
data which will be laid before them
The government itself has prepar-
ed a budget for the current year
computed on gold basis which it
hopes will help stabilize the mark
and facilitate the flotation of a new
gold currency issue.
With this financial statement to
work on the experts also will be
confronted with exhaustive informa-
tion on Germany's fiscal condition
including statement of the repara-
tion payments in cash and kind she
has already made. They will also
be supplied with full information on
the Reich railways which it is ex-
pected will figure largely in the ex-
perts' final plans for the salvation
of German finances.
Tomorrow will pfind the second
committee headed by Reginal Nc
Kenna of Great Britain opening it's
inquiry into exported German capi-
tai, the return of which it is felt, is
of first Importance in putting Ger
many on paying basis" from the
standpoint Of the reparations COM
mission.
Berlin, Jan. 31.-Chancellor Marx
summoned Brig. General Charles G.
Dawes and the other members of
the first experts committee investi-
eating German resources to the
chancellery yesterday afternoon to
convey to them Germany's official
welcome. There were present also
DR.. StreSemann, minister of foreign
affairs, DR.. Hans Luther, minister
Of finance, Eduard Hamm, minister
Of economy and other cabinet mem
bers and government executives.
Offer Assistance
The chancellor assured General
Dawes that he and his associates in
the government as we'll as the Ger
man nationalists, whose opinions
and aid the committee might seek,
were wholly at their services and
that every accommodation required
to facilitate the inquiry would be
available.
Responding for the committee,
General Dawes declared that unfit
cation of the allies was indispen-
sable for accomplishing a solution of
the European economic crisis and
reparation problems, and that such
unity also presupposed the utmost
spirit of cooperation on the part of
Germany in the joint efforts to ar
rye at an adjustment of the post
war issues under consideration.
Two Factions Called
The first formal deliberation be-
tween the first committee of experts
and representatives of the German
government, will begin today.
The commencement of the deliber-
ations will inaugurate a series of
uninterrupted conversations between
the committee and officials of the
ministries of finance and economics,
as we'll as private financial and in
dustrial authorities, which will ex-
tend over at least IL days, according
to best calculations of Brig. General
Dawes, chairman of the first COM
mittee.
The investigation to be made by
the second expert committee, which
is to examine into the problem of
coaxing back or uncovering hidden
German capital, will begin Friday.
They will consume less time than
the budgetary and currency assay to
be conducted by General Dawes and
his associates, although the result,
it is considered will have a pertin-
ent bearing on the ultimate solution
at the whole range of Germany's
financial problems. This is particu-
larly true in connection with the
proposed establishment of gold
bank issue. The sentiment among
the experts appears to be in favor
of demanding that gold balances
held abroad by German banks be
pressed into the service of the new
gold bank.