The Colorado statesman., 1924-04-12
RUHR NOT MENTIONED IN RE-
PORT MADE TO PREPARATIONS
COMMISSION
SAY GERMANY CAN PAY
DAWES COMMITTEES PLAN SLID.
ING SCALE PAYMENTS FOR
GERMANY ,->-'"

Paris.-The report of the experts i
who have been engaged for the past
three months in the task of ascertain
ing Germany's capacity to pay repara-
tions has been given to the repara-
tions commission. The two commit
tees, under the chairmapship OF Brig.
Gen. Charles G. Dawes and Reginald
McKenna, respectively, have gone
deeply into the intricacies of the many
problems connected with reparations'
and as mentioned in the covering leu
ter, they approached the task "" 40 Jus
mess men anxious to obtain effective
results"
The league of nations is drawn into
the reparations problem by the Dawes
report, while an unofficial representa-
tive of the United States is slated for
an important role in the execution OF
the experts plan. An American mem
ber of the general board of control for
the proposed new gold bank of issue Is
quite likely to fill the important post
of commissioner" His duty Will be
to decide when Germany's capacity to
pay has been reached, while the le...Sue
finance committee will ioe asked to a. al
bltrate It the commissioners decisions
In applying the Index of prosperity
are disputed by either Germany of The
allies.
The experts carefully omit in their
report mention of the political aspects
of the Ruhr occupation. but make it
plain that the French and Belgians If
they see fit TO maintain garrisons in
the Ruhr, must keep their hands off
the railroads and Industries.
The first prerequisite to the pay
ment of reparations, the experts as
sert, is sound money in Germany.
They propose to this end the estab
lishment of new gold bank of issue
with 400,00O,Q00 gold marks capital, in
the organization of which they make
it TO the interest and profit of Ger
many, as well as to the advantage
of the allies to cooperate. 55G
Germanys production, they say, will
enable her to meet her own require
ments and raise amounts to apply to
,onor.t,ons 20 contemplated in the
plan. These payments, fixed on
sliding scale, run from 1,120,0O0,0OO
gold marks in 1926 to $500, 100000 in
1884. ..,.,.
In order to prevent these payments
from affecting adversely Germany's
financial stability, an index of pros
perity has been fixed, making it pos
sible to judge whether the amounts
of the scheduled payments are or are
not beyond her capacity.
A general board of control, lnclud-
ing an American, with allied, neutral
and German members, is the experts
solution of the difficult problem OF
guarantees that Germany will execute |
the terms of eventual settlement un-
der their plan. The experts found TINS
plan most likely to satisfy the allles |
and at the same time prove accepta-
Bile to the Germans. One member OF
this board, with the title of commls-
sioner. will be vested with the impor-
tant duties of deciding to an index OF
nrosperity when the payments provld-
ed for in the plan may prove too enor-
nous and may threaten the upsettlhs
of German finances. ., n aiAs
Recognizing the obligation of Ger
many to pay and declaring that she
has resources with which to pay the
experts insist that if Germany does pay
she must have her hands free to ex-
plot her economic resources. !