Evening star., 1924-08-30

agent-general will not be immedi-
ately available, Mr. Young, who is
one of the experts of the first COM
mittee, has been good enough to ac-
cept an ad interim nomination.
Plans for Economy.
The commission has decided to
prepare a plan Of reorganization with
the purpose of effecting economies
sufficient to cover the expenses re-
quired by the new organizations to
be set up under the Dawes plan so
that no additional financial burden in
connection with foreign officials will
be laid upon Germany.
The organization committee, ap-
pointed by the reparation commission
under the Dawes reparation plan, and
including Sir Robert Kindersley of
Great Britain and DIR. Hjalmar
Schacht of Berlin, were advised that
Mr.. McGarrah was one of the three
New York bankers best qualified to
deal with exchange and foreign bills.
The other two were not named.
Mr.. McGarrah will nominate the
American member of the transfer
committee which will determine the
movement abroad of funds from Ger
many for the payment of reparation.
Has Accepted Appointment.
This nomination is subject to ap-
proval by the reparation commission.
Mr.. McGarrah has already accepted
his appointment and 1t is expected he
will arrive in Berlin at the earliest
possible date so that there may be no
delay in the meeting of the general
board, the other six foreign mem
bers of which have not yet been
named. The important post of bank
commissioner under the reparation
commission, it has been decided, Will
go to a Hollander
No salaries have as yet been fixed.
Owen D. Young OF New York. who
began his work today agent gen
eral for reparation payments ad in
terim, is not taking ahy salary. He
has appointed Leon Frasier. an Amer
lean attached to the legal service
division of the reparation commission.
as his assistant and he has directed
him to leave Immediately for Berlin.
where he will open an office on Mon
day Mr.. Young will leave for Berlin
about the middle of next week.
Mr.. Young has made an extraordi-
narily deep impression upon the men,
bers of the reparation commission His
advice is regarded by Leon Barthou.
president of the commission. and the
other members as essential to the
smooth beginning of the Dawes plan.
Arbitrnl Boards Provided.
Sixteen arbitral boards are pro-
vded for by the Dawes plan. and un-
der the London agreement American
membership upon three OF these is
mandatory. None Of these boards has
as yet been appointed. The most i'm
portant of them is considered to be
that provided by the London accord
for deciding voluntary default on the
part of Germany. The other two upon
which the United States will have
membership will be occupied with de-
liveries in kind and appeals from de-
cisions of the transfer committee
The reparation commission has
chosen G. Leyerve of France to be
the railway commissioner under the
Dawes plan, whose ultimate function,
should there be a default in payment
would be that of receiver of the Ger
man railways for the allies.
NJ. Leverves regular function is
rather that OF general inspector OF
the manner in which the entire Ger
mar railway system is operated. NJ
Leverve was the French expert who,
with Sir William NJ. Acworth Of Great
Britain, prepared the technical study
of the German railways for the Dawes
committee.