Perth Amboy evening news., 1924-07-18
FRANCE NOT To
YIELD IN PLAN
Of THE BRITISH.
TO Give Agent General of Re-
paration Payment Large
Powers
QUESTION OF DEFAULT
Of Germany in Fulfilling Obli-
cations Under the Dawes
Plan
QUESTION OF DEFAULT

LONDON, July 1S (By The Asso-
ciated Press)-France will not yield
her opposition to the British pro-
posal to give the agent general OF
reparation payment and trustee for
the foreign bondhoIders of the loan
to Germany, large preliminary pow
,s ers in determining whether there Is
default by Germany in fulfilling her
obligations under the Dawes plan.
This position was made plain this
afternoon by member OF the
French delegation who expressed
chagrin because the proposals for a
protocal submitted by the French
and British delegations have leaked
out.
The French proposal provides for
concerted action by the interested
governments in the event that the
reparation commission shall declare
Germany in default but confers no
specific powers in this regard on the
agent general for reparation payment
and trustee for foreign bond holders.
The French are objecting because
In their opinion the British proposal
would invest the agent general and
trustee with too great powers - Of
those which should be in the possess
sion of a reparation commissioner
determining when the sanctions
should be applied.
The British observers express the
opinion that their proposal would
preclude independent action on the
part of France whose protocol in
this respect, the British say, is too
vague.
While outspoken in his opposition
to the British proposal, the French
spokesman did not indicate but that
: he thought it would be possible to
find middle ground upon which a
complete accord might be reached.
LONDON, July 18 (By The Asso-
ciated Press):-The Allied confCr-
ence on the application of the DAY
reparation report got down to busi-
ness today. Frank B. Kellogg, the
American ambassador, Premier Her.
riot of France, Premier Theunis OF
Belgium and Finance Minister De
Stefani of italy took breakfast with
/ Prime Minister Macdonald and re-
mained in conference with him until
10 o'clock.
Satisfactory progress Of the itner-
allied conference, called for the
purpose of putting into execution
the Dawes report on German
reparations, was indicated today by
the work already performed by the
committees appointed at the opening
session Wednesday.
One of the important parts Of the
conference work, the perfecting Oh
an organization to be set up in each
country for the handling of pay
1nents to be made by Germany under
the new scheme, was completed yes
terday and a draft of the proposals
embodying the agreement is ready
for the approval of a plenary session
of the conference which probably
will be held tom orrow.
The most optimistic of the dele
gates from ten nations who hive
gathered in London, while entirely
satisfied with what has already been
ACCOMPLISHED, do not suggest that
the most important Or the most diff
cult period has been passed. 1t is
pointed out that making plans for
receiving and distributing repara-
tions was easy sailing, but the real
rocks around which the allied pleni-
potentiaries must steer caretul
course lie hidden in two subdivisions
of the conference known as commit
tees one and two.
The first committee is dealing with
the problem of creating confidence
for an international loan for Ger
many and the question of an Ameri-
can member for the reparation COM
mission as arbiter on the subject OF
default Committee two. which is
attempting to devise means to re-
store the fiscal and economic unity
Of Germany. has encountered difh-
cuIties owing to the French requests
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