Evening star., 1924-04-08
PREPARATIONS BODY
TOCONS|DER DAWES
REPORT TOMORROW
Will First Decide on Giving
Hearing to Representa-
tives of Germany.
OTHER POWERS TO GET
PROPOSALS IN 10 DAYS
Dawes to Make Trip to Brussels,
Rome and London After
Completion.
Ey the Associated Press.

S;y the Associated Press.
PARIS, April S.-The time of the
official delivery to the reparation
commission OF the reports of both the
expert committe ees-those headed re-
spectively by Brig. Gen. Charles G.
Dawes and Reginald McKenna-was
definitely fixed today for 10 o'clock
tomorrow morning.
Gen. Dawes plans to leave for
Brussels tomorrow, where he will see
the Belgian minister of economics, NJ.
Van de Vyvere. From the Belgian
capital he will go to Rome and then
to. London, arriving there within
eleven days.
VIII Study Report.
The reparation commission imme-
diately upon receiving reports from
Chairrnen Dawes and McKenna will
get down to business and study the
recommendations formulated by the
experts, going into session at 3 o'clock
Wednesday afternoon.
The first decision to be made is in
regard to giving the representatives
VI 'OiiLdiiS iltdIlllS. tAIleE lHiS
hearing, if it takes place, the commits
sion will give the allied governments
its opinion as to what action should
be taken on the experts proposals.
There is some feeling that this might
bo done by the coming Saturday, but
the less optimistic expect it will prob
ably be ten days before the reports
are turned over to the respective goY-
ernmentS.
n.r oft
noon was holding its final session, re-
vfsing the proofs of it's report and
making the last-minute corrections
In the copy.
lie Matin Summary.
The reparat1on experts seem to have
attained the objects. at which they
aimed, declares Le Matin in present
ing d summary of the committees
forthcoming report which is accept
ed here as authoritative.
They achieved this, the newspaper
adds, without passing beyond the
limits set for them--that is, without
raising the political problem of the
occupation of the Ruhr or trying to
fix definitely the amount of the Ger
man debt, since if the Dawes report
gives exact details on the amount of
the yearly payments which may be
exacted from the reich, it in no way
fixes the number of these annuities,
at least as regards the part which
depends on the budget surplus of the
reich"
The report provides mainly, ac-
rording to LIE Matfn, that Germany
shall receive no moratorium, tenn
porary concession will be made of
her railroads. mortgage placed on
her Industries, and a bureau estab-
lished to govern the transfer of
money from the country in such a
manner as to disturb the. exchange
market as little as possible. Her
annual payments would be tapered
upward to keep pace with her eco
nonic and financial ability.
Provide for Control.
II financial disorder prevents or
delays execution of Germany's finan-
cial engagements, the experts provide
automatic institution Of strict con-
troll by the allies. which would be
vested with extended powers over
the treasury of the Reich.
In connection with the Ruhr, the
experts consider economic re-estab-
1ishment of Germany can be durable
only on one condition: The economic
unity of the country must be entire
]y re-established.
Question OF Ruhr.
Without raising the question of
experts indicate that it will be neces-
Sary for Germany to resume free dis
posal of customs and state industries
like forests. coal mining and railroads
in the territory occupied by French
troops. The railroad system of the
Ruhr and Rhineland would be under
special supervision of an allied rep-
resentative in order to assure normal
traffic and security for French troops.
Under the proposed reduced annual
payments Germany would apply on
the reparation account the first year
l,O00.O0O,00O gold marks, raised by
means of an international loan Of
s00.000,000 gold marks plus 200 600 900
from the verkchrsteur or transporta-
tion tax.
The second and third years she
the fourth year 1, $50, ,O00, 900 and the fifth
2,460, 100000. and so on. From the
sixth year the reparation commission
would exact supplementary payments
100000 gold marks, dependent on
prosperity index carefully established
by the Dawes committee. The sup
Elementary payments under this in
dex could gradually reach several
hundred millions of gold marks.
Source of Total.
1he supplementary total OF $780,
svo.oou marks would be thus obtain
ed: From budget receipts, 15OO, ,OO0.-
600 marks; from transportation tax
and railroad receipts, CSC, 900, 600;
from mortgage on industries, 300,-
000. 0.o0o
The railroads of the reich would
be transferred for fifty years to a
company with 26.000.000,000 gold
marks capital, composed of 2,000,-
100000 in preferred stock. one-quar-
ter of which would be sold for the
benefit of the government, 13,00O,-
100000 in ordinary stock, with divi-
dends depending on the company's
prosperity, and 10000 100000 in priv
ileged bonds at per cent, 5 per cent
of which would go out as interest
and the remaining 1 per cent go into
a sinking fund insuring repayment
thirty-seven years after the fourth
year.
Sale of B0nds.
The bonds, to be handed to the
reparation commisSio.l, would yield
100000, 900 gold marks annually after
the fourth year. The commission
would be allowed to offer it's bonds
on the International markets and
thus rapidly realize some 10000, ,000,-
600 gold marks.
In connection with the mortgage on
industries, the report, says the news
paper, points out that the German
industries have been able, owing to
the collapse Of the mark. to free
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