The Birmingham age-herald., 1924-07-31
K, <l1IE SUBMITS HER LAST WORD
 ON RUBR PEACE
Nothing More To Offer If Plan Fails, Say
 Delegates
SOME CONCESSIONS
 ARE INCORPORATED
Objections, However, Are
 Predicted By British Observers
lRx AssOciated Press ]

LONDON, July ~O.--lne new French. proposal embodyings Premier Herriott,s rock-bottofn offer in con- sessions to- break the deadlock in the inter-allied conference was handed to Prime Minister Mac Don aid this afternoon and laid before the chief delegates including Afneri- can Ambassador Kellogg. The French delegates hope that the pro- posals will bring the allied. dele. gates together on methods of launching the Dawes plan and at the same time reconcile the interna- tional bankers to the security for the Dawes plan loan to Germany.
 If the new plan fails, the French say they have nothing more to of- fer. They do not submit the scheme as an ultimatum and they ,empha- size that they are not looking to- ward a train for Paris. Neverthe- less, they maintain that the docu- meIit on which their experts have labored for 4s hours should provide means of settlement. Unless 1t does, they know what more they can do toward ' eaching settle ment which will put the Dawes plan to work.
 Declines To Comment.
 E After the adjourhment of the dele gates Mir. Kellogg declined to comment on whether the French proposal would be acceptable until the American ex- perts had studied it. But from other American observers it lis learned that 1t is not expeeted that the plan will have easy pres esq
 tnepN \ hsdetiests from British sources are expeeted hen the pro posaf is formally y sllbmifted tomorrow. As for it's benig the last attempt toward reconciling the divergent views of the delegate about the best methods of ap- plying the Dawes plan, competent American observer said that Hast steps" toward compromise were be- ing taken every day. First, Great Britain, then France says they have given way for the last time, he added.
 One, delegate stated at meeting the other day that mot even another half step" could be made and nevertheless compromise plans continue to be laid on the table and will continue to be for no allied delegation is. willing to shoulder the responsibility for breaking up the parleys instituted to enforce rational economic program for obtain ing reparations.
 Seems To COncede.
 On it's face value, the French pro- posal as authoritatively interpreted, seems to be great concession of French policy; but there are conditions and reservations attached which the allied experts are scrupulously studying to- night.
 The proposal contains three main points, beside some features of the original plan for sanctions and defaults. The first point seeks to calm British fears that sham German default may be declared by providing for board of arbitrati which will make declara- tion of default by the reparations com- mission much more difficult to obtain than at present. The second point pro- vides for the establishment of machin- cry to handle defects which may de- velop in the working of the Dawes plan, particularly ;n relation to de- liveries in kind.
 The third provides for guarantees that Germany will not maneuver out of payments in kind. It also enables France to make new agreements ex- tending the terms for payments in kind beyond the provisions of the Versailles treaty date, which is 1880
 Necessitates Modification.
 Acceptance of these proposals in- volve modification of the Dawes plan and this modification in itself is con sidered certain, to meet with sharp op- position in the conference. The board of arbitration which the French pro- pose shall be established for working with the reparation commission in de- claring default is to have three mem- bers, who will be nominated by the repara tions commission as soon as the conference adjourns If the repara- tions commission cannot decide unani- mously upon the arbitratOrs, then the appointments will be made by the Hauge court. It is assumed that an American, Frenchman and a Briton will constitute the board. A declara- tion of default un0er the French plan involves a very fine point, for the arbitratOrs will not arbitrate an actual default but will arbitrate the question of default being considered by the separations committee. If charge of default is made against Germany the separations commission will vote on the charge. If it's vote is unanimous the allies will consider the sanction to be taken. If the reparations commits sion's vote is not unanimous the mi
 (COntinued on Page FOur.)