The Washington times., 1924-02-20
FRENCH ACCEPT
PREPARATIONS
PLAN
By FRANK E. MASON.
international News Heevjce,

PARIS, Feb. 2O.-The French
government, as represented by
Premier Raymond Poincare, to-
day accepted in principle the rep
arations solution worked out by
the two committees of interna-
tional experts appointed by the
inter-allied PREPARATIONS commits
sion.
Program Not Published.
The program Of the two COM
mittees has not been made public
but probably will be next week. It
will be discussed by the committee
Saturday.
Premier Poincare held a con.
Terence with the Ministers of War,
PUBLIC Works and Liberated Re.
g1ons when a provisional report
from the committees was discussed.
1t was at this conference that
Premier Poincare decided to accept
IN principle the solution drawn up
Tor relief Of Germany.
The Petit Journal, controlled by
Minister Of Public Works Loucheur.
stated this morning that all the
i've parts OF the provisional plan
OF the reparations committee have
Oeen accepted by the government.
Study German Railways.
The railroad technicians are still
studying German statistics as to the
revenues from German RAILWAYS.
The report o. German railroad rev.
enues will not be taken up for final
consideration until Sunday.
Banking experts have notified the
committees that the suggestion of
President Schacht Of the Reichs.
bank for a 10000, OOO, 900 gold mark
international loan guaranteed by
revenues from the railways and
other German sources is based up.
on an exaggeration and impractical.
The bankers consider that half a
billion German gold marks, based
upon the earning power of Ger
man railways, is a more logical
amount for a loan.
Faced with the necessity Of max.
ing a unanimous decision, M. Par.
mentier, the French representative
upon the first international commit
tee was requested to obtain Premier
Polncare's approval before the re-
port is made to the inter-allied rep.
arattonS commission.
Several Year Moratorium.
According to the Petit Journal the
general plan embraces a two or
three-year moratorium for Germany
as to cash payments, but payments
IN kind payments of goods are to
continue as in the, past.
1t will hQ anUroSfod fho% IN Ava
ternational corporation be formed to
exploit German railways, including
those in the occupied sections of the
Rhineland. If this plan is approved
the French &occupational forces will
be compelled to give up the Ger.
man railroads they now hold,
According to the press report It
is suggested by the committeeman
that the customs frontier" between
occupied and unoccupied Germany
be abolished; also, that the proposed
gold mark bank, capitalized at
$500, 100000 gold marks be estab-
lished at once, one-half Of the cap
ital stock being subscribed by
neutrals.
Foreign Controlled Bank.
It is generally accepted as a fore
gone conclusion that this bank will
be established and that the direct
ing head will be a resident Of
Switzerland. The institution will be
controlled by neutrals and allied
powers.
The second reparations commit
tee (headed by Reginald McKenna
or England). is understood to favor
a German domestic gold loan, with
premium privileges held out.
"Pertinax," political editor Of the
Echo de Paris, attacked the sug-
gestion that the French cease
economic exploitation of the Ruhr.
"Pertinax" criticized the repara-
lions commission for suggesting
withdrawal Of the French engineers.
The foreign office denied a re.
port that General Charles Gates
Dawes conferred with Premier Poin-
care on Tuesday.