New Britain herald., 1924-01-21
SECOND COMMITTEE OF EXPERTS MEET
Preparations Talk Today Limited
 to Formal Speeches
Fly The Associated Press.

Paris, Jan. 21.-- The second com- mittee of experts. organized by the reparation commission for the pur- pose of finding German capital abroad and determining means for it's return to the reich, met for the first time this forenoon in the Hotel Astoria.
 The session was confined to an ex- change of addresses between Louis Barthou, president of the reparation commission, who presided, and Reg insld McKenna, former chancellor of the British exchequer. who will pre- side over the committees discussions. There were no prepared speeches.
 M. Barthou, in welcoming the mem- .hers, said:
 Your task is the difficult problem of the evasion of German capital, it is i. easier to state than to solve, but it would be impossible not to take up it's examination immediately"
 M. Barthou especially thanked Henry M. Robinson of Los Angeles the unofficial American member of the committee, who, he said, had trav- elled halfway around the world to take part in the deliberations.
 The entire world" M. Barthou continued, lis interested in your ef- forts on which its equilibrium partly depends. The confidence which it has placed in you is the homage which your activity, confidence and impar- tiality will not fail to justify.
 The participation of American citizens in the work of the allied ex- perts is a significant fact upon the im- portance of which must once more insist. It is impossible that so many men of good will, united with such disinterestedness should not arrive at successful conclusion"
 Mir. McKenna in reply paid high tribute to the speech which Brigadier General Charles c. Dawes delivered at the opening session of the first com mittee last Monday He said the sec ond committee intended to work along similar business methods.
 The committee planned to recon- yene at 2:15 o'clock this afternoon to discuss Its procedure. The experts were luncheon guests of NJ. Barthou and the delegates of the reparation commission. all of whom were pres- ent at the opening meeting.
 The session was also attended by General Dawes, Owen n. Young and the other members of the first com mittee. They approved M. Barthou's references to the necessity of closer cooperation in the work of the two committees.
 harthou's Speech
 NJ. Barthou's speech of welcome be- gan by saying the reparation commits sion would have been glad 10 install simultaneously the two expert com mittees 1t had formed. Their programs of course, were not the same. but in addition to having common object they were evidently so correlated that it would have been real adva ntagc to welcome all the eiperts at the same time.
 However" continued NJ. Barthou, MT. Robinson's long voyage, so de- Notedly undertaken, and the obligation not 10 lose time, necessitated the first committee being installed before the other. Under the energetic direction Of it's distinguished president, General Dawes it at once began work. It has fixed upon a method Of working, it has decided to hear Dr. Schacht, head Of the Reichsbank, and its evident de- termination to dispense with all use- less formalities is highly appreciated by the public.
 We have only to read the names of the business men who have accept cd places on the second committee" Al. Barthou continued to be sure they will proceed with the same confident eagerness. Your task is difficult. The problem of the evasion of German capital is easier to state than to solve, but it is imperative to take up the examination immediately. Far from denying this evasion, which is so de- trimental to the budget and the stabi- lization of money, the government Of the Reich, on the demand of the com mittee on guarantees, has taken a number of legislative and administra- tive measures regarding it, but they have unfortunately remained without eGect.'
 German Capital
 NJ. Barthou said Germany had built up capital abroad in the form of de- posits and by participation in com panies and holding companies, to an amount large enough to diminish her capacity and resources for the pay ment of separations under the peace treaty. Could an estimate of this cap- ital be made, and could it be brought back, he asked.
 NJ. Barthou then quoted an estimate made by Mr. Mckenna in 1929 that the German funds abroad amounted to at least t1.0Oo, GOO, ,o0o.
 Tt will be your task" NJ. Barthou continued. to search for means of making this estimate and preparing for the return of this capital. It is to be hoped you will be supported by the German government whose most au- thorftative representatives have de- eiared several times that their most active cooperation would be given to the work of refrigeration in which the interests of the creditor and debtor powers coincide"
 NJ. Barthou added that the relations between the two committees should be such as to make the work of the one valuable to the other. What they were doing really vas attempting by different ways to attain the same ob- iect, the financial restoration Of Ger many as the first necessity for the exe- cution of her engagements.