Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-01-14
Solons Feted by Governor
in Get-acquainted Party
TO- SIGN PROTOCOL
TODAY ON j, s, COSTS
FIXED IN GREAT WAR

Paris. Jan. 13.-(By A. P.)-The
protocol embodying the accord
reached by the United States and
Grea Britain together with the 9TH
er powers on the payment of costs
of the American army of occupation
and war damage claims to the Unit
ed States, will be signed at a plenary
session of the allied finance minis
ters' conference tomorrow morning.
The document consists of twenty
five typewriter pages but only two
pages are taken up with that section
referring to the settlement with the
United States which occupied five
out of seven days of the conference.
The definite and final provisions
include payment to the United
States of 55,OOO,OOO gold marks year.
ly, beginning September ], 1926
this amount to apply on the occI-
patton costs; the United States to
share In the Dawes annuities at the
rate of Il per cent, beginning re-
troactively September ], 1024-these
payments 10 amortiZe the war dam
age claims, which will not exceed
$350, 600 900; immediate release to
the United States of $14, 725. 154 now
in the Federal Reserve Bank, where
it was deposited by the allies under
the Wadsworth agreement.
The United States agrees to
waive any claim under the Wads-
worth agreement of May 1923. and
ALTO agrees that the 2 Ia per cent
shall not apply on accounts made on
account of reparations by any for
mfr enemy power other than Ger
many.
FThe payments against the Anleri-
can occupation costs have priority
ir1 the cash payments of the Dawes
a&nuities after the expenses of the
irter-allied Rhineland commission.
tie inter-allied military control
commission and the reparation COM
mission have been paid. The Unit
eh States makes an express res2rva-
ton as follows: THE allied govern
nkents cannot insert any other item
iii the priority clause hereafter with
qut the consent of the United
States"
One important item. according to
the American delegation, is the fol-
lowing: The United States is recos-
nized as having an interest proper
llOldte 10 us - I-f ptICeHL lIlttl SSI
in that part of the annuities of the
Dawes plan available for reparations
in any distribution of railway bonds,
industrial debentures or other bonds
issued under the Dawes plan or in
the proceeds of their sale"
The United States Is also recog-
nized as having an interest in any
other disposition that may be made
~ ho no IL
not sold or distributed. The agree
ment provides that should payments
in any one year fall below $4,000, 600
gold marks for the American army
of occupation, and 45.OOO,OO0 marks
for war damage claims. the balance
due on each particular year would
be carried over until the following
year with simple interest at IL
percent.
The small powers led by Brazil
had their innings at the conference
today, and presented their claims be-
fore the plenary session, even though
this causd a delay of one day in ter
minating the conference.
With the Anglo American diver
gency over the payment to the Unit
ed States of war damages settled,
the entire day was spent by the ex-
perts' and drafting committees in
putting their report in readiness for
ratification by the conference this
evening. The small powers, however,
made such energetic protests that
the conference had to hear them.
a special session being convened for
this evening, while ratification of the
protocol was postponed until 9
o'clock tomorrow morning. DR..
Souza Dantas, for Brazil. asked the
conference to recognize in principle
Brazils claim for war damages. To
this, the conference agreed.
Winston Churchill, NJ. Clementel,
and Ambassador kellogg will make
the closing speeches. in which par
ticular reference will be made to the
Anglo American agreement.