Evening star., 1925-01-14
ALL POWERS SIGN
PACT Distributing
DAWES ANNU|T|ES
italy and Rumania Make Res
ervations to Conference
Decision.
S35O,OOO, 900 AS LIMIT
ON u. S. CLAIMS LIFTED
Kellogg Praises Farley Work, Re-
garded as Most Successful
Since War.
By the Associated Press.

By the Associated Press.
PARIS, January 14-Preceded by an
eleventh hour victory for the Amert-
can delegation, the international n
nancial conference closed today with
the signing of the agreement for dis
tribution among the various powers
of the reparation annuitfes received
from Germany under the Dawes plan.
At almost the last moment the
Americans obtained the elimination
from the text of the clause limiting
to $350,0o0000 the amount of the
American war damage claims to be
paid from the Dawes receipts. AS
the revised text stands the United
States will receive its PA per cent
of the annuities until it's entire
claims are paid.
The agreement, as signed, consti
tutes A mass of detail which gathers
up the scattered ends of the back
accounts among the allies, liquidates
the Ruhr occupation, limits the future
outlay for the military occupation of
the Rhin Gland, fixes the running ex
penses of the reparation organiza-
tions, including the Dawes plan COM
missions, and determines the proper
tion of Germany's payments each and
all are entitled to under the Dawes
arrangement, besides admitting the
United States to participation and
assuring the payment of its war
damage claims as well as the cost of
the occupation of the Coblenz bridge
head
Allotments Made.
During the next two years the allies
Will be allowed maximum of 160,-
100000 gold marks $4,000 OOo) for
IT1l int far1u uF1n nf hoiV
the Rhine. The Reparation Commits
sion, which was allowed s.250,o00
gold marks (about $4,000 for
1926, will have to cut down its out
lays to $500, 900 gold marks (S1,S75,-
O00), in the following year, at the
same time providing from that total
a sum running up as a maximum to
100000 gold marks 9925.00eJ for
the Dawes plan organization.
For the Rhineland commission TO-
100000 gold marks G2,500, ,0o0) is al
lowed, and to the military control
commission in Germany for the en-
suing year the sum of 100000 gold
marks (S2.000.000). The occupation
of the Rhineland will come up again
in September for revision once more
with reference to future years.
The Wadsworth agreement for the
payment of the American Army costs be-
ing abrogated, payment of those costs
will begin in September, 1926. at the
rate of 55,000.000 gold marks (S13,-
100000 annually.
L. s. to Share in Bond Sale.
In the sale of any railroad or in
dustrial obligations issued under the
Dawes plan the United States will
have the same proportionate interest
as in the payments.
AS concessions were necessary
among the allies to admit American
participation in the Dawes receipts.
these concessions were made on as
even basis as possible. France tenn
porarily sacrificed 1-5 per cent
Great Britain also reduced her per-
centage in this ratio for the ensuing
two years, while after 1926 Belgium,
having received her priority payments
in full, the reduction of her percent
age from per cent down to Az per
cent will provide the sum necessary
to meet the American claims.
According to figures presented by
the experts. the Ruhr occupation is
wound up with a clear profit of about
500, 100000 gold marks ($200, 600, ,000),
which is divided among the allies on
the same basis as the regular reparation
payments.
Rumania Disappointed.
The result of the conference ap-
pears to have satisfied nearly every
one with the exception of some of
the smaller powers, Rumania in par
ticular being disappointed over the
failure of her efforts to obtain a
larger percentage of the receipts. The
future development of the Dawes
plan, however, may furnish the means
of satisfying the Rumanians and the
NJ cd
out, after France and Great Britain
are compensated for the temporary
sacrifices they now are making.
The United States Is regarded as
having come out first best in every
respect. 1t obtains a share in the
Dawes receipts for it's war damages,
as well as it's Army costs, without
limitation as to the total reparation
to be paid that country. 1t was on the
motion of James A. Logan. jr., the
American reparations representative,
that the clause limiting Americas
share for war damages to $350,OO0,-
600 was stricken out of the text just
before the agreement was signed.
Although the proposition seemed to
come out of a clear sky, every one as
sented to it. Thus all strings were
removed from recovery by the United
States of the total claims which the
Mixed War Claims Commission may
finally allow.
Mr.. Logan also made a reservation
at the last minute respecting the
omission of the word associated" in
the text of the agreement which re-
fers, as 1t stands, only to the ''allied
powers" instead of the Versailles
treaty formula of "the allied and as
sociated powers" The simple reser-
walton thus made was thought to be
sufficient to correct this oversight.
Rumania and Italy signed the
agreement with reservations.
The Runanians announced that
they were making reservations with a
view to demanding an Increased per-
centage of reparations, while the
Italians objected to the rulings Of
the conference on Italy's repayment
of the excess she has received in rep
arations over the percentage to which
she is entitled.
These reservations. however, did
not prevent unanimous signature
of the agreement, and the objections
of the two countries will be consider
ed by the allies later.
In spite of the reservations made
by Italy, Rumania and Brazil, and
the surprise move by Mr.. Logan for