Evening star., 1926-04-25
TRANSFER PLAN URGED.
Socialist Leader Wants Dawes Plan
Applied to Pact.

| BY Cable to The Star and New York World
PARIS, April 24.-'It is indispensa-
bic in the French debt ar
cord to give as careful attention TO
the question Of how French payments
| are going TO be made 10 the United
| States az IT was 10 the transfer ques-
ton in the Dawes plan. France must
| have the same sort of protection
| against running its financial situation
| through debt payments as Germany
| got when IL was established that Ger
many should pay to the account OF the
| IeDaratiOnS agent in the Richsba nix
| and the transfer should only be made
! into other currencies than marks if
| possible without injuring Germany's =
| fina nciai situation" said Leon Blum.
i Socialist leader of the Cha mber of
| Deputies. today.
III the transfer question is not
| taken care Of i'm the accord NJ. Beren-
ger is making with the America n
| Debt Funding Commission, the Social
ist party will not find it possible to
vote for its ratification he added
! As a large part OF the conserva tives
i in the cha mber are opposed to a fixed
| debt settlement, the government is
depend on the left to get it ratified.
This gives Blum's statements and
! arguments exceptional importance.
! Must Have Protection.
! I'VE Socialists" he declared. "ap-
| proved the Dawes plan and support ed
! Herriot in getting ii adopted. Can
| we now go before our own people and
| say we approve OF an agreement
| which demands Of them heavy and
increasingly heavier payments with
| out insisting that they have as much
! protection as we wanted Germany To
| have?
| 81 do not link reparations and the
debt settlement. I am as opposed as
| the Americans to attempts 10 hook
them together. and don't approve of
anything being done in the accord
which will make the continuity of our
/ payments depend on whether Ger
many pays us her reparations.
The transfer question stands apart
| from political considerations. Ii is
! technical and financial and therefore
CA mot he neglected. / advocate that
| French payments TO the United States
! and England when that settlement is
made. be paid into the Bank of France
to the credit of the committee of
| transfer, which will be as impartial
as the Dawes plan provided for
! Germa
| Urges Committee Of Three.
! There could he committee Of
| three. an American. FrenChman
! and perhaps a DutchmaR. France
! should make payments. TO this com
! mittee's account. according to the ex-
! change 0f the day. and the money he
! used in France until it is possible to
transfer it without upsetting the
| money market
Other points in the accord as il is
| being made are reasonable. ha We
always been opposed to the attitude
| that we do not owe and should not
| paw II is time we came TO an agree
ment, when you consider that Amer
| lea began 30 get excited over French
debts right after the Washington
| arms conference The French dele
| CATION on that occasion was so mala-
droit that 1t turned American opinion
against France and ever since the
| American people have been insisting
that we pay them what We owe i'm
stead as they think we have been do
ing. spending it in strengthening our
military position.
"As to the terms being firm. it Is no
accord unless they are. Also. | see
| no value in the safeguard clause.
| The Americans are not coming over
Ito take us by the throat if we find
! ourselves unable to meet the pay
ments | believe in q firm promise
without "a string TO 1t. The only as
| surance we need is that the payments
will not ruin us. and transfer com
mittee regulating payments from
! francs to dollars is the way TO settle
that. The Dawes plan has established
that principle already.
We Socialists also do ret consider
a settlement be made in hopes Of a
| new Wall Street loan. Loans are not
| going TO stabilize the franc. ''het is