Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-28
Dr.. Stresemann Tells Credi-
tor Nations Sacrifice Is
Too Great to Make.
SURRENDER OF DAWES
SURPLUS is INVOLVED
General Feeling That Agreement
Is Possible at Expense of
Some Concessions.
BY the Associated Press.

! BY tho Associated Press.
THE HAGUE. August 28.-Dr. Gus
! tav Strcsemann. German foreign min
lister. told the five creditor powers today
that Germany could not make the sacri-
| flee demanded of her in the agreement
on the Young plan reached last night.
The foreign minister announced the
German position at meeting this
morning to consider the agreement
reached last night giving Great Britain
between 20 and 80 per cent of the de-
mands set forth by Philip Snowden,
British chancellor of the exchequer.
This agreement was tentative, Ger
many's acquiescence being necessary
since it involved Germanys surrender
of its share in the surplus Of the Dawes
plan payments between April and Sep
tember of this year over the payments
called for in the Young plan.
Germany Reaches Limit.
The chief OF the Reich's delegation
said that the Germans in Paris had
gone To the limit of their countrys pos
Sibilities when they accepted The Sched-
lle of annuitieS under the Young plan.
They were now asked TO make another
sacrifice in order to facilitate an accord
among the creditors as to the dlstrlbu-
ton of reparations money which after
all does not concern the German gov
ernment.
He set up definite claim to n share
in the surplus of the Dawes plan pay
ments over the Young annultieS from
April to September.
In the face OF this new check to the
progress of the conference and what
nao promised a complete agreement by
compromise. II was decided that the
German and creditor experts go over
the ngures submitted by DR.. Stresemann.
Meanwhile the delegates took recess
until later in the afternoon.
Despite the apparent setback, the
general feeling at this mornings meet
ing was that an agreement would be
possible with Germany at the expense
of some concessions, and there was some
talk of full session tomorrow TO wind
up the conference.
Dr.. Stresemann showed a spirit Of
conciliation with respect to the 300,-
100000 mark surplus on which the
creditors count to provide a part of the
increase in the British annulties, but
would insist that the costs Of occupa-
ton of the Rhineland be paid as from
September / by the occupying powers.
Other complicated computations re-
specting the balances Germany was
asked 10 give up were referred to the
experts.
Regarded as SnOwden Victory.
The conference of the governments
on reparatlons, held for a month in
seemingly lnsoluble stalemate, before
dawn today arrived at an agreement by
means Of which it may proceed TO re-
place the Dawes plan with the Young
plan.
The agreement, tentative until Ger
many acqulesces, generally was regarded
as victory for Philip Snowden, British
chancellor of the Exchequer.
By the terms of the arrangement
Great Britain will receive between 10
and 80 per cent of the additional share
of German reparations it asked. Great
Britain also will obtain a sizeable cut
In the German unconditional annuities
and concessions with regard to deliveries
in kind
The concessions which made the ar
rangement possible were principally by
France, with Belgium and Italy con-
tributing
The agreement involved German sur
render of It's share in the surplus of
| the Dawes plan payments between April
and September of this year over the
payments prescribed in the Young plan.
Broadly the agreement reached by
the creditor nations and Great Britain
gave the London government 100000
900 marks out of 100000 asked
(about $9,600,000, against $l1,640, ,000) }
OF the 100000 marks 36,oO0,00O
were said to represent unconditional
commercializeable German annuities,
nearly all of which had been allotted tn
France In the Paris draft Of the Young
plan.
The third phase of the agreement
was concessions to Britain in payment
in kind. Among these was the agree
ment by Italy to buy an additional 1 =
100000 tons of coal annually for the
state railroads on the reparations ac-
count.
| Seeks Bank for London.
MIR. snowden. having obtained three
quarters of what he asked for in in
creased reparations under the Young
plan, is now making strong effort to
have the bank of international settle
ments located in London.
He posed his question at last nights
conference at which representatives OF
Great Britain, France, Italy, Japan
Germany and Belgium were present
but they refused to discuss the ques-
t1on in connection with the financial
features Of the plan.
Mr.. Snowden declared he should
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