New Britain herald., 1929-08-23
SNOWDEN DECLINES
 COMPROMISE OFFER
Continued From First Page)

| the nnal Dreakup or the conference had been pushed off.
 Delegates Arrange to Stay
 Premier Briand of France, Foreign ! Secretary Henderson of Great Brit ain and Foreign Minister Stresemann of Germany, all of whom had count ed on leaving the Hague after to- morrow's meeting which had been understood to be making arrange ments to prolong their stay here and to continue their efforts into tn. middle of next week.
 Delegations from the four creditor powers, and from Germany, met again this morning, seeking to make something concrete out of the rath- CT abstract offer made yesterday to MT. Snowden. The subject under discussion was the balance over the Young plan payment schedules that the Dawes plan has produced since April, and how much would be avail able to eke out other offers to Great Britain.
 It was understood the whole of this balance had been earmarked for the benefit of the smaller cred itors. France and Italy have disin- terested Greece and Rumania how ever and are making available cer- tain sums for purposes satisfying the British. The question is, what will be the total.
 Want Definite Figure
 The British were said to have told Henri Jaspar Belgian premier, they wished to know definitely before passing on the four power offer.
 After the meeting of the five dele gations, M. Jaspar went to Mir Snowden with the results of their work, something more concrete than last nights offer, but with a total somewhat short of what they had expected to raise. It was then that the refusal was issued.
 It was said the Germans, while willing to contribute something to appeasing Britain would not go so far as had been asked. It was the hope of the creditor nations that the Reich would acquiesce to trans ferring still more payments from the conditional to the unconditional ac- counts.
 During the day the four creditor powers and Germany met and dis cussed the situation. They heard the report of Premier Jaspar of Belgium on his talk with Philip Snowden, British chancellor of the exchequer, last night and decided to give somewhat added precision to their offer which was said to approximate 75 per cent of the amount demanded by Great Britain
 The announcement that tomor- rows full session had been post poned was generally interpreted as indicating further efforts to arrive at a compromise and that there was still hope of an agreement. Consequently, the conference will go on Monday with the participa- ton of the chief delegates.
 The basis of the arrangement which the other four principal creditor powers are seeking with the British, is the increase of Brit ish receipts through the cession by Italy of part of her share of the annuites and by France of her in- terests in the balances available from the Dawes annuities this year which had been earmarked for the smaller powers, and by the trans fer by Germany of part of her con- ditional annuities to unconditional ones.
 France and Italy would compen- sate the smaller powers by revision of their debts.
 Some estimates of the amount thus assured to Great Britain fixed it at 90 per cent of the total de- mands made by Chancellor Snow. den.
 Fate Hanging in Balance
 The Hague, Aug, 2S (49 - The reparations plan evolved by the Young committee of financial eX- perts at Paris hung in the balance today, with indications that by nightfall the conference of the gov- ernments here to make it effective would have determined upon ac- ceptance or rejection.
 With Philip snowden, British chancellor of the eXchequer it seemed, rested final decision, much as it has from the start of the con- ference when his uncompromising stand for a larger share for Great Britain of German reparation pay ments threw the conference into the stalemate from which it has never emerged.
 For the second time since the conference started more than a fortnight ago, the remaining credi- tor nations, France, Italy, Belgium and Japan. have acquiesced par tially in his demand. Should Mr. Snovden agree to this second offer made yesterday after arduous shaw ing and pairing, the conference may end Saturday in a blaze of pseudo good will and international relief.
 Not Expected to Yield
 What seemed more likely was that the British chancellor, deter mined upon the righteousness of his claims, would find the second offer quite as insufficient as the first, and would reject it, just as he did before. In this event a final meet ing of the conference with som" speeches by heads of the national delegations seeking to minimize significance of the conference breakdown was looked for.
 The new offer of Italy, Belgium Japan and France to Great Britain, by the estimate of those nations. would give Great Britain 75 per cent of the 4S,o0O,o0o marks an- nually in excess of the Young plan allotment asked by her. The offer | of those four nations to Britain in