Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-30
CREDITORS AGREE
ON PERCENTAGES
Of PREPARATIONS
Action Follows Acceptance
of 27-BiIIion Figure by
Germany.
TWO MINOR QUESTIONS
ARE YET TO BE SOLVED
Belgian Demands and Reich Reser-
vations Remain-Settlement Fa-
vorable to French Cabinet.
b. II. Assnciated Prs

By : h" Associated Press.
PARIS, Nav 30.-The allied creditor
experts today reached a Anal agreement
among themselves on the repartition of
the German reparations payments.
This followed the acceptance by the
Germans last night of the new figures
suggested by Owen D. Young, leaving
nothing remaining for settlement but
the question of the repayment of Ger
man marks in Belgium and an agree
ment concerning the German reserva-
tions to their acceptance of the young
plan.
It was understood that the Belgians
agreed to take up the German marks
question directly with Ambassador Won
HoeSch
The general impression at the Hotel
George v was that matters would now
move along very fast.
Percentages Unknown.
Just what percentages entered the
new repartition scheme remained un-
known.
There was no formal meeting or con-
ference of the allied delegates this
morning. but the creditor experts con-
ferred in a series of private conversa-
tions and later Dr. Ludwig Kastl of the
German delegation was closeted with
them.
DR.. Hjalmar Schacht, head Of the
German delegation, returned to Paris
from Versailles where he had spent the
last day or two resting from the strain
of the conference.
INV he hc
tinued private conversations in an ef
fort to iron out the remaining difhcul-
ties in the way of full settlement OF
the reparations question.
The reparations total. over a period
of SO years effective as of September l,
1929, was estimated today to approx
mate 113,000,000000 gold marks or
about s27 900 900, 900. This amount, at
sig per cent interest, would represent
present or capital value of something
more than SS,s00,0 100000.
The French cabinet was known to-
day to have taken a favorable view of
the agreement. It was understood that
if the reparations experts could agree
on various national reservations to set
tlement the government would advise
Parliament to ratify 1t.
The cabinet, at morning session,
went over the work of the experts, both
SI6I1lIeT EOllCdIe dIlu f1ciIIl SIlcIOfl,
minister of finance, putting themselves
on record as favoring the financial sec
tion of the experts committees agree
ment as arranged last night through
Owen D. Young.
Reach Acceptance Conditional
A final action and public announce
ment. however. must await completion
of the experts work, in accordance with
the premiers repeatedly announced
policy.
German acceptance of these figures,
which are In. effect those proposed as
a compromise by Owen D. Young, was
given with reservations. all of which
the creditor nations have not been dis
posed to accept. Pending something ap-
proximating agreement on these reser-
vations few close to the conference we're
willing today to predict unqualifiedly
its successful termination.
The general impression, however, was
that the greatest obstacle had been sur
mounted and that a path around the
few remaining impediments would be
discovered. Conclusion of negotiations,
with agreement or non-agreement on
these reservations written into a final
report to the governments, is expected
this week Odds and ends could be
cleared up next week and the confer
ence finis written by June at the
latest.
Lamont Explain Situation.
The situation was explained by
Thomas W. Lamont, American alter
nate delegate. as follows
Both creditor and German experts
have heretofore declared themselves
willing to accept the annuity figures Of
2.050 100000 marks as suggested by the
chairman, although difference existed
on the question of Interpretation.
This difference has now been re-
moved and common basis for inter-
probation acceptable TO both the credi-
tors and to Germany has been found.
subject however. to agreement on the
outstanding conditions, which still re-
main for discussion and settlement"
The agreement on figures came after
rearrangement of the figures contained
in Mr.. Youngs compromise scheme tn
permit a quicker change over from the
Dawes plan to the Young plan, the
average annuity of which had been ac-
cepted in principle by all parties from
the beginning.
The creditor nations wished to have
the heavy payments under the Dawes
plan of 2,500,000,000 marks (about
$685. 100000 continue until the end Of
this year. but the Germans demanded
that the Young plan come into opera
ton as originally contemplated by its
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