The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-06-04
EUROPE'S POSTWAR
PREPARATIONS SNARL
OFFICIALLY SETTLED
BeIgians Accept Proposals To.
ward Solution Of Contro.
versiaI Problems
EXPERTS REPORT APPROVED
Accord Will Facilitate Ratifica.
tion Of Allied War Debts
to United States

Paris, June 4.-(R1-The last barrier
t. a complete agreement by the ex-
perts' committee on the reparations
question wa: removed today and the
long outstanding problem Of Europe's
postwar life may be considered Of
ficially settled.
The Belgians this afternoon ac-
cepted proposals presented by DR..
Hjalmar Schacht looking toward So
luton Of the controversial problem of
the redemption Of German marks left
in Belgium after the war, for which
Belgium is demanding 81 annuities Of
IS. .O00,0c0 marks (about $1,000, ,0O0).
With the acceptance by the Belgi-
ans of the German proposal. approval
Of the experts report embodying the
reparations annuities suggested by
Owen D. Young, the chairman. now
be comes uncnimous, and the historic
report, which must still be submitted
to the governments concerned for
ratification. will be signed either on
Friday or Saturday.
The reparations experts brought
their efforts to solve the reparations
problem to successful issue when the
Belgians announced acceptance Of the
proposed procedure for settlement Of
the question Of German marks. This
disposed Of the last contested points
In four months Of negotiations. in the
course Of which the conference was
twice OH the point Of breaking up.
The agreement, as 1t will be noti-
fled to the reparations commission
and the governments concerned, re-
duces Germany's rcparations debt
from about $50, 900 ,000, 900 present
value to $4,000, 900 900.
It will eventually give France be.
tween 10000, ,00O, 900 and $4,000 900 ,O0t
francs tbetween 81 600, 100000 anc
81 1000, ,O0O, ,O0O) to reduce her interior
debt, relieving the budget Of from
2 600, ,000, 900 to $500, 900 900 francs.
The accord incidentally is expected
to facilitate ratification Of the alice
war debts toward the United States
It will also lead to evacuation of the
Rhineland by the allied armies of oc.
cupation within the space Of time
required for necessary negotiation!
and material arrangements to with.
draw the forces now there.
The experts report will make thu
main rccommendation that the annu.
tiles proposed by Mr.. Young. thu
American financier, be adopted. These
annuities call for the payment ol
2,050, 900 900 marks approximately
$4o2 900 OOO) over period Of 8
years, l,700, ,000, 900 marks tapproxi.
mately $4O8, 900 ,000) over a period o.
q years, and 900, ,OOO. 1000 marks Zap.
proximately $2l6, 900 ,000) for one year
These annuities were accepted By
the Germans with certain conditions
which in turn were eventually accept
ed by the Allies with reservations. az
agreement between both sides final!
being reached.
The original bill presented by thu
Allies during the present conference
called for 81 annuities Of 200, 900 ,00'
marks, 81 annuities of 1,700, 900 .00'
marks, and one annuity Of 800, 600 ,O0'
marks. It was estimated that this hat
Z present value of bet lccn $4,000,
100000 and $4,000, 900 900.
The Germans rejected this as beinl
too high and made counter -offer o
.6SO, ,O00, 900 marks over a period o
81 years.