Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-08-07
FRANCE AND ITALY
DEFEND DEBT PLAN
Hold System Must Be Ap'
proved if Conference Wants
to Liquidate Problems.
BY the Associated Press.

BY the Associated Press.
THE HAGUE, Netherlands. August 7.
The Young reparationS plan, which
came in for heavy attack by Philip
Snowden, British chancellor Of the ex-
chequer, at yesterdays opening sessions
OF the Preparations Conference. had two
defenders today in the delegates of
France and Italy.
Henri Cheron, French finance minis
ter, and Senator Masconi Of Italy both
took the position that the new system
of reparations payments and the new
schedules OF annuities were elaborated
by the experts at Paris with great care
after the greatest difficulties and must
be approve% II the present conference
wants to get on with its mission Of TAX
ing the thorns out Of European politics
and liquidating the last problems left
over by the World War:
France Has Reached Limit.
The French finance minister insisted
that France had made repeated sacri-
fees in order to facilitate compromise
on the reparations problem and had
reached O limit which she could not
pass.
Senator Masconi. replying to Mr..
Snowdens speech of yesterday, declared
that Italy was receiving under the
Young plan only what was due her.
While France and Italy were defend
ing the plan against Mr.. SnowdenS
criticism, which vas concerned with
90 iha,Nf Nf hn rof inn RI
be paid by Germany, the smaller coun-
tries gave indication of a determined
move on their part to obtain an in
crease in their allotments, although
they are not going so far as to demand
revision Of the entire plan.
NJ Titelescu of Rumania referred the
conference to letter which his gov
eminent addressed to France. England
and Italy last month declaring that the
sums allowed his country under the
Young plan were insufficient to meet Its
outpaynents and could not be accepted
NJ Ulrich Of Portugal also made the
plea that the smaller reparations cred
itors be given more consideration.
Snowden Reiterates Stand.
In the face of increasing flrmness
by France and Italy in favor OF the
present apportionment of German
reparations among the allies in the
Young plan. Philip Snowden, British
chancellor of the exchequer, today re-
iterated his governments determination
to obtain revision of the Young plan.
Mr.. Snowdens speech yesterday In
the first business session Of the 1925
conference of The Hague for putting
into effect the Young plan put the
ISSUES between Great Britain and the
other creditor powers over their shares
squarely up to the delegates. After
Finance Minister Henri Cheron OF
France and Senator Masconi Of Italy
had stated their attitude this morning
Mr.. Snowden reaffirmed his standpoint
in an interview with the press.
The British chancellor made more
definite the British opposition to thu
scheme for the bank for internationa
settlements as 1t was elaborated by thu
financial experts Of the Young com
mittee.
He said that opinion in the Londor
city" headquarters of British bank.
ing, had in the past few days turned
against the International bank ides
because Of its projected plan to buy ane
sell gold.
Mr.. Snowden said there was a feal