The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-05-04

Paris. May 4.-(P,-Thc German
and American reparations delegations
have reached full agreement on
complete settlement of the repara-
tions problem. It remains however
for the Americans to win the French
and Belgian delegations to their plan.
Owen D. Young, chief Of the Amer
ican delegation, today was comforting
with the delegations Of the other
creditor nations to this end.
The British and the Japanese dele
cations were stated auth0ritatively
tentatively to have approved the set
tlcment. leaving France and Belgium
particularly and possibly Italy dis
Scnting.
The final decision of course rested
with France. far and away tho larg-
est creditor.
plcnary Session Expected
II conferences today are favorable
II was believed there will be plenary
session Monday, when various OF the
reparations experts who have left
Paris will have returned.
It was said there were naturally
many details to be arranged yet but
the broad outline Of the plan was
we'll defined.
It was far from certain the French
and Belgial,s will accept tho Ameri-
can proposals. The French point Of
view is they presented an irreducible
minimum claims total. based OH what
they must pay to America plus only
fraction of what they have spent
for reparatiOnS.
Premier Poincarc has declared pub
licly that France cannot make further
sacrifices and it was commented that
even II the French experts approved
the Americans plan in order to dis
pose of the vexing problem it was
most probable parliament and the
government would reject the settle
ment.
Observers Are Skcptica1
Observers close to the delegations
themselves said there was only q slim
hope the settlement agreed upon by
the Americans and Germans would
prove acceptable to the French or
Belgians. Mr.. Young, however. they
said, was determined to do his ut
most to achieve the settlement which
the committee already has spent
three months vainly seeking.
The proposed settlement just about
splits the difference between the ORR
ginal German offer Of annuities of
l,65O.OOO 900 marks and the allied de-
lnand Of ennuitics Of 1900, ,000, 900
marks.
The German offer, calculated at
five per cent interest plus nine-tcnthS
per cent for amortization. had q
present value Of about 10000. .000, 900
gold marks (about $6,240, 600. .O0O). The
allied demand amounted roughly to
$1,000 100000 marks. totaling. when
costs of the army Of Rhine occupa-
ti0n and redemption Of Belgian cur
rcncy was added. about Il 000. 900 900
marks (about $4,000. .O00. .000).
Run Only 81 Years
The settlement agreed upon by the
Americans and the Germans provides
for annuitieS to run only 81 years.
The payments Of l,750. 900. 900 marks
needed for the succeeding q years to
meet the debts Of the allied countries
to America would be met BY the In
tcrnational bank from its profits.
It was explained that II one con-
sidered the allied claims as reduced
by those three billions ESTIMATED
present value Of the last q years. an
nuities) to little over $4,000. .000. 900
marks then Mr.. Young's compromise
OF $4,000, 100000 marks was almost
exactly between the original German
offer and the creditors bill.
In this connection It was comment.
cd that DR.. schacllt proposed ori-
ginally the international banks have
capital Of 5000, 1000 gold marks
but that the conference trimmed this
down to 100000.
Mr.. Youug's plan calls for m irt-
tial payment Of l676. 100000 marks
fabout 1102. 600 0.O0O) to increase at the
rate Of 26O0O,000 marks (about o..
000yO00) yearly to 1901. 100000 marks
lt the end Of the tenth year (about
946o.O00 O00). In the eleventh year
there would Be . decided Jump In
figures.
Snbject 70 Transfer
Throughout there would be m un.
protected subject % transfer regard.
less Of econouic conditions of about
100 .O00, 900 marks (about 3ioo,O0o.-
oo0) which II was said would be SUI
licient to commentaries nearly IL
0o0.0oo;Aoo marks Of the separations
dobts.
Although the plan was Ia fairly
definite form - agreed upou hy Dr.
ochacht and Mr.. Young. 4 was m.
dcretpod . great deal Of flexibllity
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