Evening star., 1929-06-04

10000 marks approximately S408 8oco,--
0oO) over a period Of 81 years, and
900, 100000 marks approximately S24o'-
600 .0O0) for one year.
These annuities were accepted by the
Germans with certain conditions, Wnlch
in turn were eventually accepted by the
allies with reservations, an agreement
between both sides finally being reached.
Will Aid Peace.
The settlement, in the opinion OF all
the experts who took part IN II, Will
90 farther to consolidate the peace OF
Europe than anything which has hap
pened since the peace conference. =,
One consequence much commented
upon in allied circles is that 1t is felt
here virtually to make the reparaticns
and debt settlement German-Amerl-
can problem, since, apart from greatly
reduced sums for the reconstruction OF
devastated regions the greater portion
of annuities will go to meet payments
by the United States war debtors.
It is felt that it would be going too
far to say that the agreement Will sat
isfy all parties The French feel that
they are getting less than they ought
to have for reparations, properly speak
ing, while the smaller creditors con-
slider that they have been pinched in
the pairing down process necessary to
meet the Germans.
1t is regarded, however, that French
public opinion is prepared to accept the
accord because, while held to be utterly
inadequate, 1t is looked upon as the
best that can be expected ever to be
carried out.
There was feeling of great rejoicing
around the Hotel George V. when Emile
Francoui, the Belgian delegate, told his
colleagues:
Belgium wants what is due her. She
does not want to prevent an agreement
on the vexed-question OF reparatlons. Sne
accepts the procedure recommended by
the other allies, but on the strict condi-
ton that the Germans open negotla-
tions at once for redemption OF the
marks they left in our country and do 1t
without involving any question OF terri
torial ceSsion."
Mr.. Young, who played so prominent
a part in the Dawes agreement, was the
first to receive the congratulations OF
his colleagues on this second agreement.
1t was felt to be his success.
Conference Delegates.
The delegates to the preparations
conference were as follows:
Great Britain-Sir Josiah Stamp and
Lord Revelstoke, both directors OF the
Bank of England. Lord Revelstoke
worn. out. by his exertions, died In the
midst of negotiations on April 10, and
was succeeded by Sir Charles Adds, an
other director of the Bank of England.
France-Emile Moreau. governor o1
the Bank of France. and Jean V. Par
mentier, director of the movement OF
funds at the Ministry of Finance and
member of the reparations committee
on transfers.
Belgium - Emil Francqui former
finance minister. and M. Gutt, leading
banker and recognized expert on Euro
pean finance.
aly-Commendatore Pirelli and Prof
Switch, both well known experts on
European finance.
Japan-Kengo Mori, former financial
attache in London, and M. Aaki, under
governor of the Imperial Bank Of Japan
Germany DR.. Hjalmar Schacht
president Of the Reichsbank, and DR..
Albert Voegler, head Of large steel in
terestS and a director of the Reichs-
bank; DR.. Voegler resigned because ne
| believed the settlement demanded o1
Germany unacceptable" and was sue
ceeded by DR.. Ludwig Kastl.
United States-Owen D. Young and
J. P. Morgan; alternates. Thomas Mel
son Perkins and Thomas w. Lamont.
NATIoNALIsTs QUIT REICHsTAG
BERLIN, June CP.-German Ma
-. -