New Britain herald., 1929-08-28
in the Young plan.
 Cnrmany Has Gone Limit

The chlef or the Re1cn QeleSd- ton said that the Germans in Paris had gone to the limit of their coun- try's possibilities when they ac- cepted the schedule of annuities under the Young plan. They were now asked to make another sacrifice in order to facilitate an accord among the creditors as to the dis tribution of separations money which after all, does not concern the German government.
 He set up definite claim to share in the surplus of the Dawes plan payments over the Young an- nuities from April to September.
 In the face of this new check to the progress of the conference and what had happened had promised a complete agreement by compromise it was decided that the German and creditor experts go over the figures submitted by Dr. Stresemann. Meanwhile the delegates took a re- cess until later in the afternoon.
 'Optim 'sm Prevails
 Despite the apparent setback, the general feeling at this mornings meeting was that an agreement would be possible with Germany at the expense of some concessions and there was some talk of full session tomorrow to wind up the confer ence.
 pr. Stresemann showed a spirit of
 %N +In SOO,O0O,000 mark surplus on which the creditors count to provide part of the increase in the British an- nuities, but declared in that case Germany would insist that the costs of occupation of the Rhineland be paid as from September 1 by the occupying powers.
 Other complicated computations respecting the balances Germany was asked to give up, were referred to the experts.
 SnoWden Bids For Bank , Philip Snowden, British chancel Tor of the exchequer, having obtain ed three quarters of what he asked for in increased separations under the Young plan, is now making q strong effort to have the bank of international settlements located in London.
 | He posed his question in the fam ous midnight session of the confer ence of the governments here, at which representatives of Great Bri.- ain, France, Italy, Japan, Germany and Belgium were present but they refused to discuss the question in connection with the financial fea- 1 lures of the plan.
 MT. Snowden declared he should 1 have that concession for consenting i to the reduction of his claim from 4S,0O0,000 marks to 36000,0 900 1 marks annually. Aristide Briani, | French premier declared that there was no question of compensation in- volved, and that the British sacrifice was nowhere nearly as great as that 1 France had made and that the con- i troversy must be settled purely on 1 it's merits.
 IefmS Oi CompFOmlSc By the terms of the new arrange ment Great Britain will receive be- | tween 70 and so per cent of the ad- Citional share of German repara- tions it asked, will secure a sizeable | cut in the German unconditional an- nuities, and obtain important con- sessions with regard to deliveries in | kind.
 The concessions which made the new arrangement possible were principally by France, with smaller Belgium contributing it's share, and Italy, also chipping in.
 Besides the concessions of France. Belgium and Italy, the agreement involved Germany's surrender of its share in the surplus of the Dawes plan payments between April and September of this year over the pay ments prescribed in the Young plan.
 Rhine Evacuation Likely
 This German concession was eX- | pected to materialize as a kind of trade with France to procure the more immediate final evacuation ol the Rhineland, which Dr. Strese- mann, German foreign minister, has promised his government to obtain. | Broadly the agreement reached by the creditor nations and Great B, it. ain gave the London government G0,000,000 marks out of 4S,000,000 asked (about $9,600,OOO against $11, $40, ,000.)
 Of 40,000,000 marks, 36,000,0 ,000 were said to represent unconditiona! commercializoable German annuities 1.early all of which had been allot- ted to France in the Paris draft of | the Young plan.
 The third phase of the agreement was concessions to Britain to pay -nent in kind. Among these was the agreement by Italy to buy an addi- tional 10n0,000 tons of coal annual ly for the state railroads on the separations account.
 Britain Is Joyful
 London, Aug. 2S GPl-Tho agree ment reached yesterday at the Hague conference on separations is welcomed joyfully in Great Britain.
 The feeling of qualification is re- .lected in the afternoon press in | which "Snowden's winning smile" is reproduced in pictures and the ''bir victory for Britain winch is cred : lted to the chancellor of tke cx- ch4quer, heartily acclaimed | The labor chancellor's firm stand Ut the Hague has been generally ad hired in Great Britain and the vic tory he has gained is all the moro welcome because of indication ol strain beginning to snow in Britisl political circles over the long dead 'ock caused by British claims.