Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-07
CONFER ON BERLIN
DEBT CONDITIONS
French and BeIgians Meet
With Stamp-SchaCht
Talks With Young.

BY the Associated Press.
PARIS, May THE reparations ex-
perts today resumed confidential per-
sonal talks in final effort to come to
an agreement on basis Of the figures
proposed by Owen D. Young.
DR.. <.:aIr1ar Schacht, head of the
German delegation, conferred with Mr..
Young this morning and delivered the
text Of certain conditions unoer which
the Germans are ready to accept the
proposed settlement.
These conditions were at once COM
Tnunicated to the French and Belgian
experts who conferred regarding them
with Sir Josiah Stamp, British delegate,
who now seems to be taking part of the
burden of the final work of the confer
ence of Mr.. Young's shoulders.
The conditions, already known in the
main, demand the right to revision of
the plan or suspension of unprotected
payments at any time the Reich may
find itself in economic difficulties.
Ask Right to Call New Farley.
They also ask for the right for
Germany to demand the convocation of
another committee of experts to con-
slider whether the reparations payments
shall not be further reduced under GER
tain circumstances. The unprotected
part of the annuities, which would ibe
the part attributable to interest on
bonds for commercialization of part of
the total debt, would be payable under
all circumstances and would amount,
according as the German offer or the
allied demands prevail, to from 750,-
100000 to 900,000,0o0 gold marks
($180,000,0 900 to S216,000.000).
1t is this point-how much of the
PREPARATIONS debt shall be modified and
what shall be the part Of the cash thus
realized to go to France-that forms
the knotty point of the negotiations.
The French government welcomed the
idea of comrnercialization as part Of the
plan of application of the Locarno
policy adopted at Geneva last Septem-
Der, because it promised the chance for
Premier Poincare to amortiZe at one
ternal debt and to reduce the interest
charge in the budget by $500, 100000
francs. affording an opportunity to let
up somewhat on complaining French
taxpayers.
French critics Of Mr.. Young's scheme
assume that it will furnish little over
half of the anticipated $4,000. 0o0, 900
tlAdI4CO 4OA pun pOOSo VA 0AAANA SAAa0OASAA IA
the French internal debt. They say
Nnce that was the only inducement
aeld out to France to continue its policy
Of concessions to Germany. there Is no
longer any reason for the existence Of
the second Dawes committee.
Schedule Of Payments.
It was confirmed today that the
schedule of payments proposed begins
Fr-tf mn nm erOId YNaFke (ahOilt
S402, 600, o0o), increasing by $4,000, 0c0
gold marks annually. reaching 1885,
100000 (about $492 ,0ooo00) in the
sixteenth year.
Deliveries in kind would be limited
to 10000 600 marks the first year,
diminishing $4,000, 900 marks each year:
The private talks Of the experts will
probably continue for q day or two,
with perhaps q special session or the
creditor nations. before the situation
viii be ripe for a fine decisive plenary
session.
The British, italian, Japanese and
German delegations have been lined
Mp in favor Of the Young plan.
British Adherence Conditional.
Although an agreement was regarded
as dependent upon the attitude of the
French and Belgian experts, 1t is I'M
derstood that British adherence to the
project was made under conoitlonS.
Great Britain insisted that there should
be no change in the percentage fixed
at Spa, Belgium, just after the war, for
the distribution Of reparatiohS among
the creditors, granting So per cent to
France, % per cent to Great Britain,
10 per cent to Italy, per cent to Bel
GUM and the rest to the other cred
itors in small items
This attitude seems to point to further
difhcult negotiations between the cred
itor nations. even If the French and
Belgians are willing to accept Mr..
Young's figures.
Everywhere it was felt that the reser-
vations of DR.. Schacht, German spokes-
man, to acceptance Of the American
plan constituted greater hazard to its
acceptance than the figures themselves.
France and Belgium might be per-
Suaded to accept the figures, It was in
timated In some quarters, but it was
believed the reservations when they be-
came known would be Of such o nature
as to make acceptance impossible.