Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-05-24
Dr.. Schacht Again Confers
With Creditors as Breach
Continues.
THREE POINTS IN DRAFT
OPPOSED BY GERMANS
Decisive War Debt Action Is Look
ed For as Result of Dele
cations Conference.
BY the Associated Press,

By the Associated Press,
PARIS, May 24-With reparations
experts still deadlocked In their efforts
to reach an agreement, DR.. Hjalmar
Schacht, chief of the German delega-
ton, went into conference with Owen
D. Young and the creditor delegates
this afternoon. There we're suggestions
in some quarters that the result Of this
conference might be decisive.
The experts are looking more or less
to Mr.. Young, American representative,
to find some way out Of the impasse.
The German delegates in their con-
versations thus far have refused to
bulge in the demand that their reser-
vations to the annuities proposed by
Young be accepted.
Delegations Are Divided.
It was learned authoritatively that
the British and Japanese delegates are
inclined toward acceptance Of the pro-
posals of DR.. Hjalmar Schacht Of Ger
many, but the French and Belgians,
with some support from the Italians,
are firm in their intention not to make
further sacrifices.
There were many private talks this
morning, but little that showed above
the surface was accomplished.
There was an undeniable air Of pes
simism this morning about the German
camp as DR.. Hjalmar Schacht and his
conferee, DR.. Ludwig Kastl. examined
the revised form of the draft report of
the conference submitted them by the
O.
nor those representing the former al
lied nations saw much hope of their
acuuieScence in the draft report.
Resignation yesterday of his colleague,
DR.. Albert Voegler, immeasureably in
creased the task Of DR.. Schacht,, weak
ening as it did his position at home
and robbing him here of the support
of one thoroughly at home in the maze
which the reparations deliberations
have turned out to be.
Schacht Resignation Rumored.
There were persistent reports in Paris
last night that he had followed Or.
Voegler's course and had himself re-
signed. There was no confirmation,
both here and at Berlin. THAT Is rub
bish, utter rubbish" one high in the
German delegation remarked, although
exactly similar comments were made
Wednesday when DR.. Voegler's resigna-
ton was first reported.
There was one redeeming feature for
DR.. Schacht In the situation created
by Dr. Voegler's quitting, it being an
increased consideration for his position
by the cerditor nation experts, but there
was doubt that this would be suf1cient
to alter their terms In such fashion as
to make his acceptance easier.
At least three points appeared In the
draft report as presented DR.. Scacht to
ton and which seemed likely to prevent
an accord. These three points were:
First, the Belgian demand for an
nuities of 25000.000 marks (approxi-
mately $3.50 ,000) for 81 years. in ad-
dition to the regular annuities, to re-
deem the deprecated marks left by the
Germans in Belgium during the war.
It was the German contention that
this problem was Of a political nature,
outside the scope Of the experts con-
ference.
Effective Date Is in Dispute.
Second, the German request for the
power to suspend the payments on part
of the protected annuities to the agent
general for reparations in Germany, In
addition to suspension Of transfer pay
ments for two years. Although this
demand had been rejected by the
creditor nations once 1t still was in
sisted upon today by the Germans
Expectation of the creditor nations
that the prospected settlement would
not become effective until September
/, 1929, end Of the present Dawes plan
fiscal year. or even much later was the
third point of difference between them
The Germans have insisted all along
that the settlement should date from
April of this year. A saving of some
thing less than 100000 900 In this
years annuity could be effected If their
contention was sustained.
Some of the creditor nation dele
gates have maintained that the new
settlement could not be put into effect
until after New Year day in any case
and perhaps not before April Of next
year. They have refused to suspend
the Dawes plan In the meantime.