Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-07-05


ment, but they had practically no coun-
sci from technical experts. The French
statesmen were aided by a corps Of
experts and 1t Is conceivable that some
changes may be suggested by Washing
ton after the agreement Is examined
there.
On two points, which remained un-
settled. it Is understood that tonight's
agreement provided as follows:
On the question of suppression Of de-
liveries in kind, which had been rec
commended by the United States, 1t
was decided that this matter can well
be left to the countries affected to be
regulated among themselves.
Purely European Question.
The United States is understood to
have decided that, after all, this Is
purely a European question, affecting
the signatories to the Young plan, with
which America feels it has no real right
to concern itself.
This question will doubtless figure on
the agenda Of the projected Young plan
conference.
France has particularly stressed what
she calls the justice of allowing the
operation of those ccntrac.s for de-
uHGIICS III hulu uIduC WIFI
by such countries as Jugoslavia and
Czechoslovakia. The French feel that
the remuneration Of these contracts
would prove serious financial blow
to those countries and they argue that
1t would also tend to increase unem-
ployment in Germany.
The second point which needed set
tlement at the conference was that of
the period of time which would be
given Germany to refund the one
years reparations payments to be sus-
pended under the Hoover plan.
Time Reduced to 10 Years.
In the spirit Of concession. Secretary
Mellon and Ambassador Edge had cut
down their original period of Is years
to 10. France wanted to limit the
period to five years but the French
statesmen were understood to have &C
copied the emphasized American con-
tsntion that this would not afford suf-
flcient time to Germany and might I'M
favorably affect the Basic idea of Presi-
dent Hoover's plan to afford real help
to a Germany now in distress
Germany is to get back all of the
suspended annuities, as credits through
the World Bank for International Set
Elements. The desire of France to
have some Central European country
benefited by this credit will be met in
another way. by advances from central
banks, including, presumably, the Amer
lean Federal Reserve Bank.
Suggestions Offered.
Various suggestions have been put
forward to- meet Frances desire to be
relieved of depositing a guarantee fund
In the World Bank for International
Settlements in the event of a future
moratorium request by Germany. These
must go through the mill of the forth
coming Young plan conference.
They include proposal that France
deposit only part of the stipulated
10000, 900 reichsmarks (about $125.-
000,O00D and a suggestion that the
guarantee fund be abolished altogether
and new accord worked out with
countries which might need credit adj
vances because OF the cessation of con-
ditional PREPARATIONS payments by Ger
many.
For instance, it was proposed that
France might suggest some arrange
ment Tor paying out parts of the I'M
conditional annuities which she would
receive from Germany during the mora
torirm period, to take the place of the
conditional annuities which other co,ln-
tries entitled to reparations would lose.
Conference Ends at 1 AM.
1t was just before / o'clock this morn
ing that the French and American con-
ferees emerged from the conference
chamber and that the communique they
issued was read. Secretary Mellon and
Ambassador Edge, accompanied by
Councillor OF Embassy Mariner and the
embassy secretary Robert Pell, walked
swiftly throukh the crowd of waiting