Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-11-20
BERLIN REQUESTS
COMMITTEE PROBE
OF FINANCE STATUS
World Bank Asked to Call
Advisory Body Under Young
Plan Agreement.
SEEN AS FIRST FRUIT
OF LAVAL VISIT TO U. S.
Tew York Interests Communicate
With Leader of Reichsbank
on Changes.
o. the Associated Press.

o. the Associated Press.
BERLIN. November 20.-The German
government in a memorandum to the
World Bank, made public today, made
application for the convocation of q
special advisory committee to examine
her ability to pay reparations as pro-
Vided in the new plan of Hague agree
ments of January 20, 1880" This is the
Young plan.
The memorandum said
las the present circumstances re-
quire that measures be taken with the
greatest urgency. the German govern
ment proposes that a special advisory
council should meet without delay and
that it should carry out its task as
quickly as possible, so that confer
ence of those governments which are
concerned with decisions to be reached
may take place in the very near future. "
Reference to Hoover.
Reviewing developments since last
June. when Germany decided it would
be unable to continue payment OF an
nuities, the memorandum recalled this
conclusion was followed by the far
seeing initiative" of President Hoover
in his proposal for years postpone
ment of all payments on account OF
intergovernmental debts.
The hope the adoption of this pro-
posal would bring about decided i'm
proyement has not been realized, the
memorandum said, and the Hoover
year" by itself was not sufficient to
Danish the danger of Germany's col
lapse.
So the London Conference was called
resulting in the So-called standstill
agreement evolved at Basel and In the
report OF the committee of experts nom
mated by the World Bank.
The memorandum emphasized the
"merely preparatory character" Of all
these measures and asserted Germany's
financial situation had reached state
of extreme tension" during the months
since those measures were taken.
World Problems Involved.
The world, said the note, has in
creasingly realized the interdependence
of different financial problems caused
by this situation and the necessity to
tackle them as whole without delay"
The idea that this task would best be
approached by converting the Special
Advisory Committee arose recently, the
note said, and since under the Young
plan the initiative in such move lies
with the German government, Germany
therefore decided to take the step.
The memorandum made it clear that
while application of the privilege to re-
quest O meeting of the World Bank
Committee was made conditional upon
Cermany's conclusion that her eco
nomic life might be seriously endan-
gered by transfer wholly or in part of
&he ''poStponable portion" of the annui-
ties, the German government feels
obliged to state that "a declaration in
these terms does not do justice to the
actual position"
Resignation . Shock.
Chancellor Bruening's special eco
non1ic advisory council, of which Presi-
dent Won Hindenburg is chairman, was
given q Jolt today by the announcement
Of three agricultural members that they
ported also that the six Labor repre-
gentatives also contemplated reSigning.
At this councils first meeting re-
Gently the President urged the members
to forget factional interests and devote
themselves entirely to the interests of
the nation. The council has been in
almost continuous session and its re-
port was to have been made at the
beginning of next week.
In a letter to the chancellor the
agricultural representatives said they
were withdrawing because the govern
ment decided upon special relief meas
ures for Eastern Prussia without con-
suIting the committee and without pro-
viding similar relief for farmers in the
rest of Germany.
LAVAL TRIP "REARING FRUIT.n