Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-10-26
important Agreement on Gold
Movement Ban Is Reached
UnoffiCiaIIy by Leaders in
Conferences Here.
NEW STUDY OF GERMAN
CAPACITY TO PAY SEEN
Action on Debts Held Necessary
Before Expiration Of Years
Moratorium-Effort to Be Made
by Both Nations to Reach Arms
Convention.
BY G. GOULD LINCOLN.

Mutual understanding and mu-
tual agreements relating to world
economic affairs, reached after
three days of conference between
President Hoover and Premier
Laval of France, gave added
hope today that tangible steps
would be taken to tighten the
burdens which have affiicted the
American people along with those
OF the rest of the world.
Premier Laval, who left Wash
ington to go to New York after
midnight last night, and who is
to sail for France tonight, carries
with him very definite impressions
regarding the policies which this
country Is prepared to carry for
ward.
Statement Carefully WOrded.
A joint statement issued by
President Hoover and M. Laval,
while important in its implica-
tionS, was guarded in It's phrase
ology.
Background, however, provided
from official sources, must be con-
Sidered in connection with the on
cial statements Of the heads of
the two governments. The effort
OF the President was primarily to
md grounds Of cooperation be-
tween this country and France to
aid in the economic revival. Ger
tain specific measures directly az
fecting the United States and
France were included.
Agreements understood to have been
reached, although not oflcially written
into the record, were Of great inn
portance. Among them assurance was
given by the French Prime Minister
that normal movements of gold from
1t was agreed, too. that there should
be a REORGANIZATION of Germany's
capacity to pay reparations under the
existing provisions Of the Young plan.
Contingent upon the outcome Of this
examination, would be denomination
OF the capacity to pay Of those nations
which owe the United States large debts
growing out Of the World War.
Agreements Are Cited.
The oficial communique issued by the
President and M. Laval announced the
following mutual agreements:
First-Some agreement regarding the
intergovernmental debts may be neces-
sary prior to the expiration of the Hoo
Yer one-year moratorium, and steps
looking to such agreement should be
initiated.
Second-They would work for resto-
ration of economic stability and con-
fidence, and particularly monetary sta
hility and the maintenance of the gold
standard
Third-They would seek in every way
to aid in the sterilization of interna-
tional exchanges.
Fourth-To use every effort to make
the Geneva conference for limitation
of ornaments, to be held next February,
q success
No Definite Programs Made.
No definite programs dealing with
these matters have been framed, the
oficial statement issued jointly by the
President and Premier Laval said. Lack
of time made the adoption of definite
programs impossible. The communique
issued at the White House late yester-
day on behalf of the two statesmen
added, however:
I'VE fino that We view the nature
OF these financial and economic prob
lens IT. the same light and that this
understanding on our part should serve
to pave the way for helpful action by
OUR respective governments"
We have made real progress. is
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