The Waterbury Democrat., 1932-07-09

I arations conference.
 The seal used on the treaty was first used December z, 1515, to seal a treaty between Berne, Fribourg, and Lausanne, Macdonald said.
 The agreement buried the Young plan; its preamble said it "com- pletely put an end to separations"
 Germany will not pay anything for three years, pending return of German prosperity, which means that if Germany can't sell the bond issue in IS years, she will pay nothing.
 No time limit was set for rat- ification Of the agreement. The signature of the agreement meant that a settlement of the bill for the World war had been reached after 40 conferences dur ing 12 years of international wrangling.
 The question of "war guilt" the clause in the Versailles peace treaty solely responsible for the losses suffered by the allied powers, was not mentioned specifically in the preamble. But the Germans ac- cepted the phrase put an end to reparations" as voiding the famous Gar guilt provision of the Versail- 1 les treaty.
 It was understood that some of the small powers, chiefly Poland and Czechoslovakia. objected to some of the provisions of the agreement and that the signing of | the non-inviting powers might therefore be delayed.
 The delegates at last nights plenary session were in full evening dress. The scene resembled a so- cial function. The opening of the session was delayed when Mac Donald announced that all the doc ! uments were not ready due to me- chanical difficulties in preparing them.
 German Chancellor Franz Won | Papen asked Macdonald what the status of the agreement would be if one of the six inviting powers re- fused to ratify it. ''If an amiable agreement is not reached in such a case, a conference will be called" Macdonald replied.
 The delegates paid lengthy trib- ute to Macdonald for his untiring and courageous efforts in bringing the conference to an agreement, despite the fact that he suffered from nervous headaches due to two recent operations on his eyes.
 "The powers here assembled dealt with one problem resulting from the war with the firm inten- tion of creating a new order based on the establishment and develop ment of confidence in the mutual spirit of reconciliation, collabora- tion, and justice" the preamble to the agreement said.
 "They do not claim that the task accomplished at Lausanne, which completely put an end to repara- tions, can alone secure that peace which all nations desire, but they hope that an achievement of such significance will be understood and appreciated by the whole world and that 1t will be followed by fresh achievements.
 "These further successes will be more rapidly won If the nations rally to this new effort in the cause of real peace. It can only be com ical and political spheres and if resorting to arms or violence.
 "The signatory powers will make every effort to resolve the problems which exist at present or which may arise in the spirit which in- spired the present agreement"
 The convention then discussed a scheme by which Germany would pay ,000,000,000 marks in bonds. not to be issued before three years and to be marketed at time when German prosperity permits. The bonds vii lbe priced at 90, and will