Evening star., 1932-12-08
HERR|OT TO SEND
PLEA TO HOOVER
Will Ask President to Make
Last Effort to StaVe Off
December IS Payment.
Continued From First Page.)

Continued From First PageD
because he was suffering with Sc
we're cold.
M Herriot was accompanied by r.
Coulondre, director of commercial ac-
cords at the foreign ministry.
Louis Germain- Martin, minister OF
finance, and jacques Bizot, under
director of the general movement OF
government funds, who accompanied
former Premier Laval to Washington
last year, also were present.
Mr.. Macdonald was accompanied by
Neville Chamberlain, chancellor of the
exchequer, and Mr.. MacDonald's secre-
tary, Noel Butler.
No More Meetings Today.
Shortly after the conference opened,
the British embassy announced Mr..
Chamberlain planned to leave for
London this afternoon and Mr.. Mac
Donald for Geneva, tonight. When It
was over NJ Herriot returned to his
office and 1t was announced there would
be no more meetings today. MIR. Mac
Donald is going back to Geneva tonight.
Meantime, the Socialist group of the
Chamber of Deputies voted that the
debts issue should be discussed today
D
Committees even if M. Herriot declined
to appear before them, and that debate
on the debts should begin in the
Chamber on Saturday, instead of Mon
day.
Several Socialist members said they
would force discussion of the debts in
the Chamber tonight if the committees
failed to meet today.
Two deputies, Pierre Cot, Radical,
and Rene Brunei, Socialist, filed joint
resolution proposing settlement of the
debts by arbitration based upon
equity" They explained that this would
be different from juridical arbitration
as at The Hague, and would be founded
on considerations of equity under the
existing Franco American accord.
The two Socialist deputies, Marquet
and Ramadier, advocated payment of
the American debt, contending that
France is honor bound to pay, but the
majority of the party opposed payment.
World Bank Bills Proposed.
Another Socialist resolution, already
presented for consideration by the
'nober, proposes issuance of interna-
tic. / bills by the World Bank, to be
paid off by the debtor countries over
period of six years.
The United States and France each
would deposit gold with the bank to
the value of 10000 100000 francs. and
England, 100000, ,O00 Germany would
deposit 18000000,000 francs in the
form of customs bonds. England 3,000,-
100000 in the same form, and other
debtor nations 100000 COO
Thereafter the bank would issue in
ternational bills to the value of 50,-
000, 100000 gold francs, giving the
United States and France $4,000, 100000
each and England 1000 ,000, 900, repre-
senting their gold deposits.
The remaining 25,000,000, 900. in the
form of international bills, would be
turned over to the United States in
payment of the European debts, and
could be used by the United States on
a gold basis in payment of customs on
goods sent to Europe.
The bills would be amortized within
six years by payment of currency into
the world bank to the amount of the
customs charges levied by the respec-
tive countries. Eventually the bills re-
naming in circulation would be en-
tirely covered by gold deposits and the
nations would then decide whether the
gold deposits should be restored.