Evening star., 1932-12-10
FRANCE TO SET UP
RESERVATIONS FOR
FUTURE PAYMENTS
EnqIand Also Considers De.
mand for Better Terms
on War Debts.
INTERNATIONAL PARLEY
TO BE SOUGHT BY PARIS
Final Decision on Course of Action
Will Not Be Made Until
Monday.
nv the Associated Press,

ny the Associated Press.
PARIS, December 10.-A resolution
making payment of the December IN
stallment on the American debt condi-
tional upon an assurance that the DEBT
structure will be reconsidered before the
next payment is due was drafted today
by a Joint subcommittee Of the Finance
snd Foreign Affairs Committee OF the
Chamber Of Deputies.
It emphasizes the French contention
ohat an international conference to set
1e the entire debt problem Is OF para
mount Importance If catastrophe con-
seouences are to be avoided, particularly
rom the standpoint of money exchange.
The resolution reaffirms the deter
nination of France to respect ner opn-
pations and the general adherence OF
This country to the doctrine OF arbltra-
ton in all disputes.
Want Conference.
The second part of the document,
which will be presented this afternoon
to a Joint session of both Chamber
committees. indicates that France Will
he unable to make the December pay
ihent of SIC, 100000 without q declara-
ton from the American Congress for an
international conference on the whole
debts problem.
It was reliably reported today that
Great Britain also is negotiating reser-
vations to be attached to next week
debt payments to the United States.
Parliamentary circles here were IN
formed that, although England has
decided in principle to make the De-
cember payment, 1t has not yet agreed
upon the character OF the reservations
to be appended.
Previous unofficial reports were that
both countries were sounding out Wash
ington to learn If Thursdays payments
could be used as o credit account In
new debt settlement to be arranged
later.
Postponed to Monday. =.
Premier Herriot's Radical Socialist
group in the Chamber of Deputies met
today and studied possible debt solu-
tions but decided to refrain from pass
ing upon q definite resolution until a
meeting to be held Monday. Ofdcsrs Of
the party have voted unanimously Tor
reservation.
A majority Of the French cabinet
seems to favor payment with conditions
attached.
Persistent reports In French quarters
were that the American Ambassador,
Walter E. Edge, has been instructed to
inform France certain reservations
would be unacceptable. The American
embassy fatty denied Mr.. Edge had
been drawn into the negotiations in any
manner.
The Chamber Foreign Affairs Com
fnittee voted overwhelmingly yesterday
for reservation that payment be made
on the condition the United States
agree to an international conference to
Mquidate the entire debt problem. The
Chamber Finance Committee similarly
voted against unconditional payment,
but did not decide what reservation to
make. A common resolution was the
aim of the joint meeting of the two
committees today.
Note Received Yesterday.
The second American note refusing
suspension of the payment due Thurs
day was received yesterday. In official
quarters it was said that the note con-
tanned constructive suggestions which
would be studied by the government
end by Parliament.
THE American reply contains the
possibilities of an agreement" one OH
cial said.
The Chamber Finance and Foreign
Affairs Committees also heard discus
sion of the debt question by the pre-
mier and the finance minister yester-
day. Subsequently they issued joint
communique.
IN. Herriot recalled the conditions
Ander which President Hoover was led
Ia July, 1881, to ask for a moratorium
of one year for the interallied debts,
and he also referred to the communique
issued on the occasion of the trip made
by M. Laval to Washington" the state
ment said.
m. Herriot also referred TO the note
France sent to Washington in Novem-
ber with the view of proposing a new
examination of the debts, and Amer
ica's reply to this note, which was fol-
lowed by a second French note. M
Herriot gave brief summary OF Wash
(Continued on Page 2, Column D.