1929-08-12 — Page 2

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THE HONGKONG TELEGRAPH. MONDAY, AUGUST 12, 1929.

THE REPARATIONS

PROBLEM.

REPORTED RESTORATION

OF HARMONY.

1.

The Hague, Aug. 10.

It is learned that Mr. Snowden told the Finance Committee of the Conference this morning that bo could not wait any longer for a de cision. He did not want to remain at The Hague for the rest of his life!

The Committee adjourned till Monday in order to give time for further consideration of Mr. Snowden's objections to the Young plan.

In the course of the discussion prior to the adjournment Mr. William Graham (President of the British Board of Trade) again em- phasised that the British delega- tion would not compromise in-re- gard to the retention of the Spa percentages.

M. Cheron suggested that a way out of the deadlock might bo found in a re-urrangement in re- gard to the deliverica in kind,

Mr. Graham stated that de- liveries in kind most adversely affected British export trade and greatly influenced unemployment In Great Britain. The British Buch Government wanted to kee deliveries abolished or at least re- duced to the smallest possible period.

M. Cherón argued that the Young plan was more advantage- ous to Great Britain than the pre- vious system.

Mr. Snowden said that he was astonished at M. Cheron's argu- ments and figures, not a single one of which he accepted. He added that it wus time that his three points were discussed. He did not wish to remain at The Hague for the rest of his life and insist- ed, on a discussion on Monday of his resolution.--Reuter,

The three points are: First. That Great Britain loses £2,500,000 yearly compared with the Dawes scheme;

Second. Great Britain is ex- pected to forge £200,000,000 al- ready made to Amerlen.

Third. The exclusion of Great Britain from a share in the uncon- ditional portion of the German an nuities.

Mr. Snowden's resolution is to for a sub-committee of Treasury experts to submit proposals on any question raised regarding the nethed and amount of annuitles provided by the Young plan:]

A Sunday Sitting,

The Hague, Aug. 10. The representatives of the six major Powers are meeting to- morrow to discuss whether it will he possible to resume the Con- ference on Monday.-—Reuter,

Harmony Restored.

The Hague, Aug. 11. A meeting of the heads of the eix principal delegations has re- sulted in a restoration of harmony, and the Financial Commission will resume its general discussion on August 12-Router,

PHRASE RESENTED. Mr. Snowden Retracts Some Home Truths.

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"grotesque and ridiculous" as up- plied to M. Cheron and explaining that the words, as used In England are not unparliamentary or dis- courteous, and disclaimed the in- tention

of hurting M. Cheron's feelingsgeuler,

France, Not Appensed.

Paris, Aug. 11. Mr. Snowden'a apologia has not conciliated the French press, all sections of which are indignant.

The Petit Parision refers to Mr. Snowden's "spiteful" intervention.

Le Journal recalls that Mr. Snowden in the House of Commons described the French as cheats.

The Echo de Paris refers to Mr. Snowden's "gross insults and in- solence,"

Ere Nouvelle says, "Mr. Snowden bus deliberately Involved England in a most foolish adventure."

Le Peuple, the tradé union organ, expresses consternation at the at- titude of professedly Socialist Government-Reuter.

Mr. MacDonald Called.

London, Aug. 10.

W45

Paris, Aug. 10. The Havas special correspondent at The Hague describes Mr. Snow- den's reply to M. Cheron in the financial commission this morning Mr. Ranisay MacDonald as "particularly violent." He says hurriedly recalled from a golf that Mr. Snowden seemed to have function at Lossiemouth yesterday lost all notion of international evening on "urgent business, courtesy when he said that M. which the papers connect with Cheron's Interpretation was inad- The Haguq crisis, missible and kilded, “I am almost tempted to regard ‡i grotesque and ridiculous."-Reuter,

M. Briand Protest

The Hague, Aug. 10. M. Briand has officially protested to the chairman of the Financial Commission against the phrase used by Mr. Snowden that M. Cheron's explanation of the Balfour Note was "grotesque and ridículous."Reuter,

It is stated that the Prime Minis- ter has ordered an aeroplane to be in readiness to take hiin southward to-day-cuter.

Aeroplane Ordered.

Edinburgh, Aug. 10,

+

An aeroplane was ordered for Lossiemouth this morning from Leuchars Aerodrome, Fifeshire, to convey Mr. Ramsay MacDonald to Edinburgh.

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Important Conference.

London, Aug. 11. Before flying back to Lossici mouth yesterday evening, after the cotton conference, Mr. Ramsay MacDonald conferred with the Rt. Collet Norman, Hon. Montague Governor of the Bank of England and Mr. Lamont, the American banker, who is a member of the Young Committee.-Reuter.

An Indivisible Whole.

Paris, Aug. 10. According to the Petit Parisien, at a meeting at The Hague yester- day of the French, Italian, Belgian, and Japanese delegates to the Con- ferénce it was decided to support the Young Plan as an indivisible whole and not permit any material change in the plan, but to offer

Great Britain certain minor conces sons in regard to deliveries of coal, etc.--Reuter.

American Opinion.

Washington, Aug. 10. Offcial and diplomatic circles here are of opinion that Mr. Ram- say MacDonald is the only hope of averting collapse at The Hague Conference.

Mr, Cotton, neling Secretary of State, said that the United States desired to see a final settlement of reparations evolved by the Powers, but the American Government did Meanwhile Sir Horace Wilson is not necessarily support the Young going to Edinburgh from Man-Plan or any other form of settle chester to meet the Prime Minie-ment in preference to another. Mr. Snowden has issued a state-ter to discuss the cotton situation Reuter's American Service. ment withdrawing the words with him.-Reuter.

Mr. Snowden Withdrawe.

The Hague, Aug. 10.

TEL. 0.241.

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