1929-08-19 — Page 2

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REPARATION PLAN REJECTED.

DRAMATIC STATEMENT BY MR. SNOWDEN,

A

MONDAY, - AUGUST 19, 1929.

der the Young plan; about a han- dred million marks to complete the Amount required to cover her delt "payments that" year.

Britain is not justified in claim- ing further advantages. The other creditor powers cannot agree to a modification of the distribu- The Hague, Aug. 17..

tlon of the German: annuities but Mr. Snowden has handed

sre ready to allow Britain a very written reply to M. Jaspar, the large share of the surplus avail- Belgain Premier, which rejects the able after the German payments proposals made by the four Pow from April to August this your era as unacceptable. The reply made to the creditor Govern- adds that more satisfactory pro-ments, including gover for war posals are expected.-Reuter,

debts during the year, have been met,

They are also ready to consider the allocation to Britain of *ኑ larger part of the unconditional annuities which will remain avail. able for distribution, represent. big the equivalent of 58 million murks during the 37 years,

London, Aug. 17. The meeting of the Financial Committee of the Hague Confer- ence which had been arranged for to-day was last night postponed until next week to give the Pow- ers concerned n further opportuni- ty of formulating proposals to meet the British claim for equit able treatment in regard to the disposal of reparation annuities.

This postponement was arrang-in. ed after M. Jaspar on behalf of France, Italy, Belgium and Ju- pan, had handed to Mr. Snowden a memorandum containing pro posals which Mr. Snowden ver- bally intimated to be unantis faclory and to which he sent a written reply to-day.

The memorandum also sug- gents possible restrictions and Kanrantees as regards deliverien kind, especially of reparations coal-Reuter.

More Than Lion's Share.

The Hague, Aug. 17 It is now revealed that Mr. Snowden's written reply to M. Jone par declares that--Britain is not prepared to accept cuncaisions at It is understood by correspon- the expense of smaller states and dents that the memorandum was plainly hints that Franco and vague in s terms and that italy are getting more than the failed to cover polats in the British lion's share. It la further sug demands. The contents are congested that the four Powers pro- aldered confidential for the time posals are vague and their yield being in order to give the Powers uncertain. The reply also insista an opportunity for further con- a reconsideration of the pro. alderation.

posals in order to find an equf-

The delegates concerned with | able settlement. political problems had several in- formal conversations resterday but the meeting of the four minia, ters Mr. Henderson, M. Briund, M. Hymns and Dr. Stressmann contemplated fur to-day has also been postponed.--British Wireless,

British Point of View.

Mr. Snowden Also contends that under the Young plan Bri- tain receives 46 million marka less on an average during the frat 37 years than her share under the existing agreement, (others con- lend it is only 45 million marks Jess). Mr. Snowden, in his reply. finds it impossible to reconcile the proposal that. France will re- According to a prominent Bri-ceive 500 million marks out of the fish delegate, the latest proposala 580 millions available and states that these should be mobilisable of the creditor Powers

with the promise M. Poincare gave Mr. Churchill in October, 1928. that France would not seek prior ty in mobilisation nor any fresh advantages.

The Hague, Aug. 17.

are

"ridiculously. inadequate and amount at the utmost to twenty per cent of the British claims and ut sixty to eighty per cent as published yesterday on French au- thority. The four creditor Pow ers had not made any concessions. or sacrifices,

Dr41

Mr. Snowden denies that Britain receives more during the decade under the Young plan than at present, for on the Dawas' basis Britain receives a surplus

There was no truth in the state. ment that Mr. Snowden was un- approachable and refused to lis-annually (except in the first, fifth. ten to reasonable proposals. Mr. Snowden was of the opinion that

seventh and tenth years) of over three millions and this surplug

it would he criminal to end the goes to linly, i negotiations as long as there is a

My regards unconditional nina- les Mr. Snowden says Britain 1s

chanes of a fruitful result. Mobviously entitled to a larger Juspar had informed Mr. Snowden

share of the balance than is offer-

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been so weak that it censed to. count and the time has now con! when Britain must resume' the position in the world which she is entifled to occupy."--Renter.

that the latest proposals were noted and that Britain's complainant Mr. Philip Snowden declared, "At the Powers' last word..

is that this balance is inadequate last we Britons can stand up and The British spokesman added In meet the combined claims arnot be ashamed of our country, that concessions at the expense of Britain and the smaller States. The prestige of Britain is smaller Powers were offered to The amount of the offer is less stake and we are trying to assert Britain but Britain was not pre-than half the share to which Bri. the rights of Great Britain to a pared to buy such concessions, tain is entitled on an average and place in international diplomacy: His answer to the reproach. that than a quarter of the share and international affairs. In re Britain was sacrificing world due to her during the earlier cent years Britain's position has! peace to a paltry two millions

years.---Reuter. year was that it was not n quen- tion of money alone. If she made further concessions they woulf

The Hague, Aug. 17. simply be manipulated to extort

The latest development here is more from her. Those who were accusing Britala of raising that Mr. Snowden has agreed to abstacles to the pacification of the suggestion for the appoint- Europe were not prepared then-ment, without delay, of com-MR. HARRY SINCLAIR. selves to do anything towards mittes of British, French, Italian, pacification unless Britain' bought | Belgian, and Japanese Treasury experts to estimate the value of their support-Reuter.

the allorations to Britain propose ed by the four creditor Powers.-- Reater...

Proposals Outlined.

The Hague. Aug. 18. The memorandum handed

1+)

Italian Delegate Leaves.

The Hague, Aug. 18.

Mr. Showden on Friday by M. Jaspar on behalf of the four credi tor Powers, in which the appoint-} The Italian delegate, Signor ment of a Committee of Treasury Pirelli, has left here for Rome. It experts is suggested, says that the is assumed that he is making the Young plan must be treated as a journey in order to take new in- whole. The reopening of it would structions from his Government

1:

APPLIES FOR TERMINATION OF PRISON SENTENCE.

Washington, Aug. 17. The oil magnate, Mr. Harry Sinclair, has applied to President Hoover to termináte his sentence of imprisonment for contempt of American Ser court-Reuter's

ice.

emse serious difficulties and the but he departure may be sign Relief from

gravest entseguentes,

ficant since the refusal of Italy to The memorandum declares that yield any of her privileges under Britain receives advantages rom-the Young plan is one of the chief pensaling for the fact that dar-obstructions to a Rettlement. ing the first 37 years she will re. Reuter,

reive on the average nearly 455 million marles less than under the

existing agreements.

"Prestige is at Stake."

The Hague, Aur, 18. Britain, in 1929 and 1930 will In a dramatic statement to Bri- roccive, besides the annuities walishi and American journalists,

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