New Britain Herald Newspaper, June 4, 1929, Page 4

EPARATIONS PLIN gotiations with Belgium whereby the | 1wo governments would agree to en- ter‘Into’ negotiations ‘“on a new basls looking to definite settlement of the marks controversy.” | ‘No Territorial Discussions While accepting the procedure, the Helgians bade the express condition that mo territorial considerations would enter into the conversations. This disposed of reports that Bel-| gium would cede back Eupen and | Malmedy to Germany, both of | which districts she' obtained by the treaty of Versailles. It was understood. however, that the exper mmittee report would not-become cffective until the marks | question was settled between G many and Belgivim. This was in line with the expressed Belgian conten- | tion that she would not accept any sottlement of reparations which did | Jatest within two years of the ques- | April 19 — lord Revelstoke, British | not Include redemption of tne Ger- | man marks left in Belgium subse | quently to become valueless. Last Point Agreed On The reparations experts brought | their efforts to solve the reparations | problem to a successful issue about | 1 oclock this afternoon when the | Belgians announced acceptance of | the proposed procedure for settle- | ment of the question of German | marks. This disposed of the lust contested point in four months of negotiations in the course of which the confer- | ence was twice on the point of breaking up abruptly. | The agreement, as will he notified | to the reparations commission and | the governments concerned, reduces | Germany's reparations debt from | abaut $33.000,000,000 present valuz to $9,000,000,000, It will eventually give France be- tween 40,000,000,000 and 0,000+ 000,000 francs (between $1,600,000,- | 000.and $2,000,000,000) to reduce ber interior debt, relieving the bud- | get of from 2,000,000,000 to 2,500, 000,000 francs. | Will Ald U. S. Debts | The accord incidentally is expect- | €4 to facilitate ratification of the | alljed war debts toward the United ‘The experts’ report will make the main recommendation that the an- nuities proposed by Mr. Young, the American financier, be adopted. These annuities call for the payment of 2,050,000,000 marks (approxi- mately $492,000,000) over a period of 37 years; 1,700,000,000 marks (approximately $408,000,000) over a period of 21 years and 900,000,000 marks (approximately $216,000,000) for one year. These annuities were accepted by the Germans with certain conditions. which in turn were eventually ac- cepted by the allies with reserva- tions, an agreement between both sides finally being reached. Report Recommendations The specific recommendations in the report will be: 1.—Substitution annuities as agreed Dawes plan | 2'—Substitution of “the bank for intornational settlement” for repara- | toins commission and agent general | for reparations in receiving and dis- | tributing payments. 3.—Settlement by the ments as soon as posshle and at the of Mr. Young's upon for the| tion of the obligations incurred by the successor states to Austrian ter- ritory 4.—Reduction and recovery of taxes imposed by creditor countries on German imports from 26 to 20 per cent. . 5.—Modification of the Dawes lien on German railroads so as to permit Germans to finance them. 6.—Any eventual reduction in the | allies war debts to the United States 10 be applied in reducing the annui- ties due from Germany. Moratorium Provided 7.—A moratorium of two vears to he eventually accorded on half of the protected part or 1,390,000,000 marks of the ties when financial difficulties of the | Reich muy require. $.—Commerciaization as hecomes | poss the present value of 500,000,000 | marks of the first 37 annuities. The original bill presented by the | allies during the present conferer called for 37 annuities of 2,200,001 000 marks, 21 annuities of 1.700.- | 000,000 marks and one annuity of 900,000,000 marks. It was estimat- | ed that this had a present value of | between $10,000,000,000 and $12,- 000,000,000, | | February govern- | t series of annui- | ble of the amount representing | High Spots of Work 2 - On Reparations Plan By the Assoclated Press. Following are the chronological high spots of the reparations con- ference at Paris: February 11 — Conference got un- der way and elected Owen D. Young, American, president. February 12 — Dr. Hjalmar Schacht, chief German delegate, informed the committee that Germany could no longer continue to pay under the Dawes plan figures. — Work of the confer- ence was divided into three sub- committees. April 13 — The allies handed Dr. Schacht their first figures calling for a present value of approxi- | mately $10,000,000,000 to be paid | in annuities over a period of 5§ years. April 17 — Germany presented & counter offer calling for only 37| annuities and having a present value of from $5,760,000,000 to | $6.240,000,000. expert, and chairman of a sub- committee seeking a compromise solution, died of heart disease, be- ing succeeded by Sir Charles Addis. | April 23 — The experts, unable to reach an agreement, began work on their final report to their re- | spective governments . | May 14—Mr. Young presented a new plan calling for 37 annuities from Germany and then an additional 21 annuities.to be paid with the profits of a proposed international bank. 5 — The Germans accepted the | Young proposal, but with certain | conditions. I {May 22 — The allies agreed upon | accepting some of Dr. Schacht's conditions, rejected several others and made several reservations of their own. 23 — Dr. Albert Viegler, Ger- man expert, resigned from the German delegation contending that the terms of the projected settlement were unbearable for Germany being succeeded by Dr. Ludwig Kastl. M-y 27 Mr. Young advanced modifications to his plan designed to get around the conditions im- posed by the Germans and the reservation made by the allies. a; h; cl Ga,, tions and allied reservations to be ironed out. une 1 — Agreement en Young an- nuities was revealed but the ques- tion of German marks in Belgium still prevent complete agreement. June 3 — German proposed negoti- ations for settlement of the mark question. June ¢ — Belgians accept German proposal for selution of problem thus permitting full agreement and signing of the report Friday or Saturdi A serics of baffling “insurance mur ders” may be laid to Mrs. J. C *owers, above, 71-year-old Mac boarding house keeper. Th: ged woman has been charged with aving hired a roomer, Earl Man- hester, to kill Earl Parker, a yqung printer, so she might collect $14,000 insurance on his life. ities believe she may have been con- | nected with other unsolved killings Now author- | of a similar nature. Piles Go Quick | States since the settlement provides | The Germans rejected this as be- that annuities are to run throughout | ing too high and made a counter the period of the debt payments to | offer of 1,650,000,000 marks over a amounts sufficient to meet them. |period of 37 years, which was esti- It will also lead to evacuation of of joccupation within the space of | 000, time required for necessary negotia- | —_— tions and material arrangements to | READ HERALD CLASSIFIED ADS mated to have a present value of be- | the Rhineland by the allied armies | tween $5,760,000,000 and $6,240,000,- | Piles are caused by congestion of blood in the lower bowel. Only an internal remedy can 1emove the cause, why salves and cutting hardt’s Hem-Roid, & tablet, | succeeds, because it relieves this congey. tion and strengthens the affected parts Hem-Rold has glven quick, safe and lasting rellef to thousands of Pile suf jferers. It will do the same for you o money back. The Fair Dept. Store an druggists everywhere sell Hem-Rold wit! May 29 — The German and allied rxperts eame to agreement on re- vised reparation annuities as pro- nosed by Mr. Young calling for 37 annuities at about $492,000,000, 21 annuities at $408.000,000, and one annuity at $216,000,000. The ‘ total having an estimated present value of $8,596,000,000. There harmless withdraw the forces now, there, FOR BEST RESULTS There are more keys made in New Britain than in any other city in the world. And The Commercial Trust Company probably offers more banking services under one roof than any other bank in Connecti- cut. Each one of them is a key to the door of success in a certain financial direction— saving, investing, home ownership, busi- ness advancement, family protection. Have a fully equipped financial key-ring—use all were still certain German condi- . L] . . of our services. YOUR NEW BRITAIN As a local resident you are one of 80,000 “stockholders” in the civic enter know THE MERCI TRUSTCO i WERTAN (O T os the City of New Britain. Be loyal to it. Patronize its metchants and industries. Evenings 7-9 D.S.T. this guarantee. Open Saturday Norwich, June ¢ UM—Complet- ed late yesterday, ‘the house of Paul and Ernest Zachae in Bos- well avenue, was burned early this morning. The fire broke out without warning from an un. known cause. The house, two stories of frame construction, was valued at $12,000 and was cover- ed by fire insurance for half that amount. appointment te mest Oscar shortly after and promised to secure him a better job for a cash consideration. Oscar drew out his bank account of $2.000, ‘gave it to the stranger, who directéd him to a “Dr. Parker.” When the addrees given him dis- closed no “Dr. Parker,” Oscar re- ported police when he found he was the victim of a “confidence” hats. Kiss curis made out foathers are popular and formation, curis sewn inside a enables blonde women te go out a brunet and vice versa. CATHOUICS COXVENE Dublin, June ¢ — Ireland the acene of a Cathelie SUMMER RUGS « « « Crex, Deltox, Delart, Waitex . . . WICKER RUGS, FIBRE, GRASS AND FIBRE . . . ALL THE FORE. ° MOST MAKES — ALL THE POPULAR MATERIALS IN SKILLFULLY BLENDED CCLORS AND ARTFUL DESIGNS, Priced Low! 4-6x76 ......s .-$2L00 8x10..... : $2.95 $9.75 year. PO SMART COMFORTABLE GLIDERS SMOO’_I'H restful action by means of octuple chain sus- «J pension which dispenses with the overhead frame. 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