American Concedes Point Annuities: Detai Regarding Unconditional, ils to be Settled London, June 29, HE whole of the British Empire has now. accepted President Hoover's proposal. The Premier, Mr. Ramsay MacDonald, in the House of Commons to-day, said he was happy to inform the House that the Governments of Canada, Australia, New Zealand, South Africa and In had cordially welcomed the proposal and had agreed, in brit inciple, to the suspension of re~ parations payments, subject to the acceptance of the proposal by other creditor Governments.
With regard to the war debt obligations to the United Kingdom, Mr. MacDonald announced that all the British overseas Governments concerned had expressed their gratitude for the British Government's offer That offer had been accepted by all of them with the exception of South "Africa.
Amid loud cheering the Premise continued: "I should like to add that the attitude of the South African Government will be warmly. appreciated: by all mem! ibers_ of this House." The British Government's offer to the Dominions gave them the option of postponing the whole amount of their war debt payments to Great Britain for a y ar. This offer involves a loss in the current British Budget of approximately £11,000,000—
Through Reuter.
Paris, June 30, the Plan without any conditions oF never agree to The possibility that France will stipulations, having for once apparently refused to follow. France's reposal for a one—Trans-Ocean Kuo Min, of all war debt Washington, June 30. ing, de High administration authorities Andrew: W. Bellon, the afternoon described the state of Steretary of the Treasury who is the negotiations between France now in Paris, and former Senator! land America regarding war debts Walter E. Edge, the United States: Jas serious.
Atbassador to. France Te was added, however, that the Tt is understood that the crisis [United States Government "were Ima been reached: here. because of not discouraged and were still hope-the -difeultiog. resulting. from the: ful, of an. agreement.—Reuter, Paris, June 30. the. insistence of that if Germany contin ther unconditional reparations an-unities into. the. Bank. of. International Settlements the proceeds Joaned notconly to; Germany bub to! the Balkan states., This is contrary' to the view of the United States! that the proceeds should be loaned only. to. Germany.
2—The insistence of the French hat Germany repay the funds, she may borrow. to, meet her. annuitia obligations within five, ygars.. The United States. contends that Germany should, have 26, years in. which to, repay whatever new..obligations she incurs to aid her present, hour! fyseyere financial strong.
'SéeThe, assurance. that) France will not be.expected to: mobilise her Shage-of the Young Plan until Ger many repays her annuity. obligations.—United Pres 4 London, June 29, critical stage has been reached tu the negotiations. between France and America on President Hoover's proposal, and the position at the moment is regarded as rather Phe United States Government Insists on certain modifications the French counter-proposals which the French Government. does rot sce its way to accept.
'The: main: points in: dispute up' tothe present have been whether the: Bank of International Settlements. may-lend.a part of, the 612, 000000 marks (Germany's unconditional payment) to Central European States; whether this sum shall bear interest. to be paid. by Germany: during the moratorium and, when Germany-shall repay the money. she hay been' let off from Paying during the moratorium.
Prior: to the meeting between the French and American uphold the French Note to the United States. TMhey, hawvever, agreed to accept Fayment of the." 1931-2 annuity altar five years instead of after 25 Years the period on which Pres dent Hoover insists, Franco originally demanded that Germany should repay this annuity] after one year.—Reuter.
Berlin, June 29.
Satisfaction is expressed in Government, from ington, stating. tha tera her, ab mgseages out of the 17 Powers cancer Fowers concerned hate accepted the Hoover Plan at least principle, even though mine—regervations Points, Tt is noted as worthy of special record that the latest replies to President Hoover's offer, from: Poland and Gzecho-Slovakia, accept By a vote of 197° to 5, with 100 Jabsentions, the Senate' of the Parliament to-day supported the position of the Cabined-be}Pierre Laval, the Premier, with re-Jgnrd to the attitude France has taken toward President Hoover's proposal for a one year's suspen-Ision of all war debts payments.
'The vote.in the Senate which' re-Jeulted in support for M. Laval was taken after an exceedingly stormy, Tu the course of the debate ref-
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