Possibility of a New Offer to Mr, Snowden Meeting 75
Per Cent. of His Demand:
Italy Reported Ready to Make Concessions The Hague, Aug. 23.
Events this morning moved rapidly and an unusually optimistic feeling prevails that 'a breakdown of the Rep: rations Conference may be averted.
It is believed that by this evening the British Chancellor of the Exchequer, Mr. Philip Snowden, will have a new offer fro the creditor Powers, namely, France, Belgium, Italy and Japan, Other than Bri sh quarters express the opinion that this new offer will-satisfy at least 75 per cent. of Mr.
Snowden's demands.
It is reported that Italy is also prepared to make certain concessions.
Dr. Stresemann, the German Foreign Minister, has moned to the Hague the leaders of the principal parti in Germany to obtain their opinion on the proposed additional German Hague, Aug. 22.
Subsequent to the meeting of the Gelogates of the six Powers this morning the French, Belgian; Italian and Japanese delegates met for an hour and a half to try and thrash out means of satisfying at least a part of the demands made by Britain, After this meeting one of the delegates made the statement that useful progress had been made but that the talks would be resumed in the afternoon, when the delegates would be joined by the Germans.
The spokesman said that the delegates of the four Powers mentioned are of opinion that Germany should bear a share of the sacrifices agreed to by those four Powers in order to secure Britain's assent to the Young Plan. Germany, he said, should realize that itis indisputably. to her political and financial interests to go to the extreme limit in order to rescue the Young Plan the rocks: Not until there This sum would yield £1,250,000 yearly, or over half of the British demands.
It is understood that Dr, Helferding, the German Finance Minister, rejected the, proposal to-day but continue Paris, Aug. 22.
The correspondent of the Havas Agency. at the Hague emphasizes that the uttermost efforts are now being made in order to find a compromise regarding the distribution of the German payments provided under the Young Plan and to obtain Mr. Philip Snowden's adhesion to conciliatory solution of the pro-
Text read from the printed page and cleaned; old type leaves the occasional error.