Political quarters generally €x~ press regret at the decision of Dr. Echacht, President of the Reichsbank, not to join the German delegation for the Second Hague Conference.
be due to the difference of opin Dr, Schacht' decision is sat existing between himself end. the German Government on the question] of concessions made by the latter to Germany's creditor nations and with which Dr, Schacht does not} agree as exceeding the terms of} the Young Plan.
'These concessions are in particular] Germany's renunciation of the Mks. 300,000,000 surplus resulting from' the ce-ordination of-the Young and the Dawes Plans, the sacrifices made by Germany under the treaty concluded with and with regard to German property sized by Poland, and finally the losses suffered by Germany under the terms of the agreement concluded by Germany with) Great Britain relating to German sequestered and liquidated property. The total of the concessions made! by Germany in these 3 instances, in Dr. Schacht's opinion, not onlysubstantially increases Germany's burd-fen under the provisions of the Young Plan—a fact which is gerterally admitted—but spells disaster to the]
sporation Agreement, While a small part of the press applauds the stand taken up by Dr. Schacht, the majority of the papers} give expression to their astonish.
that Dr. Schacht should assume! this attitude at what he himself considers a critical juncture. Even the Nationalist paper "Deutsche Allgemeine Zeitung" which hitherto supported Dr. Schacht in his stand against the Government's policy, now finds fault with his attitude and deplores his decision to decline the Government's invitation to join the German delegation since the Government's invitation offered the opportunity to prove by practical] constructive work the correctness mistaken financial policy Trans Ocean Kuo Min,
Text read from the printed page and cleaned; old type leaves the occasional error.