Salt Lake Telegram | 1929-12-29 | Page 56 | Germany, U. S. Reach Unity on Reparation Pay

u. u 8 REACH fAG UNITY ON REPARATION PAY Negotiations Foretelling ling Quick Settlement Now Ended BERLIN Dec 28 Associated Associate Press Negotiations Negotiations between the German Germin government and Edwin C C. C Wilson of the American n embassy In Paris looking toward a direct settlement settlement set set- of German reparation payments payments payments pay pay- ments to the thc United States were conc concluded today Immediately after utter the time conclusion of or the the- agreement the German for for foreign eign elga office I Issued suc the time following ying statement statement- Ac According to tho time German German- American agreement as reached nache I December 28 S Germany will pay the time annuities allocated to time the United States Staten under the expert plan of or June Juno 7 7 not to tho the bank for Intern International settlements but directly di directly directly di- di to tho the United States State gov gov- t. t TWO TYPES OF CLAIMS Out of the lie German Getman payments will bo be satisfied two t types of ot American claims FIrst awarded by bythe the American German American mixed claims commission und and second second sec see ond the American claims for the c costs of oC the American army army occupation occupation pation in arrears ThC Th form of ot the the- agreement Is closet closely similar to tho the debt funding agreements existing between the United States and other othel powers The priority of the Dawes loan of or 1924 1024 remains maintained As German Germany Germany Ger Ger- man many under th try Young plan is not debtor to a single power but to a a. community of oC creditor powers it rt will have to be taken en into consideratIon consideration consid consid- at the forthcoming Hague Ensue negotiations that the American annuIty annuity an an- nutty Is to bo be eliminated The German Ger Gel man government therefore will wm bring the agreement to the knowledge knowledge knowl knowl- edge cd e of the oth other r creditor nations Formal execution of ot the agreement agreement agreement agree agree- ment will only take place after the and the thc American congress congress con con- gress cress ratifies the agreement which will be put into force torce at the same timE trine as the agreements with the thc theother theother other creditor powers concerning the Young plan American Officials Keep Close Silence W WASHINGTON Doc Dee 28 AP AP- AP American officials directly associated associated asso asso- elated with the negotiations between between between be be- tween the United States and Germany Germany Ger Ger- many looking hooking h to th an Independents independent s settlement of war reparations I maintained a strict silence today When Informed that the discussions I had been concluded Secretary Stimson announced some weeks ago aso that the state de department department de- de had Initiated tho the direct dealing with the German Getman government govern govern- ment the principal Importance of or which announcement l lay y In In the fact th that t the tho United States was as proceeding independently to an adjustment adjustment ad ad- of ot its claims All of the European war reparations claims against Germany have been In Included Included In- In eluded In the Young plan settlement settlement settle settle- ment to which the United States has never been a a. party although tho the Washington attitude is is' understood understood under under- stood to have been one of ot sympathetic sympathetic sympathetic sym sym- pathetic A cardinal feature of or the Young loung plan llan has has been the proposal for 01 creation of an ind independent pendent international Inter Inter- national hank bank in which central b banking Institutions of ot the European world worM Would l take ke a direct share The American policy as far faras faras faras as it has been indicated has not favored Insertion of ot the federal re reserve reserve reserve re- re serve system into such a formal In International International In- In banking arrangement ement and this as well ell as other points of or tile the Young plan have apparently made It desirable for the administration adminis to seek eek its independent s setti set set- t- t ti em cut AmerI American nn reparations claims against Germany are of various types put but tho the largest portion of f the sum is represented by bj the cost of ot maintaining the ti-iC American arm army oC or oro o occupation In G Germany after atter the armistice Officials were reluctant to discuss fI figures Ules In advance of an an official summarization hut but the thc total to total total to- to tal involved In reparations claims of or the United States States- is presumably hout f