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Show sarcastically, "feels that he la making progress when he succeeds In persuading persuad-ing Premier Briand of France to agree that two plus two doesn't make twelve, but eight." He says that Briand hopes, In the French parliament, to make a good enough song about eight to defeat any argument from ex-President Poincare about how much better It would be for France if two mnde twelve. Keynes estimates that Germany could pay half a billion dollars annually and says Bernard M. Haruch, economic ad-viwr ad-viwr to the American peace mission, estimated about the same figure. Some American economists, he says, estimated a billion dollars, but he never j heard of any competent authority es- I'tlmating tlermany couid pay more than a billion annunl'y. He contends that if the Paris pro- posals ore more th;in wind It means ja vast reorganization of the channels I of International trade. I ! Keynes concludes thst the next act I of the play must wnit until the end ofi February, when Herman attends the j London conference. ENGLISH ECONOMIST JEERSATPENALTY Declares Germany Unable to Pay Reparations Bill 8Y MILTON BRONNER. liONDON, Feb. 1 1 "The German reparations rep-arations agreement can't be meant any more seriously than the originnl ppace treaty. The thought of two premiers muddling over silly formulas, which they know to be silly, is like a gibbering gibber-ing nightmae. This opinion, as expressed in the Manchester Guardian, by John Maynard Kaynes, British economist and hicf I adviser to the British representative at , the Paris peace confrenc, has ere-tatd ere-tatd considerable stir in Kngland. j It was Kynes who wrote "Kconomic Consequences of the Peace Conference."' j In which he panned the decision ar-I ar-I rived at. He calls the reparations pro-losals pro-losals "simply another move in a game, 'by which the players, at any rate, are1 j no longer taken In." j "Premier I.loyd George.;" Keynes aaysi |