Show GERMANY MAKES 20 MILLION GOLD MARKS HAND DED TO ASSISTANT AGENT GENERAL negotiations with british and amer lean bankers for big loan de berred until later part of month berlin germany has made her initial payment of twenty million gold marks under the dawes plan the payment was received here bere by leon frazier assistant to owen D young agent general ad interim for reparation payments paris active negotiations between the german government and bankers of new york and london for the loan of gold marks provided for under the dawes plan are being deferred they will not be started it is understood until the latter half of this month or until a favorable atmosphere is created by germanys germanas Germ anys prompt payment of the surn sum agreed upon for the transitory period and the economic and military evacuation of the ruhr by the french and belgians has made considerable progress president schacht of the bank and dr luther the finance minister who are likely to be the german governments representatives is dealing with the bankers have not yet been formally appointed when is they are designated they will meet the american and english bankers in london to fix the terms of the loan which up to the present have been discussed only within vague limits during the sessions of the london conference it is expected that the duration of the loan will be somewhere between five and twenty years and an 8 per cent interest rate seems to be considered about right berlin finance minister nister luther in a statement on the prospects of the dawes loan to germany said that america need not fear german competition in trade as it was impossible for his country to achieve what she did before the war because her sources of raw material had been diminished by the losses of lorraine tier her colonies valuable parts of east prussia and her upper silesia coal mines minem |