Show I MORE SIGNS SEEN OF EUROPE REGAINING ITS STABILITY Reparations Commission Working Out Definite Definite Definite nite Proposals Poincare May Be Re- Re Replaced Replaced Re Replaced placed and Better Relations With England Follow BY DY ILLIAM flIED BIRD Special European orr Correspondent Copyright 1921 1934 by The Consoli Consoli- Consolidated Consolidated dated Press Association PARIS Jan Ian 26 Brigadier Gen Gen- Gen General eral erl Dawes and Owen Oien D Young American representatives on the reparations CIs CI's committee of experts expert after two weeks week of study tudY I of the tho Germ German n budget go to Berlin Monday with certain fairly definitely def definitely I- I outlined proposals s One Is fa that Germany have hence bane henceforth henceforth forth two budgets bUdget one covering regular governmental expenditures land and the tho other covering reparations It is believed the latter can be fixed at a minimum of an- an annually annually an annually which Is sufficient to guar guar- guar guar- guarantee guarantee antee a reparations laan of 2 2 at 5 K per cent with 1 per percent percent percent cent of amortization France rance would obtain about 1 I of this sum um in cash or approxImately franc t at present rate rates of ot exchange The Tho undetermined 1 Is when G Germany could begin paying such uch I Ian ian ian an annual sum lum Export Exports who have bava been beeD consulted say It Is la materially I before 1930 1820 and the French are ro understood to b bo flatly I opposed to granting a moratorium for three years yeara I However It i Is significant that jut just as a Germany I Is about to be urged to create a separate I tion reparation budget France proposes propose to abandon hera hers and meet all tion reparations reparation costs from her ordinary In- In Internal In Internal receipts If It Premier Poin- Poin Poincare caro care caro can Jam this proposal al through parliament It will malt make It far tor easier for tor the French negotiation later to accept a moratorium I But Premier Poincare a ucc success In this thia endea endeavor or grow grows more un uncertain er tabs tain deli dall dalli Murmurs of ot doom for tor forthe forthe the tho Poincare cabinet are re In la the air It I Is being whispered that the tho neit n few weeks will eee see hi tall fall and that Louts Louis now president ot of the reparations commission will wUl replace him nith sith Louts Louis and Andre Tardieu as a principal col- col collaborator col 01 Such au an event vent would mean meon abandonment nt of ot the of reparations payments Such arrangement might lao alSo t f fa facilitate a- a Ramsy Macdonald Maedonald s a task In England The con conservatives hae bao looke forward for with ith glee to Prime Prim Minister Maedonald Macdonald tub stub bl his too toe on M lii Poincare b a rock liko ob- ob obstinacy ob obstinacy M lii retirement would give the laborites an excuse to adopt a much more conciliatory attitude toward France rance since of their opposition to the French for foreign ln policy has m centered around the person of o the present French premier who lies has been beon denounced pu publicly by us Il one of ot the tho principal authors of ot the great war It Is Js now suggested that If It Pro Pre PremIer Pre Premier mier Poincare Is Mr Macdonald can afford arford to n old bringing Anglo French relations to toan toan toan an acute Cute Issue until after the French elections This It I Is pointed out would Immensely help the liberal lib liberal eral and socialist campaign In InFranco France and per perhaps hap bo be a 0 factor In returning a new nw chamber with a majority well to the tho left Ift In which case co the position of the labor government In England would be strengthened In turn I In other words Premier Macdon- Macdon Macdon-ald Macdon old aid s a cabinet I Is being being- urged by It its friends to set et an n Ox example mple of mod mod- moderation moderation and thus thue Inspire confidence tn in socialistic parties partie throughout the tho continent Certainly It Bill 11 scarcely make nake the mistake former Premier Bald win of brusquely calling Prance France to account Th The death of ot Lonine occasioned dramatically B the A Ii i- i on da day that labor In office In England was undoubtedly another stroke of 1100 good 1 political fortune for tor Mr Ir Maedon Maedonald laid aid ald Itt It at least leat provided an excuse for fr many Influential In England to change the sot t of their U sails alls Although Lenina has been out of public life for two years and nd e realized that his bis career as aa a leader was finished the anti antl- soviet anti soviet elements ts el met In England are adopting the th view yien that J London ondon now I can safely h hands nd with Mos Mo- Moscow cow an and 1 It seems likely that of- of orI I taxation plans plane and a 0 rearrangement tidal recognition will Ill be much fuss tues Another sign that Europe Is to- to regaining re regaining gaining Its Jt stability com comes s from In the shape shapo of an nn Serb Italo-Serb Italo treaty which promises to end the acute rh rivalry aIr between bet the po ers erson on the |