Ogden Standard-Examiner | 1922-07-12 | Page 1 | Germans Ask for One Year Debt Holiday

GERMANS ASK FOR ONE YEAR I DEBT HOLIDAY! Ready to Pay 32,000,000; Gold Marks Saturday If Demanded PARIS July 12. (By the Associated Associat-ed Press) The German representa-' representa-' tlves today submitted La the repara-"fTrrH repara-"fTrrH commission 0 formal note requesting re-questing a moratorium on reparations paymerits for the remainder of the I prtsenlVcar. The note stated that the g2,000,0(M gold marks due on Satur-da Satur-da werej available if tho commission insisted ulpon this payment, but recom-jnended recom-jnended fhat it also be waived. The Gyerman request did not specify ,an extension of th moratorium iyKiugi the next two years as had ' been forecast In some quarters, but ijirfed ihe commission to consider Germany Ger-many s condition and make public as soon as possible a complete plan for ; her relief. The commission will hold a special meetin probably this afternoon to discuss dis-cuss the German note, tho text of which will not be published until the commission has had time to consider it. The reparations commission decided Tuesday to relieve the German crisis to the extent of redu ing the monthly installment of 60 000.000 gold marks, due next Saturday on the schedule of payment, to 32,000,000 gold marks Germany had announced her wllllng-tac-BS to pay the whole amount, but the commission ruled that !n view of this crisis the smaller figure was all that j would be required. OO