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Show O A A II BRITISH MAY (MEL DEBT I FRANCE OWES 1 I French, However, Must I Agree To Modify Reparations Repara-tions Demands PO IN CARE PLEASED Premier's Announcement Makes Outlook for Agreement Agree-ment Much Brighter l LONDON. Dec 9 (By the Asso- elated Press; Premier Ronar Law caused a sensation at the second ses- Islo.'i of the allied prmlers this afternoon, after-noon, when, in tho course of his reply to M Polncane's moratorium plcn. he gave cl- ar indication that the British government would be quite willing Lu reconsider tho question of cancelling I of the French debt, provided such a btep was made possible by ft reparations repara-tions settlement, satisfactory to Great j Britain. POINC ARL QWSEREti j Mr. Bonar Law previously had intimated in-timated that America's Insistence on I tho payment of the British debt made I It v- ry difficult for England to discuss I remission of the French war debt. In.' Rra!uh prime mimter's decla-rauonfl decla-rauonfl at the atterncon meeting 1 greatly encouraged Premier Poincarc. who was extremely pessimistic early In the day over the outcome of tho conversations. While the premiers are far from an accord as yet, it was said by tho French delegation this evening that Mr Bonar Law's pronouncement on I the debts had made an agreement ' much more likely. BALFOUR FORGOTTEN Premier Bonar Law began by saying say-ing that the Balfour note no longer exists for the British government and thai he was free to consider the whole question. T am prepared to reconsider the. question of cancellation of debts," ho went on "If such cancellation would Insure a settlement satisfactory to tho British government. ' M. Polncaro, although reserving his formal reply to the new suggestion until un-til tomorrow, expressed deep pleasure at the British attitude. (Note England's industrial recovery recov-ery is held up because of depression in Germany. If tho demands Franco Is pressing on Germany are made lighter. Germany will recover sooner and English prosperity will return with tho resulting increase in trade. France presses its claims against Germany Ger-many because France Insists she urgently urg-ently needs the money But If England Eng-land cancels tho debt which France owes England France can afford t be more lenient with the Teutons 1 oo |