All Settled

Daily Telegraph (Napier), Volume 58, Issue 179, 30 August 1929, Page 7

All Settled

By Telegraph—Press Association—Copyright

I C0MPLETE AGREEMENT t I | Britain Makes A Further I Sacrifice I SIX POAVERS IN CONCORD !

Austraiian Press Association. tiieceivc'd This Day 3 p.m.j THE HAGPE, Aug. 29. i Gormany niicl the six other Powers | have reaeiicd a financial agreement. j An announcement to this effeet was : made when the meeting of the six ; L'owers ended. ] It was then stated tliat fnll agree- ; ment Had been reaehed regartling the j costs of the oceupation after September j 1 , also in regarcl to the surplus acj cruing during ihe last five montlis of | Liie Dawes' plan. I The aetunl dncument emhodying the agreement is now heing drafted. The first. problem was solved hy Gerjmanv agroeing to pay half and Engj iand, France and Belgium the other i half. j Britain contrihuted to tlie settlemont I by agreeing to rennunce in Gerrnnny's j i favour a portion of her uneonditional | i annuities. j Tlie finaueial settlement ineludes tlie | eaneellation of tbe right of re-export of : tleliverios in kind. Goi'niany will redueo the export of reparntions eoal to Italy in the first yea r hy 1,500,000 tons. Britain will tlios benefit to the extcnt of 1,000.000 tons anually.