21 OCTOBER 1922, Page 26

Sir John Bradbury, the. British delegate to the Reparations Commission,

has made some proposals regarding. Germany's payment the full importance of which will not. be. appreciated, he says, unless we under- stand that this is: the .last chance of . saving the situation. His proposals • are officially stated thus :- " (1) To relieve the German Budget almost entirely of the cost of Peace Treaty charges for two or possibly for four years by-enabling Germany to obtain the credits to cover such charges.

(2) To. fix the exchange value. of • the mark by an arrangement under which the Reichsbank would sell gold for paper marks at a fixed price to be determined. by a Mixed Commission. (a) To re-organize the Reparation Commission and transfer it to Berlin."