The committee of hairkera; who met in Paris on May
24th to discuss-the raising. of a foreign loan. :by Germany, reported last Saturday that. theansaa of a loan :was impracticable under existing conditions. The. committee, committee included Mr: Pierpont Morgan and Dutch and German bankers, besides the Allied experts: The only dissentient was the French banker, M. Sergent, who declined to consider the possibility of reducing Germany's reparation payments in order to facilitate the issue of a loan. His colleagues made it clear in their report that as France, the chief creditor, through her delegate on the Reparation Commission, would not look at any suggestion for limiting Germany's obligations, they could not usefully. continue their inquiry. It was essential for the floating of a loan that the Commission should be unanimous, so as to give investors confidence.
Previous page
