Foreign News: A Nice House

The great financiers assembled in Paris as the Second Dawes Committee spent last week in elaborating privately their plan of creating a stupendous Bank of International Settlement (TIME, March 11) to deal simultaneously and on a business basis with every phase of the German

Reparations problem. As the work progressed no public utterance was made by any member of the U.S., French, German or Japanese delegations, but the British and Italian chief delegates expressed themselves briefly. Sir Josiah Stamp: "There are three sides to our problem—political, financial and economic. And as soon as...

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