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*They appeared to be a trifle nearer if one compared the present cash value of the bill (ten billions) with the present cash value of the German offer to pay (six and one-half billions). What the Allies were actually asking, however, was a total of 28 billions, paid on the installment plan over 58 years, whereas the Germans offered 15 billions in 37 years. The costliness of paying on the installment plan was never more apparent, but there is no possibility that the stupendous sums owed can be paid in cash. *Mr. Young is chairman of the Second Dawes Committee, but sat under Lord Revelstoke as a member of the Bankers' group (TIME, March 11). Mr. Lamont sat last week as official alternate for his senior partner, Mr. Morgan, who was on his black yacht Corsair in Adriatic waters nursing a cold.