"Stamp Report"

The Second Dawes Committee, which is trying to revise the Dawes Plan, at Paris (TIME, Feb. 18), appointed a subcommittee of two, last week, presently enlarged it to five, and then let the days slip past, while Chairman of the Subcommittee and Chief of the British Delegation Sir Josiah Stamp struggled vainly to whip into shape an agenda or program outlining how the main committee should go about its business.

Leaks from the Subcommittee revealed that the Germans and French were wrangling furiously, the former insisting that the Committee first consider how much Germany is able to pay, and the French demanding that the first item on the agenda be a determination of how much Germany owes.

Correspondents with nothing to write about sensationally described as "The Stamp Report" a memorandum in which Sir Josiah Stamp suggested to the Committee that it might be possible to work along the following line: 1) determine how much Germany ought to pay; 2) decide what portion of this amount Germany must pay; 3) investigate and establish the degree of German capacity to pay the rest.

Nothing indicated with any certainty last week that this sensible suggestion would be adopted. The U. S. Delegates, Owen D. Young, Chairman of the Committee, and J. P. Morgan took no part in the subcommittee wrangle.