The fourth year of the Dawes plan - the last twelve months of the so-called transition period - will come to a close August 31, 1928. The Agent General for Reparation Payments, Mr. S. Parker Gilbert, published on June 7 his report covering the operation of the plan during the first nine months of the current year. It shows that the plan has continued during the fourth year to function with perfect smoothness and that the calculations of its framers have thus far proven substantially correct. The experiences encountered during this year are important for the light they throw on the possibilities for the fifth - or first standard annuity year under the Dawes plan - which begins September 1.
Shortly after the publication of ...