GERMANY'S MORATORIUM

Evening Star, Issue 21749, 18 June 1934, Page 9

GERMANY'S MORATORIUM

BRITAIN'S ATTITUDE RESENTED SEMI-OFFICIAL COMMUNIQUE Press Association—By Telegraph-r Copyright BERLIN, Juno 16. A semi-official communique declares that Germany is ready to discuss with Britain a settlement of the questions arising from tho moratorium. Such discussions are already in progress with the Dutch and Swiss Governments, but Germany must decline discussions under pressure of a threat of compulsory clearing. Tho communique adds: “The British Government apparently assumes that Germany still has a considerable favourable trade balance with England. It is overlooked, however, that with tho Empire as a whole Germany had an adverse trade balance of 60,000,000 marks for the first quarter of 1934. Therefore compulsory clearing would more seriously damage British trade interests than, those of Germany. Anyhow, the German Government is determined to answer any one-sided British action against German exports with corresponding measures against British imports into Germany.”