REPARATIONS

Hawera Star, Volume XLVIII, 16 July 1924, Page 9

REPARATIONS

EXTRA EDITION.

REPRESENTATIVES TO LONDON CONFERENCE. GERMAN GOLD BANK BILL. BT CABLE—PREBB ASSOCIATION—COPYRIGHT (Received July. 16, 11.30 a.m.) LONDON, July 15. Mr J. H. Thomas called a further meeting of Dominion representatives at the Colonial Office in regard to the representation of the Dominions at the conference, in connection with which over 100 foreign official visitors will be in London by to-morrow. It is expected that the following will represent their countries: Britain, Messrs . MacDonald and Snowden; United States, Mr Kellogg and Colonel Logan; Prance, MM. Herriot, elemental and Nollet, and possibly Marshal Foch; Italv’ Signors Destefani (Finance Minister), Denava, Marchese and Dellatoretta: Japan, M. Hayashi and Baron Ishii; Belgium, MM. Theunis and Hymans'; Portugal, Roumania, Serbia and'Greece will also be represented. BERLIN, July 15. The German Bill for the establishment of a new gold bank note has been submitted to the Reparations Commission. The bank will be conducted similarly to the Reiehsbank, and the directorate will be exclusively German, but will be supervised by a general council of fourteen members, comprising seven Germans and seven appointed by America, Britain, Italy, France, Belgium, Switzerland and Holland as creditors of the new bank. Herr Schaeht, president of the Reiehsbank, is president designate of the general council. The bank will be completely independent of the German Government, and will issue so-called reichsmarknoten and coinage to a value of five milliards of gold marks, which must be covered to the extent of onethird by gold and foreign currencies. The bank’s capital of ,850,000,000 gold marks will be raised by an international loan.-^Reuter.