THE REPARATIONS

Hokitika Guardian, 29 April 1921, Page 3

THE REPARATIONS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION

GERMAN MOVE FAIRS,

NEW YORK, April 27. Tnc New York “Evening World’s' Washington correspondent learns that United States will not forward the German reparation proposals to the Allies, Britain and France Having advised Mr Hughes Hat they are not acceptable.

GERMAN OPINION. ' BERLIN, April 27

The Note is unfavourably criticised in financial circles, as it is considered the execution of tho offer is impossible. Strauss, director of the Deutsche bank, nevertheless, is of opinion that an agreement on that basis is better than the present desperate situation, though it would mean that Germany would lie enslaved for a decade. He added that a big loan can only lie successful if the while world participates, and lias a special attractive power, such as being free of taxes.

ilepftrntions Payable. FIXED BY ALLIES. AT 132.000 MILLIONS OF MARKS. KEUTUU’s TELEGRAMS. | (Received this day at 8 a.m.t PARIS, April 28. I Official —Tbc Reparations Commission | has decided to fix the total amount of; reparations payable by Germany at 132,- i 000 millions gold marks. j [Germany’s offer in the Note sent to , America, was to assume a liability of 50,000 million gold marks, payable in I annuities.] j FRENCH DECISION. I PARIS, April 28. j The French Government lias instruct- j ed the French Ambassador at Washington to inform President Harding that the German proposals are unsatisfac- , tory, and to request President Harding not officially to communicate the German proposals, as France would resent any support which America gave to Germany diplomatically at the present time. 1 GERMANY’S OFFER. i LONDON, April 27. ! The “Times” says: An analysis J shows, in the first place, that the Ger- j man offer is conditional upon the pre- j sent basis of German production being i undiminished, which the Berlin corres- j pondents categorically state means the | retention of Upper Silesia by Germany. j In the next place, the amount of the ; annuities is left indefinite. 'Then the j conditions of the international loan re- ; main vague, suggesting that the foimei : audacious contention that the loan j should he exempted from Allied income j tax is included. Germany offers only j -1 per cent, interest on the annuities mi- j til she can afford to pay more. Ihe \ Allies are unlikely to accept this estimate of her eapacitv. France is tin- ( compromising. The terms are absolutely unacceptable, say her leaders. The French claim that equivocation underlies the whole German Note, and that 1 it really does not exceed the original j parliamentary offer of fifteen hundred ' millions for the total Allied war dam- ‘ ages. M. Briand was accorded an ovaI tion in the French Chamber when he ' declared the Note was impossible, and that Germany was ruled by selfish industrinl powers, who will change the 1 outlook when they see their industries 1 controlled in their own backyard.

THOROUGHLY UNSATISFACTORY (Received This Day at 8.30 a.m.) LONDON, April 28. Hon Lloyd George informed the Commons that lie bad seen the German proposals submitted to United States, and regretted to say they were thoroughly unsatisfactory. REPARATIONS. PARIS, April 28. The Reparation Commission unanimously fixed the total German reparations payment at 132 thousand million gold marks. This does not include tlio repayment of all Belgium borrowings from the Allies prior to the armistice.