GERMAN NEWS.

Hokitika Guardian, 7 November 1921, Page 3

GERMAN NEWS.

GERMAN UNREST. 4USTRALIAN AND N.Z. CABL.K ASSOUIATION. LONDON, Nov. 5. The exchange rates in Ivrlin touclied boll marks to the L', but lias recovered to 757). It is .suggested that I lit* German Gov 11 iiii-• i.t is allowing its exchange lo become demoralised, in m'dci lo im-pre.-s tin- Wasliingion Conference, wit'i a view to securing a revision or modification of the indemnity terms.

The Reiclisbank is tinning out hundreds of millions fit' mark miles weekly. Last week’s output was 415,USS'IKK), bringing the total in circulation to tile colossal total of US. 1-14,00(1,011!) marks.

The "Daily Chronicle’s’’ Herlin correspondent reports the gieatesL pessimism prevails regarding the exchange situation. A iew believe it will be possible to take measures far reaf-hing enough to cause a recovery. The Go, man National Union of Industry is considering the passing ol a loreigu loan to place at the Government’s disposal. The best offer hitherto received is L'25,0( 10,000 in paper by a British group. This is almost equal to the reparations line in January. The "Morning Rost’s” Herlin correspondent states Premier Witb’s new taxation is estimated to yield 12 milliards of mark*. It has hcen introP.U-. 1 in the Reichstag, which is asked to vote the imposts quickly in ordel to convince the Allies ol Germany's goodwill, though the total demands might prove beyond the conn try’s capacity.

TilK MARK’S 1'W1.1.. RERUN. Nov- "*. 'IV Cerman mark is now worth only a farthing. It to tented at SI HI 1 ' [ Cl yesterday, and fell 1 ■>') in an on . I The shop prices changed hourly, peoph besieging the shops in an eagerness ti I exeluinge palter money lltal was dwiiidj line in value lor more substantia goods. i ERZBERGER’S assassination RERUN, Nov. I. ! Karlsruhe newspapers allege tin Bavarian Nationalists decided lasi j spring to assassinate Dr Erzberg.er, am ! p.at'.ieitau.