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Hokitika Guardian, 7 December 1921, Page 2

Tin-: Wiesbaden Agreement, which has been mentioned in the cable news several times recently in eonneetion with] the question of Germany’s to mo Allies, is a document signed by the German and French Governments on October 6tli last tinder which various adjustments are made to facilitate the working or the reparations clauses of the Treaty of Versailles so far as these relate to French claims. A delinite system is' laid down as to the basis upon which Germany shall be credited with the value of her supplies. An important clause is that in which the Allied Powers undertake to use German coal only for their own needs. In the past France has exported a great deal of German coal, which o°st her nothing, to the groat damage of Britain’s coal export trade. Since in the present wildly chaotic condition of Germany’s finances there is little chance of any of the Allies getting monetary payments, Franco’s practical scheme for getting reparation in goods puts her in the position of a secured creditor, and according t<> recent cablegrams there will he very little to lie got out of Germany by any other creditor lor some years to come.