GERMAN NEWS.

Hokitika Guardian, 30 March 1922, Page 3

GERMAN NEWS.

AUSTRALIAN AND N.Z. CABLE ASSOCIATION TRADING LOSS. BERLIN, March 28. Siemen’s Electrical Company, owing to the adverse rate of exchange shows a loss for the year, of 183 mill ion marks, which is four times the amount of capital and stock. LABOUR WORLD. BERLIN, March 29. . The chorus of iTie Bayreuth Opera have Struck. The season has ended. The chorus is willing to appear on the istage. hut has icfused to sing one note unless advances in pay are granted.

DEMAND BY ALLIES ON

GERMANY.

BERLIN, March 29. Herr Wirth, the German Chancellor, speaking in the Reichstag, denounced the demands of the 'Allied Reparations Commission. He remarked: The Allies have made a demand for a further sixty milliards of fresh taxation in Germany. This is an impossible. condition. Germany is a Parliamentary country and she cannot impose such burdens on her people without consulting them. If is not possible to raise one fraction of sixty milliards of marks. It is scarcely possible to raise another sixty million of marks. It seems that there is an idea abroad that Germany is extravagant, but she is really doing everything possible to restrict her expenditure. The stabilisation of the German mark is impossible without ail international loan and a revision of the Versailles Treaty.