BRITISH AND FOREIGN ITEMS

Hokitika Guardian, 12 April 1922, Page 2

BRITISH AND FOREIGN ITEMS

[by TELEGRAPH—FEB PRESS ASSOCIATION]

GERMANY REJECTS DEMANDS

reply to Allied comMis§ic)n

LONDON, April ICA The Berlin correspondent of the “Daily News” states that the principal points of the German reply to) the Allied reparation demands are:— (1) Rejection of the demand to raise £46,999,090 by new taxation. (2) Rejection of the demand for an investigation of Germany’s capacity to pay on the basis of the Peace Treaty terms. j (3) Germany is unable to pay cash i without a foreign loan. (4) The reply stresses the grave economic and social conditions provoked by rising prices and inadequate wages. (5) Germany is prepared to submit a statement of her financial and economic situation. The reply emphasises that foreign money is not available during 1922, that famine confronts the population, and insists that only through a foreign loan can reparations be payable.

MINERAL CONTRACT. LONDON, April 10. Mr Hilton Young, replying to a ques tion in the House of Commons, said the British Government was under a contract to supply the National Smelt-' ‘ ing Corporation with 45,000 tons of Australian concentrates yearly for ten years, ah from January Ist 1918, on the same . terms and conditions as ithose under which the Board of Trade acquired same. - ■

A GERMAN TRIBUTE.. BERLIN, April 11

The newspapers pay a. tribute to Hon Lloyd George’s remarkable diplomatioal ability in restoring peace at the Conference. !