GERMAN NEWS.
AUSTRALIAN AND N.Z. CABLE ASSOCIATION,
GERMAN AFFAIRS. BERLIN, July 28. The unemployment in Germany has now diminished to below the pre-war records. BERLIN. July 29. . .e Bavarian Diet overwhelmingly defeated an Independent Socialist motion to expel a male member of the Royal House. The Minister of the Interior expressed disgust at the attempt which would lead Bavarians away from t..eir feeling of gratitude towards the Roval House. BERLIN, July 29. President Ebert, has written to the Premier of Bavaria, urging him, lor tile sake of German unity, to withdraw the Bavarian ordinance against the Reichstag’s Defence of the Republic Bill. President Ebert suggests fresh negotiations in order that lie. shall not be compelled to cancel the ordinance. LONDON, July 29. The German exchange rate has reached 2540 marks to £l. which is a now record.
THE INDEMNITY. PARIS, July 28. Replying to the German Ambassador, who requested a reduction of the instalments payable to Germany’s private creditors. M. Poinoaire stated that owing to German bad faith regarding debts, tlie Allies unanimously insisted upon a continuation of the payments, namely t*wo millions sterling monthly.
GERMAN BANK RATE. BERLIN, July* 29. Tlie bank rate has been raised to six per cent, after standing at five per cent since December 1914*.
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Hokitika Guardian, 31 July 1922, Page 2
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210GERMAN NEWS. Hokitika Guardian, 31 July 1922, Page 2
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