GERMAN NEWS.

Hokitika Guardian, 18 August 1922, Page 2

GERMAN NEWS.

AUSTRALIAN AND N.Z. OAaI.E ASSOCIATION. • GERMANY'S FINANCE. BERLIN, Aug 15. The German Chancellor, Dr AVirth, interviewed by foreign journalists, said:—“Germany is now steering with a full sail for conditions similar to those prevailing in Austria. It is absolutely impossible to keep Germany together when her currency is worth less.”

Ho denied M. Poincare’s, allegations that Germany has offered a four mil lions loan to Czeelio-Slovakia. There was not a word of truth in that statement, and the further statement by M Poincare that Germany has also founded banks in Denmark. Ronmania and Holland, was equally untrue. The German financiers, he said, were interested in hanking concerns ia Holland, but merely to enable German trade to link again with the outside world, ns all the German banks were liow closed down, If Germany desired to depress her currency by the sale of marks abroad, she would scarcely attempt this through specially established banks.

Hr AVirth proceeded :— “Our present inability to pay reparations in g old Will quickly he followed by an inability to pay in kind. Yesterday’s payment of half a million sterling was taken from funds that were required to purchase foreign cereals for the people s bread, It is like being at the deathbed of a nation when one surveys the situation, Our great task in the next few months will be to assure social order lit Germany. Already there is a serious, threat of unrest everywhere/* •