FRANCE & GERMANY

Hokitika Guardian, 21 February 1923, Page 2

FRANCE & GERMANY

! BV TEMSOKim—FEtt PUESS ASSOCIATION] NEW FRENCH MOVE. LONDON. Fell. 10. It is reliably stated that the French will shortly make a military move in order to obtain possession of Germany’s jrreat sulphuric acid producin'? plants. The town of Welzlar is mentioned as the objective. The surprising recovery in the value of the mark is haying an appreciable effect on prices of loodstulis ill Ruhr. It is believed the German tactics in buying up the mark are aimed at countering the new currency contemplated by the French, preventing it from having a higher purchasing power. PROPOSED LOAN. HEREIN, Feb. If). Negotiations are being opened to-day by the .Ministry of Finance in regard to tile flotation of an internal gold loan. The proposed amount is two hundred million gold marks. r l he loading bankers arc invited to attend. FRENCH LOSING MONEY. PARIS, Feb. 10. The French Cabinet is asking the Chamber of Deputies for 115,000,000 francs to (over the expenditure in the Ruhr for January and February. Apart from the stoppage of the reparation payments and loss of industry due to the closing down of the blast furnaces, it transpires that yesterday three trains ol coal and one of coke left Ruhr for France, whereas there should luivi* boon lit tv trains. PARIS, F<‘b. 20 M. Poincare. French Premier, addressing the French Foreign Allans Commission in the Chamber, said the Ruhr Hasiu produced ninety million tons of coal vearly. Of this, the Allies controlled nine-tenths. France and Belgium did not intend to take _ over the exploitation of the Ruhr. France had received, In date, Hl'ifi trucks of cell. BRITISH ZONE QUESTION. LONDON. Feh. HI. Air Bonnr Law. in the House of Commons. replying to a question as to whether the Government lias assented to the transport of goods under French supervision, across any part of the British .-motion of the occupied area, lir a' io what were the proposals submitted by lbe French, said he would prefer not to make any statement until a Inter stage. . . Replying to a further question, the Premier said the Government had made certain proposals to the French Government;. but would not discuss the matter until the French reply had been received• GFPM'N CT'RRENCY problem. BERLIN, F’eb. ‘2O |i j.. estimated that it will cost the Reich -bank fT.’.500,000 to establish the mark at the exchange value ol lilt) 000 marks to the pound. Many importers who bought foreign currencies with the mark at its lowest have been mined by iho subsequent rise, especially the dealers m iooiMull“. Cl'stTOM's EVASION. (Received this (lav at S a.m.) BERLIN. F'cl>. ir, Dr-s-eldorl reports state the French discovered an ingenious method nt evading the customs cordon by despatching coal ostensibly consigned to Holland and unloading it mei Lie frontier and sending it bad. to " ' FRENCH COI.T,IX I FINELONDON. I'd- RL The “Daily Chronicle'-" Cologne correspond -in alleges the I'l-mli ( ollccteil ninety Uiofsaiid of the line imposed on Gelsenkirchen, by raiding charitable organisations and holding up pedestrians in the streets am! taking their money.