GERMAN ITEMS

Hokitika Guardian, 20 April 1923, Page 2

GERMAN ITEMS

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. t'AULE ASSOCIATION, GERMANY’S IMPASSE. LONDON," April 19. The “Daily Telegraph’s” Berlin cm*t respondent emphasises the anxiety of the Reichstag to extricate itself from the Ruhr impasse, and summarises Germany’s economic situation ns follows: The exports in January were 85 per cent, below those of January, 1922, while tho imports doubled. A curious feature was the importation of luxury articles, liquors, spirits, and cigarettes as well as essential commodities. The Rcichsbnnk every month increases its note-printing output. In January, it increased from 35 to 75 milliard daily. The March output, aimed at 125 linrds of marks daily. The foreign currencies belonging to the ists are rapidly diminishing. Reiehsha nk’s gold reserves are rap.ulv going abroad. The correspondent asks: “What bodes such a situation for Germany or the Allies?” According to a Cologne message, the French Commander-in-Chief has posted a warning in Bochum that acts of sabotage will be punished with hard labour for life. MARK FALLS AGAIN. BERLIN, April 19. There arc conflicting opinions regarding tho latest fall of the mark, which has caused a panic on the Bourse. The financiers are asking whether it means the collapse of the German Government’s stabilisation policy, or tho beginning of a new subtle mote. Others .'ilege that it is due to French influences. It, is also pointed out that Germany’s huge foreign coal purchases must now be paid for in foreign cutrenry. The coal imports since the Ruhr crisis began have cost lrom three to four million sterling per month and the coal now threatens io reach sitf millions. UNEMPLOYED FIRED ON. LONDON, April 18. According to a DnsseUlorf telegram, two thousand unemployed marched to the Mulheim Town Hall, and asked for marks in a lump sum per man. 'When refused, they stoned and smashed the windows. The German police intervened. Several shots were fired on the demonstrators. One of them was killed, and others were injured. The demonstrators then appealed to the French authorities for aid tection.