GERMAN ITEMS
LATEST CABLE NEWS
AUSTRALIAN AND N.Z. CABLE ASSOCIATION, INDUSTRIALISTS SEVERELY CASTIGATED. LONDON. April 25. . Ai severe castigation of the Geimrm industrialists has been administered by Herr Larenstein, the president of the Reichsbank. He accused them of selfishness in refusing to support a loan which was therefore a failure. He also declared that, by sjieculating in foreign exchange, they were stabbing the Government in the hack. Herr Lavonstein added: If an effort to stabilise the mark could not otherwise be effected, the Reichsbank would employ force, regardless of persons and firms. He urged that other banks should assist by refusing to deal in foreign exchange beyond the daily legitimate needs of trade and industry.The industrialists angrily reply that the Reichsbank, by attempting U> fi* the mntk too high, is killing the export tnulo. They are really acting patriotically in counteracting the Government’s errors. A GERMAN OFFER. LONDON, April 25. The “Daily Telegraph’s” Dusseldorf correspondent states authoritative advices from Berlin report the new German offer will lie made at the end of the week. Government addressing all the Allies simultaneously. german intentions. BERLIN, April 25. The German note will certainly ail-, nounco the immediate raising of funds for reparation purposes by means of an international loan, alsi* the readiness of the leaders of finance, industry and commerce, to provide tho necessary guarantees. ■>- the german industrialists. AND REPARATIONS PROPOSAL. BERLIN, April 25. Herr ('lino's conferences with industrialists is delaying the reparations proposal. I'lie industrialists are o|>posed to naming a sum. Ihe note is ex|iected to be forwarded at the weekend.
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Hokitika Guardian, 27 April 1923, Page 2
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259GERMAN ITEMS Hokitika Guardian, 27 April 1923, Page 2
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