GERMAN ITEMS
ACSTUAI.IAN- AND N.Z. CARLE ASSOCIATION. SUGGESTED GERA lAN OFFER. (Received this day at 11.45 a.m.) LONDON, April 30. The “Times” Berlin coirespondent says Germany’s new reparations offer will he dispatched immediately alter a meeting between the Chancellor and Framers of the Federal States on Tuesday. It will he nearly identical with the Bergmaun scheme, proposing to pay twenty thousand million gold marks down, to be raised by means of an international loan, and two instalments each of five thousand millions. The proposal involves guarantees from German industrialists and would envisage some fonn of mutual FrancoGerman diKarmement. Industrialists informed the Chancellor that if the productive capacity of the country was sharply strained, it was just possible to manage the burdens imposed on industry under the Hermann proposals. This involves increasing the hours of labour and otherwise lowering the social standards of the workers. Such an attempt would probably invoke a clash coming at a- moment when the workmen, are about to agitate for a very large increase in. wages, and to demonstrate adhesion to the principle of the eight hour day.
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Hokitika Guardian, 1 May 1923, Page 3
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182GERMAN ITEMS Hokitika Guardian, 1 May 1923, Page 3
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