GERMAN ITEMS

Hokitika Guardian, 1 June 1923, Page 2

GERMAN ITEMS

ATTBTHALIAN AND N.Z. CABLE ASSOCIATION. THE GERMAN MARK. BERLIN, May 31. Thu newspapers learn that the Reichsbanh has refused to place its geld reserve at the disposal of the German Government for the purpose of supporting tho mark, since the Government professes no control over the Reichsbank, on the ground that it is a private institution. This is taken to mean that the mark has been lclt to

its late. Tho Reichsbnnk evidently considers the Government and the business "oild have failed in their duty to support the, mark. Consequently it has refused to pour its resources into a bottomless pit. RUHR UPHEAVAL. ACTIVITIES CHECKED. BERLIN, May 31. The Communist activities in the Ruhr seem lor this moment to have been checked. Tho miners are now returning to work. The local authorities are forming new police organisations. Krupps are printing special notes for the payment of the workmen’s wages, owing to the recent seizure by the French of 90 milliards of marks at t.ie Essen branch of the Reichsbnnk.

BRITISH LABOURITES’ VIEW. LONDON, May 30. A Dusseldorf telegram states that the British Labourites, Messrs ’1 illett, Chris. Jones, and Warren have completed a tour of inquiry <9 the Ruhr. They arc preparing a report. They are not impressed by the Communist rising, and they state that the Bolshevik organisations are chiefly composed of young men. Even sincere Communists among tho miners iof use to attach themselves to this movement. Mr Tillett said that was “an exhibition of spasmodic ruffianism.”

GERMAN FARMERS’ OFFER. BERLIN, May 30. Following oil a meeting of representatives of tlie agriculture interests, the delegates informed Chancellor Cuno that the agricultural interests are prepared to contribute 200,000,000 of gold marks yearly towards the reparations.

GERMANY’S OFFER. LONDON, May 30 Germany’s definite offer is one of thirty milliards of marks, and not thirteen milliards. ALLIES’ IDEA OF SOLUTION. LONDON, May 31. The “Daily Telegraph’s” diplomatic correspondent says: “It is the general feeling of the Allies that the German debt should he susceptible of commercialisation to the utmost extent practicable. Its commercialisation is the chief aim of the Belgian reparation scheme, for establishing tho farmingout of the German State industries.” He adds: “I gather from American circles, that the German tobacco monopoly will attract enterprising syndicates from the United States, provided that the entire system of the monopoly is so framed, as to avoid a political complexion.”