LATEST CABLE NEWS
ITEMS
AUSTRALIAN AND N.Z. CABLE ASSOCIATION. THE GERMAN NOTH. LONDON, June 0. Tire “Daily Chronicle's” Beilin correspondent states that, recognising that the continuance of the controversy is producing political chaos, tho German Government luis summoned the Reichstag leaders and has submitted to them the Text of tho latest reparations proposals, which have also been sent to London, Paris, Rome and Brussels. The reply is inspired mainly by the suggestions contained in the British and Italian notes. The preamble states: The total payment given in the previous notes was arrived at after an exhaustive examination of the country’s capacities, which precluded the naming of any higher sum. The German Government is willing to refer the question of the total to an international Commission of experts, and to place all material statistics and documents at its disposal. The German Government pledges itself further to accept the tribunal's decision.
Since a great international loan is not a feasible proposition, Germany proposes yearly payments, to be raised from her own resources. The guarantees offered include state and private guarantees, the first including the income from the customs, and the taxes on tobacco, sugar and alcohol, which would bring in twenty million a voai ; and the State railways, producing another twenty-five millions. Among the private guarantees, tho Government proposes a mortgage upon a proportion of all fixed property, such as land, factories, machinery and houses which would he compulsory on all orders, and which would lying in twenty-five millions sterling. Altogether the schemo amounts to a minimum of seventy millions annually m addition to a property tax.
If accepted, an international conference should he called to work out the details.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/HOG19230607.2.22
Bibliographic details
Ngā taipitopito pukapuka
Hokitika Guardian, 7 June 1923, Page 2
Word count
Tapeke kupu
278LATEST CABLE NEWS Hokitika Guardian, 7 June 1923, Page 2
Using this item
Te whakamahi i tēnei tūemi
The Greymouth Evening Star Co Ltd is the copyright owner for the Hokitika Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in