GERMAN ITEMS

Hokitika Guardian, 10 September 1923, Page 2

GERMAN ITEMS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. GERMAN MILITARY MOVE. LONDON, Sept, 7. Tlio “Times’’ Munich correspondent says it' Herr Strescinajm falls and the inevitable chaos ensiles, the party will be able to rely on Stinnes’ financial support anil l.udendorff’s military genius and organising ability. Hitler’s oratory and political acumen must be reckoned with. Ludendorfl' addressing the party’s demonstration at Nuremberg, said the party was not interested in restoring the Kaiser .Monarchy, but wanted to awaken a national spirit and build up Germany’s former trust in her military power. Military commanders and others who for long were foremost in advocating a restoration of the military party, attended and saw seventy thousand national socialist storm troops salute Hitles and Ludendorfl'. No sergeant of the British Guards could have found fault with them. “There are strong evidences that big industrialists, notably Stinnes, are financing Hitler, hoping to insure themselves against future Bolshevism.

lit'Hß SETTLEMENT. PARIS, September Well-informed German circles state that, within a day or two, the German Government will send a Note to Franco and Belgium, proposing to initiate direct negotiations on the subject of the Ruhr. ESSEN MINERS RESUME. LONDON, September 8. Advices from Dusseldorf state that, after several weeks’ idleness, the miners in Essen district have resumed work. GERMAN CURRENCY. BERLIN, September 8. Tne Government lias appointed I’rivy Councillor FeUinger, of the Ministry of Commerce, to be a Commissioner with extraordinary powers to deal with the foreign exchanges. He is empowered to take over foreign securities and similar holdings on behalf of the Reich The recent decree regulating the dealings in foreign currencies has been declared invalid.

NEW GER.MAN BANK PLANS. BERLIN, September 7. The mark, after falling to 15 million to the pound sterling, (dosed at 190 million. It is now running a neck and neck race with the rouble for 1 !.e waste paper currency record. The latest quotations for the rouble are three thousand million to the pound. ])r. Helfl'erich (German Finance Minister) in order to save Germany from a financial abyss, lias proposed to establish a bank with a capital of five hundred million gold marks, to issue notes based on gold. Another bank will be csUtulislied by the landowners and industi ialisr.s. It proposes to issue rye marks, based on tlie value of rye. The founders ft already guaranteed two hundred million gold marks.

SIR B. lIOBNE’S CRITICISM. (Received this day at 8 a.in.) LONDON, Sept. 8. Sir R. Horne speaking at Troon, referred to a suggestion contained ill the French noic to Britain, demanding sacrifices of tlm Allies while claiming all they were entitled under the London schedule of payments. Me are equally agreed with tlfe Allies that Germany shall pay all she can and since the object of our proposals is to ensure the creditors to get all idle principle, it is absurd to describe us as demanding sacrifices of the Allies, iioi is there the slightest foundation for flic statement that Britain is not making sacrifices. Under the schedule the payment Britain is entitled to is 715 millions for reparations alone, leaving untouched her legitimate rights against the Allies for loan onnveys advanced during the war. Britain now offers to accept 710 millions which not only discharges reparations claim butrTeleases the Allies from all obligations, involving the British .surrender of chums amounting to 1853 millions, or excluding Russia twelve hundred millions, on which interest reresents over a shilling in the pound on the income tax. Of this sum France owes six hundred millions. ] should have thought M. Poincare would be the last person to say our proposals contained no sacrifices. If they do not involve sacrifice, let. us revert to the original arrangements. Let France pay her debt and we take the agreed twenty-two ix-r cent of whatever Germany succeeds in paying. On the other hand, M. Poincare demands thirteen hundred million free of any obligation of payment of debts to Britain, and United States. In other words she will receive twice as much as the balance of the claims in her favour warrant. Referring to the French proposal to pay Britain in C bonds, Sir R. Horne declared he would rather cancel the French debt entirely than have a pretence of receiving payment in useless paper. M. Poincare protests that France will not repudiate the debt. His proposal which is delivered in the language of an ultimatum, is really tantamount to repudiation.

GERMAN CURRENCY. {Received this day at 8 a.m.) LONDON. Sept. 9. Berlin exchange is quoted at 210 million marks.

“What perils do environ mankind.— Anon. Tbe advent of the chilly weather increases the risk of catching colds and coughs, unless you are safeguarded with Baxter’s Lung Preserver. “Baxter’s” is a rich and warming specific that speedily gets to the root of all winter ailments. Always gives sure relief in the case of bronchial and chest affections. Baxter’s Lung Preserver is also an efficacious building-up tonic. 2s 6d buys a large bottle. All chemists and stores. COURT’S I*IIONO UNCEMENT. WELLINGTON, Sept. 8. •‘lt appears to us that tbe wording of th<. clause- of the Award is so clear and precise, that it is impossible to regard any leductions from weekly wages in respect to time lost on Anzac Day as being permissnble,” stated the Arbitraion Court to-da,y. “There are other occasions, apart from holidays and Anzac Day. on which, through no fault of either party, a full week’s work cannot lie performed, but the Award may be considered as having provided sufficiently for such circumstances by having fixed the minimum weekly wage at a somewhat lower rate than would lie represented by 45 horns pay at the casual rate. Such contingency must be deemed to be contemplated by both workers and employers when a contract for weekly hiring is entered into.” The Award under discussion was that of tho typographers.