GERMAN ITEMS

Hokitika Guardian, 18 October 1923, Page 3

GERMAN ITEMS

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. CARLE ASSOCIATION. A GERMAN REQUEST. 'Received this day at 9.'ld am.) LONDON, October 1". The “Westminster Gazette” Paris correspondent ro])orts M. Poincare lias acceded to the request- of the German Charge d’Alfairos for an interview today. It is understood to he regarding reparations deliveries in kind tor which the Berlin Government states it is ana hie to one. «r ‘ GER.MAXY ALARMED. (Ruecived this day at ID a.in.) liK.itr.TX, Oct. 17. Reports that the British Government, had decided to withdraw from ('online iTtal affairs and concentrate on their own dominions has created astonishment and anxiety in responsible circles, where such a step is considered would he particularly disastrous at the present juncture, when the imminent menace of unemployment, especially in Ruhr, cannot quickly he solved, it is considered here that such an notion is shirking, by England, of the responsibilities arising out of the Versailles Treaty. OMR MAX DEBACLE. A FINANCIAL SMASH. {Jteca'red this dav at 9.25 a.in.) I,OX DOX, Oct. 17. The "Times” Cologne correspondent states that after all, Degoultes negotiations with the industrialists have come to nothing. A meeting of leading industrialists including Herr Stinnes, decided to inform the French that as there was no prusout possibility of raising the money to pay wages, they were compelled to close the mines and works. This decision was reached after the revelation of Germany’s financial straits, on tlie authority of the Imperial Minister of Finance. The latter announced that it was impossible to finance reparations in kind for France or any reparations to the Allies. The financial chaos and the general exhaustion following on the Ruhr struggle and the . urgent necessity of feeding the population demanded drastic economies. Even the advances to the armies of occupation will probably have to cease. Accordingly the Imperial Cabinet will shortly dispatch notes to the Allies notifying the cessation of all repara- ] tions until further notice. Thus it is I obvious that Rerlin is unable to finance i the production of coal for reparations. < Enquiries made at home and abroad < elicited the fact that it is imoossihle to 1

grant credits to assist industries in the territory occupied by foreign troops. The last available credits for wages will he exhausted this week. Thus it appears that next week will see the huge working population of the Ruhr m.employed. 'Die industrialists say that this is not a matter of tactics, hut that there is simply no alternative.