LATEST CABLE NEWS

Hokitika Guardian, 19 November 1923, Page 2

LATEST CABLE NEWS

NEW WAR. FRANCK AND (IF.RMAXY. AUSTRALIAN AND N.Z. CA-IJLE ASSOCIATION. LONDON. Tlir *o,iilv Telegraph's’ polil ieal .»>- servor. who is regarded :<s not only well informed, but also as being geue.ially inspired, says: “An authoritative British Statesman to-day gave me. a. circTullv considered warning, wherein he said that the European situation had come to a much more critical pass than most people in Britain imagined. The danger is not an Anglo or French break, which cannot alter the main issues in the present situation. The most serious menace is a final Franca iml (human break, owing to Germany's repudiation of the lVnce Treaty, dust as Formally has defaulted over tin* .reparations, so she might shortly default over the question of disarmament. A definite Franco-German break must inevitably produce military operations on the Rhino. bo* France could net wait ami see tlie small fry of the German Xationali-t organisations grow into admit sharks. Such operations by Franco would cause the collapse of the' whole shaken structure of Germany. It would precipitate Central Europe into a turmoil from which a French hegemony would emerge, much more marked than now. Biitain wanted to prevent the disruption of Germany. The only wav to do litis which was still open to Britain was to control the French action. The greatest obstacle to Biitain obtaining this control was geneialiy held by the delusion Hint going with France meant helping her. By not accompanying France to the Bulir, Britain had simply allowed France to develop her own schemes. The only wav to coot.*)! France was Id remain, at her side." NEW GERMAN CFI!ItKXCV. LONDON. November Id. The “Daily Telegraph's'' Berlin correspondent says: "This is a great day in the history of post-war Gcrm.'UiV. and perhaps of the whole of Europe. To-day the i--,ue nt Beiilen marks or Bond marks began, and the German Government ceased entirely to raise money by discounting bills at the Beiehshank. The Government, instead. How diuvv.s oil the immediate credit of throe hundred million bond maiks given it by the Renton hank issue of new 'ii'reev. The civil service this week can only receive c.ne third e.f their moiw in bond marks. This is .largely due to the printers being on strike, bill the bond mark printeis are now working. It is expected the State’s outgoings daily will lie met increasingly in bond marks. By quick degrees it is lmp.ed these will soon become the chief medium of exchange in the retail trade. Before Ibis is achieve:!b!e there must he stable exchange between paper marks and bund marks, or gold hacked securities. This is rendered dillicidt bathe Government's recent interTerences with the money market." The ‘'Morning Best’s'’ Berlin correspondent says: “The next fortnight, will show whether this first step towards a gold basis of currency is on firm ground.’’ BE 111. IN, 'November lb.

The German Cabinet has decided to devote one million of the Renton marks out of a- total of nine hundred inillk’ii placed at the government’s disposal by the Rentenhank, to a continued pavment of subsidies to the occupied ten it.oiies, especially in un'cni] loyment doles. The issue of the Ronton matk began to-dav. i HEM It INTEREST. (Received this day at S a.in.) LON 1)1 IX. November I*. The “Observer” says Frame 0 taking greater interest in the gen-.'ml election than in any event abroad for a long time. It is gradually dawning on the av-uage P’lvn hrnau that Luglwh newspaper, which h-ivo been tolling him the Biitish people have m-.‘re sympathy with AL I’oineare's polity than the British Government, may he mistaken. Whichever way Cue ejection turns nut, it is unlikely to be pleasant for AL I’oineare. PYoteeDou would hit French etporls. while a victory for Liberalism or Labour would not give a foreign policy any more friendly to AL I’oitieare than Lord (‘itrzon's. ANGLO-FRENCH CRISIS. .Received tin’s day i.t 8 a.in.) LONDON. November 17 The “Sunday Express" says the AngloFrench crisis continues. At Britain’s suggestion the Ambassadors Own re mice, fixed for Saturday will he potp-ened til 1 Mor,day. w lien it is hoped a eompi mir.se w ill he ofi'oeted with France. Bt 't.dii regards the letnril t v V tic exCniwn Prince with disfavour. hut di;e‘ : not consider the situation warrants an ultimatum. The real hone ol eomention is the resumptum of the fum'ioiis of llio Alii it ray Contiol Commission. Germanv states she is enahh' to go irantee ihe safety of Freni fi and B'igmn < fiieer>. Britain agii’C-s that (ont'-oi must I ( . resumi'd. hut opposes further sanctions.

CIIAXG K IN FRF NCR POLITICS. (Rei-oivod ibis day at 8 a.m.t LONDON. Novemh-r IS. The '‘Sunday Times” publishes a message from a I’aris correspondent fore, shadowing a voilv-facp by Frame '1 he message which is curiously (voided, i r a tel ia hie correspondent accustomed to ill. u-c cf diplomatic language, say- it is anticipated an important change in tin- French foreign policy is imminent. The new attitude will be based ell the theory that the French policy ol the past, however logical, has been too narrow to attract tin- world’s sympathy, particularly that ol the two groat An-glo-Saxon dcimr raeies. flu- spectre of isolation has at least grasped 'he imagination ol the longer sighted Frem-o politicals. The first plank in the new [ingiammo would he greater ouphasinii democracy, ill order to bring the French policy closer to a mom libelal trend of thought in Britain and Hie l nited States. LONDON. November IS The ‘Sunday Times” I’aris (oriospondent says as applied to Get many this would mean a more d-liui- 1 encouragement of tile elements whirl. have j striven, to give --'-me reality to H>'‘ Republican form -o' Govern men:. >■' '<‘ !l is sup[.o-ed to exist in Germany. is f, It that Britain would view wan a '«-ss suspicious eye the actions ol Frum -■ if it were made evident that Fran le v'shed to strengthen the Republican (dement in Germany.

AIU.SsoI.INI SI'I’BOBTS BRITAIN. ■Received this dnv at 8 i.m.l ROAIK. Nov. BA. In a long statement in the Senate Premier Mussolini, reviewing the Government’s foreign -policy. showed that the Italian views largely accorded with Britain's as regards the Allies’ relations with Germany. He declared lie request for the banishment of tho ex-Crown Prince was a mistake and would merely complicate the situation. Italy would not agree to further occupation of German territory. He pointed out the necessity for recognising the - ight 1 ' the German people to exist, ami toe thought of destroying them ran -t ' " entertained. The Senate stibse-ic. i.rly approved of the Gover-nm s eigu policy.