GERMAN NEWS.

Hokitika Guardian, 22 February 1924, Page 2

GERMAN NEWS.

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. R EDA R ATTONS SOLUTION. DARTS. February 20. Dr. Scbaebt, tlie President of the Reich thank, lias departed for Berlin. Do returns to Paris in a week, when he will again confer with the Allied Exports’ Committee in regard to the details of his scheme in connection with a Gold Credit Bank, which the Expeits arc understood ,to have accepted in principle.

MORATORIUM FOR- TWO YEARS. LONDON, February 21. The “Morning Dost” Paris correspondent says: “It is expected that the Experts report will lie unanimous thanks to the conciliatory attitude of the Fundi dlvcgate. M. Dannentier, who. as a business man. considers the proposals should he accepted. It is intoned that the Experts consider the chances ol immediate payments will lie i»u<:Ji greater if the French and Belgian- are willing in leave ihe Ruhr. It is understood that a moratorium, pro-baf-lv lor two tears, will ho recommended but that the payments in kind must be made. The Exports will express their surprise at the inadequacy of the Gel-matt taxation and the huge German militant expenditure.’’ The “Daily Telegraph” Berlin correspondent says: “Hen* Butcher. Pireet tr of the Federation ol German ludust:v, .speaking at Frankfort, confessed it was his view that Germany’s only course was to accept the Experts’ recommendation. This would bo easier because they bad conducted their investigations as economists, and not as

politicians.” The '‘.Morning Post” Brussels roi respondent says: “My personal opinion is that the Belgian Government is more anxious than ever to exchange the Ruhr ocMiputiun for oilier guarantees, and M. Poincare's mind has been much changed on that point dining the past two weeks.”

BELGIAN FINANCE Sot'SD. LONDON, February 21

'I lie Brussels correspondent of the “Daily Telegraph” states that M. Thomiis, the Premier, in the Chamber declared that he was absolutely confident that the problem of the Belgian lranc exchange will be solved. The ( i isi.s. he said, teas so unjustifiable and so artificial that it could not last-. r .l lie only possible explanation was the repaiatioiis deficit. Belgium’s magnificent recovery since the armistice was m-!. a fully appreciated factor. She was working at full capacity. There (■■is no unemployment. Trade was nourishing. Large sums were being devoted to the reduction of their debt, which would be extinguished in about A 0 vear.s. There was no reason whatever for the prevailing pessimism. Even if Germany only fulfilled her reparations’ obligation in kind, the public debt and war pensions would he met without any inflation or loans. This was mainly owing to the increase in their tax yields, which were I 'is year AO!1,000,01 SO francs over wlmt they were last year.

BELGIUM ECONOMISING. BRUSSELS. Fehruaiv 20. Owing to the fall in the value of the train- the Belgian Government has redreed the budget oxpcndituie by 100 million francs.

REICHSTAG TO BE DISSOLVED BERLIN. February 19.

The Reichstag is expected to lie dissolved next week a- the Social Demoare opposing the emergency power, of the Government Act in tts presi t t form. PALATINATE SHIFT. LONDON, February 20. Thu Jlei'Ut'i correspondent ox the •‘Bail Chieuicio’’ cays.—“ Though most of the Separatis-ts lixt'-fi- left the Palatinate. or have heen taken to France tu join the Foreign Legion, teirorism in the Palatinate continues. The French at riiTUausoiis have arrested GO leading; citizens and have drawn up a list of hostages who will he held responsible loi the safety of Separatists. Prominent officials and citizens are on the list. At Pirinauseus a general strike has been declared as a protest against the Ficnch attitude.