GERMAN NEWS.

Hokitika Guardian, 27 February 1924, Page 2

GERMAN NEWS.

iCSTKALUN AXD N.Z. CABLE ASSOCIATION. EFFECT OF GERMAN TRADE. LONDON. February 25. Tho “Financial Times” explains that th ' German Reparations Recovery Act A'-t. 1920 provided for tho collection of 2G per cent duty from the British importers, who were repaid by the German manufacturers, who. in turn, was reimbursed by the German Government. This continued as long as the German Government honoured the British customers' receipts. Last November Germany refused to continue this. Consequently, the British trader importing German goods has been in the unhappy position of paying part ot the German reiterations to the British Government. ft is understood, that, as th-.' results of a new agreement, the British traders will now receive a million sterling in reimbursements. The British traders have recently been demanding a solution of the deadlock.

On the other hand Sir It. Horne, has lately been warning the Government that a future Gorman settlement would seriously affect the British steel industry. lie describes yesterday's House of Commons aiiuoumeinenr ns extraordinary. He adds that the ultimate effect will be to swamp the country with German goods. Exchange will, for a time at least, enable German manufacturers to undersell these ot 111 ’tain. Moreover, the Germans were working longer hours for less wages than Britishers. There was no doubt that German competition would he more severe than Britain had before endured. A BERLIN SCARE. BERLIN, Feb. 25.

A “Jack the Kipper” scare lias arisen through the discovery of the mutilated bodies of three women.

BIG TREASON TRIAL. MUNICH, February 25. The names of the other defendants are: Erastposclnier (Police Prefect at Munich under Yon Ruhr). He would have been Bavarian Minister-]’,Vesidbut if (he Hitler-Ludemlorff plot had succeeded. Dr. Wilhclmfriek (formerly Chief of the Political Department of the Muni'll Police). Lieutenant Prcsekner, who lead the storm troops into Munich, Captain Roehin, who seized tlrtf military headquarters wherefrom General Lndendorlf and Yon Hitler issued their decrees. Dr. Weber, a veterinary, military Chief of the Fighting League. Lieutenant Wagner l’unet, who was allotted s|)eeia] tasks in the plan of capturing Munich.

A FARCE. LONDON, February 25. The “Daily Express” Munich correspondent says the trial is really a farce entitled “Whitewashing Ludendorfi’”. It is anticipated LudendorfF will be found not guilty, and told not to do it again. Others may be sentenced in the second division.