MISCELLANEOUS ITEMS.

Hokitika Guardian, 9 April 1924, Page 3

MISCELLANEOUS ITEMS.

LATEST CABLE NEWS

AUSTRALIAN AND N.Z. CABLE ASSOCIATION. N.Z. LOAN SHORTLY. LONDON April 8. | The Financial market expects New Zealand to issue a four to five millions loan, shortly, which will be arranged. THE EXPERT'S REPORT. •SOME OF ITS PROPOSALS. [Reuters Telegrams.] (Received this dav at 9.-15 a.m.? LONDON, April 8. A Paris correspondent states the Experts Report on the reparations is to ho published to-morrow. It is a huge document of sixty pages. According to a forecast it proposes that Germany shall immediately pay 16 million gold marks, also payments of between a minimum of fourteen hundred, and a maximum of two thousand million gold marks; alternatively, that she pay a milliard gold marks the first year, 1280 million tlie second and third years, 1750 million the fourth year, l-100 million the fifth year and onwards after the Oth. year the Reparations Commission may demand supplementary payments, calculated on a basis of Germany’s prosperity, amounting to several hundred million gold marks. The experts propose that the German railways be handed over for half a century to an international Company with a capital of twenty-six milliard of gold marks, of which the Reparations Commission shall hold eleven milliard in six per cent delienturcs, giving an annual yield of 660 million gold marks after the fourth year. Without entering into the question of the military occupation of the Ruhr the experts express the opinion that Germany’s economic restoration can he lasting only if her economic, unity is fully rc-cstalj- j lished. They suggest a permanent Committee of five experts with a ['resident nominated by the Reparations Commission to regulate the movement of German capital and to administer the capital left temporarily in Germany. THE GOVERNMENT DEFEAT. LONDON. April 8. Although the defeat necessarily wakened Government, it is not likely to lead to its early overthrow. Mr .MacDonald’s constant pre-occupation as Foreign Secretary with European affairs is a perpetual source of weakness. His speech was the most, ineffective since lie took oifiec.