GERMAN DECISION
TO REFUSE FRENCH TERMS. United Preso Association— By Electric Telegraph,—Copyright.) (Received this day at 9.25.a.m) BERLIN, July 12. The .new Cabinet has decided not to submit to the French conditions for granting credit., at .least as. far as the cessation of the construction of a warship is concerned,, and a renunciation of the Austro-German Customs Union. This decision was reached after lengthy Cabinet sesions, one of which lasted twelve hours, concluding at three in the, morning, and an second was begun in the afternoon. The Reparations Committee of-Reich-hank directors and leading bankers met simultaneously. The bankers were summoned to join Cabinet at a midnight sitting. Cabinet arrived at the decision, owing to the f.cling that it is supported ny a majority of Germans, who would rather see their country crash: financially than .see her submit to what is regarded ns blackmail of the worst possible kind, eventually leading to a worse position than ever. It is also believed that France would soon be making fresh, and absolutely impossible demands. 1
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Hokitika Guardian, 13 July 1931, Page 5
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172GERMAN DECISION Hokitika Guardian, 13 July 1931, Page 5
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