GERMAN SOLVENCY

Hokitika Guardian, 8 December 1931, Page 5

GERMAN SOLVENCY

ENGLISH CONCERN. (United Press Association.—By Electric Telegraph.—Copyright.) LONDON, December 7. The question of the priority of the German payments is an academic one, says “The Times’’ in an editorial. “The reparations cannot be paid unless German trade is restored, thus enabling the payments to be made without endangering the stability of the German currency. This depends on a revival of confidence, which would only be possible if Germany is allowed a breathing space,, to recover solvency. The Ba«le Committee must, almost inevitably, recommend a complete moratorium on all of the reparation payments until German internal stability is restored, or otherwise the whole structure of international credit

will again be thrown into confusion. Ine French insistence ou priority is only intelligible if it is an attempt to maintain the juridical integrity df the Young Plan/’ The Berlin correspondent of “The Times” says: -“The Bruening Government has taken no direct notice of Hitler’s activities, which some regard as being an indication that the Chancellor’s grip is failing.” “The Times” Paris correspondent reports: “Hitler's declaration has aroused indignation here, mingled with anxiety, and is raising doubts ns to whether Franco-German negotiations are useful, inasmuch as, the Nazis might repudiate any agreement that is made with Chancellor Bruening. The presence of Rosenberg in London and Hitler’s 'intended visit to Rome ar© regarded as manoeuvres to enlist foreign sympathy at France's expense. 1 j ;Jj Wl