NOT YIELDING

Hokitika Guardian, 29 June 1932, Page 5

NOT YIELDING

DEBT PAYMENTS

ATTITUDE OF GERMANY.

(United Press Association—By Electric Telegraph— Copyright,)

LONDON", June 27

A message from Lausanne states that Germany is not yielding an inch over the reparations, and demands complete cancellation' as the only moans of world' recovery.

A statement was read by th e German Finance Minister, Count Krosigk, at-'a meeting of the’ French and German delegations. It stressed the -hk- 1 haustion of Germany's resources, and ! disputed the argument- that canceMa- 1 lion would enable Germany to compete more effectively. It expressed a readiness to participate in any- scheme of European reconstruction. • I

Signer Grandi communicated with Mr MacDonald, approving the policy of the clean slate, and stating that Italy had received less reparations than any nation. Cancellation must be applied by all, with the consent of ai’-l.

GMiMaxY Less friendly

LAUSANNE, June 28.

The Premier of France, M. HerHofs remark to-day to German journalists, “Your Ministers are less friendly than they were two days’ ago,” suing, up the situation at the Reparation? Conference.

The situation is now on e requiring all of Mr MacDonald's tact if d deadlock is to be removed.

The delegates generally, arc doubtful whether the German economic proposals are now sufficiently weighty to influence French opinion. M. Herriot’s visit to Paris has undoubtedly stiffened his attitude, as also Captain Pa.pen’s visit to Berlin, combined with Italy’s support, is making Germany les's conciliatory.