MANY DIFFICULTIES

Rotorua Morning Post, Volume 1, Issue 108, 29 December 1931, Page 5

MANY DIFFICULTIES

•ess. Assn.-

french charge germany with dishonest practices ritish moratopjum plan

— By Telegraph — Copyright).

Rec. Dec. 28, 11.42 p.m. LONDON, Monday. Ihe "Daily Telegraph" says that j prime Minister , Mr. Ramsay Macnald, has personally sent a letter the French Premier, M. Laval, sugsting a meeting to discuss a line of [jey for the Reparations Conferce. ]jVhen Sir Leith Ross, of the British easury, was recently in Paris, he 3posed that a five years* moratorn be granted Germany and that ance abandon her claim to repara,'ns as an inducenxent to the United ates, ito cancel the Blritish and ench wai' debts. France's eounter proposals were a irnian moratorium for two years, ding that France could not see her iy to give up her claim to repara®s. Sir Leith Ross said that the French icials agreed on the urgent necesV of meeting the situation arising jm tbe United States Congress' resal to deal with her indebtedness. In Paris, the newspapers' outstandI topic is how the Basle Committee II view the attitude of Congress. tey agree that recommendations in 5 Basle report could be dismissed invalidated by the facts. Newsper comment 1s thus concentrating 'the assumption that the report yirplly declares Germany banlcrupt. i'Le Temps" agrees that the defini collapse of Germany may be serijs, but insists that Germany alone responsible and that the cost of jarations is only 125 per cent. of nnany's total indebtedness, the t being due to extravagance. 'L'lntransigeant" describes Gerny's methods as frankly dishonest, by bankruptcy in 1925 she reducher national debt to nothing and n borrowed abroad on short term itracts, the proceeds being inted for long terms ; thus she is une to repay her creditors, who have rely enriched a country which deres it is insolvent to spite its vicis.