RESTORATION OF EUROPE.

Taihape Daily Times, Volume XI, Issue 3433, 12 March 1920, Page 2

RESTORATION OF EUROPE.

SUPREME COUNCIL'S ECONOMIC MEMORANDUM. LONDON, March 8. Newspapers contain a forecast of the Supreme Council's economic memorandum. The main lines are inaccord with the forecast. The keynote of the niaiiifesto is said to be necessity for restoring Germany and Russia economically. Until that is done el’l’ecti\'e recovery of Europe generally is -iinpossible. Russia’s first requisite is peace and the sec» ontl is reorganisation of transport. The Council urges that the States b0l‘(l€l'lIlg on Russia should acc-ant any reasonable terms. This wonltl enable resumption of trade and the import-ation into Russia of necessary railway material, to which the Soviet Government attaches the gl'eatc-st-importance. The Council conside:-:5 Germanyfs principal need is a precise statement of‘ her (ll_)l‘i_s.’f2ltilOllSl under the ‘Peat-e Tx‘eat_\', As [O the reparation clauses, it is not‘ }iro1)0se(l to revise the Tren‘-'3' in this regard as wide powers are already vested in the Repatrations Com~ mission, The Col.ll1(.'i1 therefore urges the commission to proceed without delay in fixing the amount Germany must pay. To enable this to be «lone, Gerin-.in_v will be requested to furnish lie.-r own estimate, as arranged before the ’l‘reat_\' was signeal. The Dl‘7pO3-ll for allowing: Germany to raise an ex‘ ternzll lo:-in l);'OE'(*llt.~' the greatest ('l'licnlties. It is believed G-ex-11iany’s' et-onomie. rtstoration tlepentl-.: o'l :1 ::i1l)sl-mitial t'nrei::;n loan, wliicli. limever. is lllllll{(‘*l’_\' to be I’cl'tllcoliiin,2; it’ i‘Hp2‘._\'lllt"llig must wait until the in:le:nni‘l_\' is wijietl off. On the otiier hantl. l<‘;:i»xm- liv;."m.i’:i_\' ll(v'("(i.§ I‘Hl'.'lllollT oi‘ the int_lemni’ij»' in ortler to --estore t‘n:- ia\'zlge.< to llltillSl'l')'. While. tlit-refore. the (“mln'.‘il :;u_9,‘— pg-:*sls that repaynieiit oi’ the lean :={lsonl(l take precetlence of the illtlem--ni.i_\'. payinent should be si'i'ojt>-W. to .~-;-rtain safegnartls. It is likely moclificationg will lie made based on the French 1-ewes:--ii» _tations. wliicli 1121‘-"G new l><‘<‘H l»i’f‘7»."f‘llH,‘(l to the (_‘ounCil_ The memorandum also t\liil).'i:i.~:;'>.-es the iiecessity for strictly liniitisiéi PNpentlitnre on armies and 11a.vies., and for fl'ielldl3' intcrniltional re‘..ltit)‘ilS and Government econoiny.

FRANC‘Ii] GREATLY .-t\LAßT\rl?»3t’). LONDON. Nl:—'lrl“.Zr‘ 1". Vessages from Paris state tlm; the [<‘rench Ambassador in London has been ill.~‘tl'uCtGl.l to say that France is willing to sign the menior-.lndlml with the following reservations: (1) Fr-allce'<leclines to press that border States shall make peace with Rus§'a; (2) Reparations under the Pi‘ll(?.é,‘ Treaty must take precedence over loan repayments. An official communique l'roln Paris says. The French Government's ol)j:>c—tions to the memorandum are mainly based on the view that the terms of the Peace Treaty must ‘be rigidly performed. France refuses to ac(:<.=.l»f. rho disguised revision of the Treaty or diminution of the powers of the Reparations Co-nnnission, Nego’t.l:i,tiou:s on these points are in progress. The Daily Telegr-apll’s Paris col're.=pondent says Fre.nch feeling is (.lt?I:‘Dly stirrred by the reports regarding the (‘ouncil‘s Ill€lllol'illldlllll. The French people cannot forget, even if they wished. what damage the invaded areas have suffered, and cannot tolerate the proposition that Ger--Inan3:‘s economic straits should be placed on the same footing as FranCe’S. which are so largely the re.snlt of Gernlally‘s in\'asion. The Daily Telegraph says: There is extreme 11er\'0l1‘.S'neSS in France lest "France may. after all. he cheatefl out of her due, and considers that the other Allies have realised theifaims, including‘ Brit;lin_. xvhiclr sees the G49l‘many navy. maritime commerce and colonies destroyed. France aldone is in <l'dll_££t‘i' of getting little save 1-ur-rlens. Even Alsace-Lorraine is not an :I(‘([llisitno. but merely the restora.tiofl of stolen propert3'. A 'l‘est(-rl in tllou;<anfls of kitchens. Rlli..\h‘l..\’.\‘l)'f\‘ B:1l<'u1;_r I’o\\'del' has m‘\'er Miler! to rise. ("ostxs less than ()tlxur.~‘— -';\'ort‘h more. 1