AMERICAN MONEY FOR GERMANY.

Taihape Daily Times, Volume XI, Issue 3439, 19 March 1920, Page 3

AMERICAN MONEY FOR GERMANY.

WASHINGTON, March 17.

A 8111 has been introduced into the House of R-eprcsenta.tives authorising the War Finance Corporation to advance loans to the extent of 21 billion tlollars Io ("u-I'l:lany, not more tlunl three luln(’lr'ell millions of which shall be advanced in an yone year, The Bill provides {hat Germany may enter into COl)'tl‘aCl'S 11011! for {"110 1n_1:'(3l1:15e of f0o(lst11lI’s and raw nlatorials, and :is;<lll'e payment by gllul';lntQQS to be :Ip}_n'ovL=d by the Rvp2ll'a.tion Commission. The VVal'l*‘in:lnce Col‘pol'al:ion will control the amount anfl kind of merchandise purchased, It is said the purpose of the I‘n€ll.\'lll‘c is re anl‘icipale a great <'lopl'<.‘ss.io:l in Rxmox-ican export trade, due to the fall in the English and French rates of exchange. (foxlg'l'essll‘lall Sulith proposes to re—establish I:lnguisl:iug trade by al'l':lnging‘ for credits ‘:0 Gm'nlnny amounting to two llumll'od million_v. sterling. American exporfs lmvo dropped seventy pel‘con't in the last three months.

AMERICA'S NAVAL AND AERIAL PROGRAMME.

BIG BUILDING APPROPRTATIONS.

XVASHINGTON, March 16.

The House Navy Committee ap}‘;l'o\.'(‘(l 9. Bill am.:l‘opi-intinp; 425.290 thousand dollars in 1921 for the Navy. amll provirliwg for a oonst'l'u(:i'im’l pro<,jsr2‘lnlme which will give the United States txvenfy-oiglxf sliips of the firsf line and ninc’ro.cn of the second liiiu by 1924. The Bill :IpprCpl'ia't<\s Q7l? 000 (lr-lln1'.“~ for avia-lion.

PROPOSAIS H EAVTLY PR 1 '.\“.<lT)

\V'A‘w‘HING'I‘ON, March 16.

(‘ov1;_;':’z=::::11:n.r1 Snzifh urged the Navy f‘nmmi’rtco of the House to ignore Mr Dflniels’ fl.oln:ln:'} for a. larger Navy, ?w.=nal:sr= the naeoptance of the Treaty {vns delayed. sl‘}lr_=, 001mniH'0C TO3llO- - Mr D-_vr.ir~l.~*.’ os~l’imn’r<*s by sixtv mil-

lions .*=f(‘l'H)lQ'. eliminzifino; much proposed nxm'nr’!ituro on tho Pacific ‘Coast aim] doalining_; ~to authorise the con-.ch-uction of now fiqlitingi ships, and aiso declined to build giant seaplanes, ‘two of which it was i'ooenH_V reporfed migiuf affompt a frans-Pacific flight‘.