GERMAN INDEMNITY.
‘FORMER OFFER WITHITRAWN. CANNOT PAY £5,000,000,000_ BERLIN, Ju]y"'4. ‘A memorial, signed‘ by twenty-two prominent German economists, which was to be presented to the Peace Conference on July I,'in View of the Spa; Conference, states that the German‘ offer of May, 1919, to pay a maximum of one hundred milliard marks cannot be repeated, as the economic position of Germany is consider-ably worse? now. Germany’s minimum inipm-tr needs for the next twelve months are million tons of foodstuffs and three hundred thousand tor‘ of phosphates, for which Germany ~quires foreign credits, in the form of emergency loans. The memorial lays down a. nllmb-~‘r -of conditions of the new German offer, including one that restitution of articles taken from occupied territora ies be considered as part of the I‘ep:l—. triation debt.
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https://paperspast.natlib.govt.nz/newspapers/TAIDT19200706.2.30
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Taihape Daily Times, Volume XI, Issue 3520, 6 July 1920, Page 5
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131GERMAN INDEMNITY. Taihape Daily Times, Volume XI, Issue 3520, 6 July 1920, Page 5
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