NO PAYMENTS

Taranaki Daily News, 26 March 1921, Page 5

NO PAYMENTS

GERMANY AND REPARATIONS. -—i INABILITY TO MEET DEMAND. BREACH OF THE TREATY. By Telegraph.—-Press Assn.—Copyright. Paris, March 23. The German Charge d’Affairs has notified the Reparations Commission of Germany’s inability to pay the instalment of £50,000,000 dxie to-day. It is understood that Germany has rejected the Commission’s calculation that Germany to date has only paid 400 millions. She maintains that she has already paid the full thousand millions, and also demands the convocation of experts to decide the point. Meanwhile she declares in advance that she is not in a position to pay. M. Dubis, president of the Reparations Commission, in a speech at a dinner, said the amount of Germany’s debt, which would be htf&yy, would be fixed before May. Heavy annuities were essential, and the Allies must not hesitate to force Germany to make a levy on capital and have recourse to a loan. Threats would eventually force Germany to pay, provided the Allies remained united and determined. —'Aus.N.Z. Cable Assn. Received March 24, 5.5 p.m. Paris, March 2-3. The Reparations Commission met and considered the German note. It is understood it was decided to inform the Supreme Council that Germany’s action is a breach of the Treaty.—Aus.-N.Z. Cable Assn. GERMANY CAN PAY. FACTS KNOWN BY THE ALLIES. Received March 25, 115 p.m. Pari®, March 24. The Repazraltions l Sub-Committee ha& sent a reply to Germany declaring that the Reparations Committee had positive knowledge that Germany is in a portion to p'ay the .£50,000,000 which were due on the 23rd instant, buit, being desirous' of carrying out the treaty in a spirit <of equity, it liad con'sented to consider all proposals submitted before April 1 regard'i'Dg payment of the portion In mercihandiis'e or otherwise, but it intimated to Germany that by failure to pay she had broken her engagement, and this would be reported to the Powers. — Aus. and N.Z. Cable Assn. EXTENSION OF PENALTIES. REPARATIONS COMMITTEE ACT. Received March 25, 5.5 p.m. Paris, March 24. The Reparations Committee unanirnoiTsly decided to extend the penalties in Germany, including the replacement of Prussian and non-Rhenish civil servants in the occupied territory.—Aus. and N.Z. Cable Assn.