REPARATIONS.

Taranaki Daily News, 29 April 1921, Page 5

REPARATIONS.

GERMAN PROPOSALS

NOT ACCEPTABLE TO ALLIES.

WILL NOT BE FORWARDED.

By Telegraph.—Press Association. Received April 28, 5.5 p.m.

New York, April 27. The New York Evening World’s Washington correspondent learns that the United States will not forward the German reparation proposals to the Allies, Britain and France having advised Mr. C. E. Hughes (Secretary of State) that they are not acceptable.—Aus.-N.Z. Cable Assn.

REJECTED BY FRANCE.

PLAIN REQUEST TO AMERICA.

Received April 28, 5.5 p.m. Paris, April 28.

The Government has instructed the Ambassador at Washington to inform President Harding that the German proposals are unsatisfactory, and to request President Harding not officially to communicate the proposals, as France would resent any support America gave German diplomacy at the present time. —Aus.-N.Z. Cable Assn.

AN EMPTY OFFER.

SMALL WORTH OF NEW SCHEME.

FRANCE’S FIRM REJECTION.

Received April 28, 8 p.m. London, April 27. The Times says an analysis shows, in the first place, that the German offer is conditional upon the present basis of German production being undiminished, which Berlin correspondents categorically state means the retention of Upper Silesia. In the next place, the amount of the annuities is left indefinite. Then, the conditions of the proposed international loan remain vague, suggesting that a former audacious contention that the loan should be exempted from Allied income tax* is included. She offers only four per cent, interest on annuities until she can afford to pay more. The Allies are unlikely to accept this estimate of her capaAty. France is uncompromising. The terms are absolutely unacceptable, say her leaders. The French claim that equivocation underlies th* whole Note, and that it really does not exceed the original paltry offer of fifteen hundred millions for the total Allied war damages. M. Briand was accorded an ovation in the Chamber when he declared the Note was impossible, and that Germany was ruled by selfish industrial powers, who will change their outlook when they see their industries controlled in their owrf back yards.—Times Service.

GERMANY QN THE NOTE.

AN IMPOSSIBLE OFFER.

Received April 28, 5.5 p.m. Berlin, April 27.

The new German Note is unfavorably criticised in financial circles, as it is considered the execution of the offer is impossible. Herr Strauss, a director of the Deutsche Bank, nevertheless is of the opinion that an agreement on that basis is better than the present desperate situation, though it will mean that Germany will be enslaved for a decade. He added that a big loan can only be successful if the whole world participates, and has a special attractive power, such as being free of sax. Aus.-N.Z. Cable Assn.

TOTAL REPARATIONS.

DEFINITE SUM FIXED.

Received April 29, 1.5 a.m. Paris, April 28.

Official.—The Reparations Commission has decided to fix the total amount of reparations payable by Germany at 132,000 000.000 gold marks (approximately £6.600.000,000). —Reuter Service.