REPARATIONS

Taranaki Daily News, 19 July 1921, Page 5

REPARATIONS

SHARES FOR DOMINIONS. BASIS OF AGREEMENT. DIVIDING EMPIRE'S TOTAL. By Telegraph.—Press Assn.—Copyright. London, July 15. It is understood that an agreement .has been reached with the Dominions to share the German reparations due to Britain on rhe basis of expenditure and loss of shipping. The problem was complicated because such a. basis as would be satisfactory to one country would be unfair to another. If losses in shipping formed the basis England would get practically everything, because the Dominion losses were comparatively negligible. Some Dominion representatives suggested capital investments and pensions as the basis, but the pension scales vary widely. A compromise was finally effected under which Australia and Canada, each get 44 per cent, of the Empire's share, which is 22 per cent, of the total indemnity of £6,600,000,000. Britain will receive 85 per cent of the Empire’s share leaving 6 per cent, to be divided amongst the Dominions vther than Australia and Canada. NEW ZEALAND’S SHARE. MR. MASSEY INQUIRING. Received July 9, 12.10 a.m. London, July 18. Among the matters which Mr. Massey is going very fully into at present is the i question of New Zealand’s share of the ! German reparation, which he is discussing with the British Treasury.—Special to Press Association. CANADA’S PROPORTION. Ottawa, July 15. Official London cables state that Canada’s share of the German reparations will be 300,000,000 dollars.