REPARATIONS.
ATTITUDE OF GERMANY. MORATORIUM OBJECTED TO. By Telegraph.—Press Assn.—Copyright. London, Dec. 1. According to the Westminster Gazette London financial experts do not consider that a moratorium is the best solution of Germany’s reparations problem. They favor a long term loan, with interest at 4 per cent, free of tax and repayable in 42 years. It is possible Germany may arrange credits to pay the January instalment and also th of February if the French insist, though it is certain that payment would produce a further fall in the mark and a rapid decline in the value of the franc. it is considered the continuance of such reparation payments is sheer madness, not thinking primarily of Germany, but of the effect on Entente countries. The moratorium will only postpone the crisis and further depreciate German credit. A loan would give Germany grace which would help to re-establish equilibrium.— Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 3 December 1921, Page 5
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151REPARATIONS. Taranaki Daily News, 3 December 1921, Page 5
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