GERMAN EVASION.

Taranaki Daily News, 5 December 1921, Page 5

GERMAN EVASION.

■ A MORATORIUM WANTED, FAILING A LOAN. ALLIES DEMAND PAYMENT. By Telegraph.—Press Assn.—Copyright. Received Dec. 4, 5.5 p.m. Paris. Dec. 3. The Petit Parisien states the German Government has decided formally to demand a moratorium. The demand will •be made immediately if an international loan, which Germany needs for the January payment, is refused. Should the loan be granted the demand will be made at the end of January. The Reparations Commission to-day sent the German Government a strong reminder of the necessity for finding the money for the January and February payments and urging Germany to make every possible effort to obtain the amount of foreign exchange, either from her own nationals, who notoriously have such foreign exchange at their disposal, or from foreign lenders. The commission is convinced that the German difficulties are financial rather tha,n economic. and in a great measure are due to the fact that the German Government failed to take timely steps to balance its budget. Consequently it was necessary to increase the note issue.

FRENCH OPPOSE CONCESSIONS. FAVORABLE AGREEMENT EXPECTED. Paris., Dec. 2. The Press generally opposes any reparation concession to Germany. The Petit Journal points out that the Reichstag has not even begun the consideration of Herr Worth’s new drastic taxation, outlined months ago, and considers Germany is merely again trying to escape her responsibilities by means of the creation of disunion among the Allies. The Petit Parisien admits that Britain is not actuated by the desire to grant concessions to Germany, and adds: “She is simply facing the problem of raising, the mark in order to avoid the ruin of British commerce.’ Berlin, Dec. 2. As Herr Rathenau made his re-ac-ceptance of the portfolio of Minister of Reconstruction conditional upon the success of the negotiations in London, a favorable agreement is confidently anticipated. MORATORIUM .OPPOSED. Paris, Dec. 1. Sir John Bradbury , permanent secretary to the British Treasury, interviewed, denied that he had ever advised a moratorium in connection with Germany’s payments. His personal opinion was that any delay would be disastrous, not only to the Entente, but to the entire world. Germany lias already been allowed ten days in order to see whether she could obtain foreign credits to meet the next reparations. No reply has yet been received.