GERMAN REPARATIONS.

Taranaki Daily News, 7 December 1921, Page 5

GERMAN REPARATIONS.

COMMISSION OF INQUIRY. AS TO CREDITS FROM ABROAD. By Talegraph.—Press Assn.—Copyright. 4 Berlin, Dec. 3. The Imperial Chancellor has appoint* ed a commission, including the PresU dent of the Reichbank and other, leading bankers, commercial and industrial men, to examine into questions relating to obtaining credits abroad to enable Germany to meet her obligation to the Allies. CONDITIONS FOR MORATORIUM. Paris, Dec. 5. Gustave Herve, writing in La Victoire, suggests that the conditions on which Germany should be granted & moratorium should include one whereby. Britain and the United States should, undertake to lend France and Belgium the amount of cash due from Germany which those countries cannot do with-*' out. Other conditions should be, firstly, ( the cessation of paper money issues,) Entente representatives to be appomveu.; controllers of the Reiehbank; secondly Germany, within a year, is to vote new' taxation to balance the Budget; thirdly, the moratorium should concern caslt, payments, and should not affect the Wiesbaden agreement. MORE PAPER MARKS. LARGE NUMBER ISSUED.Received Dec. 6, 9.10 p.m. Berlin, Dec. v. Despite the Reparation Commission’ll warning the bank note presses last 4 week produced 4,750,00“ paper the total circulation of which nowji amounts to 110,000,000 marks. GERMANY’S BAD POSITION. DUE TO HER OWN FAULT. Received Dec. 6, 10.35 p.m. Paris, Dec. K M. Poincare, writing in the Matin, protests against the effect of German propaganda throughout the world in painting France as an imperialistic and warlike nation. He said: “After losing 1,400,000 of our finest children on the battlefield and seeing our soil ravaged by invasion we have not obtained new territories like the Allies, our only restitution being our lost province.” Referring to the proposed moratorium he said Germany’s financial troubles were due to reckless expenditure, ludicrously light taxation, and the shameless issue of paper money. Temporary relief would not be given Germany unless the Allies secure guarantees to control German expenditure.” IF GERMANY’ COLLAPSES. Received D«c. 7, 12.10 a.m. London, Dec. 6, Sir Robert Horne, speaking at Manchester, pointed out that Britain never included in her Budget any reparations xeceipts. Germany is now seeking delav in payment, and the Allies must settle the matter unitedly, realising that a collapsed Germany would be a misfortune for the world.