REPARATIONS.
PAPER MARKS USELESS. SOLUTION BY TRADE. MINISTER’S EXPERIENCESBy Telegraph.—Press Assn.—Copyright. Received August 16, 9 p.m. London, August 15. Sir A. Steel Maitland, who, with Sir Francis Bell and Sir James Allen, was representing New Zealand at Geneva, discusses in the Evening Standard the practicability of enforcing German reparations. He maintains that as a result of his experience as Minister of the Department of Overseas Trade, Germany can only pay for goods in paper marks, which are not acceptable, because they are not negotiable for gold, and this is impossible, because the reserves hardly equal one-hundredth part of Germany’s liabilities to the Allies. The only alternative is that in goods in which Germany competes with Britain in the overseas and neutral markets Germany must undercut and is undercutting Britain. The anti-dumping duties will prove unavailing, because if they are effective Germany will be unable to pay. Therefore it is inevitable that German reparations must be reduced quickly.—Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 17 August 1922, Page 5
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159REPARATIONS. Taranaki Daily News, 17 August 1922, Page 5
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