MONEY FOR GERMANY.

Taranaki Daily News, 21 December 1922, Page 5

MONEY FOR GERMANY.

SEARCH IN AMERICA. FIRST ATTEMPT FAILS. PUBLIC NOT FAVORABLE. By Telegraph.—Press Assn.—Copyright. New York, Dec. 18. Mr’. Morgan, in a statement, said: “The German Ambassi lor, Herr Wiedenfeld, has called to make inquiry regarding the possibility of our undertaking to assist in the flotation of a large so-called international loan to Germany. He was informed that we greatly desired to be of service to the general situation, nevertheless matters had reached such a point that it was impossible for us to discuss or to consider a loan to Germany unless and until the reparations question was settled.” Received Dec. 21, 12.5 a.m. New York, Dec. 19. Mr. Lamont, Mr. Morgan’s partner, supplementing the latter’s statement, said the reason the Morgan company refused to attempt to float a large German loan in the United Stares is not because the company is unwilling, but because they know the American people would not buy German bonds to enable that country to pay off reparations with American money.

He added that the American people might, after the reparation questions are settled and the deflation of currency accomplished, consider the purchase of German bonds for a small loan sufficient to help Germany over her bilk Mr Lamont stressed that American investors are confident about France, and expressed the opinion that they would gladly lend her money on a large scale. —Aus.-N.Z. Cable Assn. AN INTERNATIONAL COMMISSION. SUGGESTION BY AMERICA. New York, Dec. 18. The Washington correspondent of the New York Sun says the United States Government suggested informally to M. Poincare the establishment of an international commission, composed of the greatest financiers in the world, to mediate on the question of German reparations and to determine the German ability to pay. The German Government has been sounded regarding the proposal, to which the Ambassador to Washington, it is understood, has assented, with the proviso that the United States shall assure fair and just treatment to Germany. France has not yet given an assurance of her participation. Apparently she is awaiting ?. guarantee of immediate benefit therefrom, particularly that priority in restoration be given to the French rather than to the Germans. Private banks in the United States will probably be called on for a German loan estimated at 1500 to 2000 million dollars.