GERMANY'S OFFER.

Taranaki Daily News, 29 December 1922, Page 5

GERMANY'S OFFER.

LOANS TO BE RAISED. DEBT MUST BE FIXED. PAYING TWO NATIONS. By Telegraph.—Press Assn.—Copyright. Received Dec. 28, 7.25 p.m. Berlin, Dec. 27. Cabinet proposes to inform the Allies that if Germany’s responsibilities are definitely fixed industrialists and merchants will guarantee a loan carrying a moratorium over a number of yeais. Foreign loans will also be raised and devoted to the payment of reparations to France and Belgium.—Aus.-N.Z. Cable Association. ATTITUDE OF ITALY. PREMIER NOT GOING TO PARIS. Received Dec. 28. 7.25 p.m. Rome. Dec. 27. Government papers state that Signor Mussolini will not go to Paris owing to the failure of the Allies to agree cn a decisive programme. Signor Mussolini holds that reparations can only be reduced if the Allies cancel the debts of one another. Since the London conference Britain has modified her view of the terms on which the debts might be cancelled to such an extent that the whole scheme seems to be shipwrecked, and, therefore, Signor Mussolini considers a discussion of the moratorium proposal is a waste of time. Received Dec, 28, 7.25 p.m. London, Dec. 27. The Daily Telegraph’s Rome conre-i-pondent is of opinion that Signor Mussolini’s de2isicn not to attend may be designed to obtain Britain’s positive promise to cancel her claims on Italy. FRANCE MAY ACT ALONE. IF ALLIES REJECT HER PLAN. Received Dec. 28. 7.25 p.m Paris, Dec. 27. The Reparations Commission’s lack of unanimity in a declaration respecting Germany’s default is regarded as a bad omen. In regard to the Paris conference, it is stated that if the Allies refuse to endorse the French proposals France will act alone. It is thought by some that M. Poincare is rapidly heading for a position similar to M. Briand’s when the Cannes conference opened. It is considered he is tiring of the struggle and will retire in the event of failure, if pressed.