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LAST NIGHT'S NEWS. PEACE CONGRESS.

INDEMNIT V QUEST [ON

° LONDON, April 3 (delayed). The lull House eagerly awaited #Mr Bonar Law's reply to the Indemnities debate. He said that two. things must he borne in niiud —the amount Germany can pay and tho anionnfc transferable to the Allies. it was impracticable to secure a largo sum by means of labour in the devastated area*. It was obviously proper that the Allies should .secure the shipping, which was of an ■estimated value of a hundred millions. Gold arid securities did not exist in Germany in great quantities, and the other method of payment was the •transference of goods. This meant a surplus of exports over imports, but the pre-war imports exceeded the exports, the Jatter amounting to only five hundred millions. Further, Britain did not desire to receive goods to compete Avith her own 'industries. Germany ■could pay largely in credits over a Jong period if the amounts were kept within liei- power to meet them.

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https://paperspast.natlib.govt.nz/newspapers/AG19190414.2.43.1

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXXIX, Issue 9586, 14 April 1919

Word Count
165

LAST NIGHT'S NEWS. PEACE CONGRESS. Ashburton Guardian, Volume XXXIX, Issue 9586, 14 April 1919

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