GERMAN REPARATIONS

Auckland Star, Volume LII, Issue 281, 25 November 1921, Page 5

GERMAN REPARATIONS

ENFORCEMENT OF PAYMENT.

MAY LEAD TO COLLAPSE.

SUGGESTED ALTERNATIVES. (By Cable.-Press .Association.—Copyright.) (Received 12.30 p.m.) LONDON, November 24. The report of the special committee of the Federation of British Industries on German Reparations, snys that there is growing opinion in Britain that any attempt to enforce the present reparations scheme will lead to the collapse of Germany, and declares that it is impossible to return to pre-war trade conditions until methods of liquidation of tho war debts of the natione are settled.

It suggests a transference of obligations between Governments into obligations between individuals by the creation of mortgages on German railways, shipping, and other industries. These securities would be handed over to the Allied Governments, who would dispose of them to individuals. He also suggests the utilisation of German energies uiider Allied experts restoring the railways of Central Europe and Russia, and constructing public works in the undeveloped regions of Africa, South America, and Asia.—(Reuter.)

COMPETITION WITS BRITAIN. LONDON, November 24. Sir Peter Kylands, addressing a meeting of the Federation of British Industries, admitted that Gerniany could only pay her reparation by means of exports that would compete with British goods. He suggested that Ilritain ought to control the. classes of goods acceptable, and force Germany, in conjunction with the Allies, to build railways, docks, and harbour works in undeveloped countries, under Allied control; also to build superpower electric stations in Britain at German expense.—(A. and NX Cable.)