MAKING GERMANY PAY.

Auckland Star, Volume LIII, Issue 72, 25 March 1922, Page 7

MAKING GERMANY PAY.

STAGE-MANAGED UPROAR. BANKING CO.'S PROFITS. (By Cable.—Press Association.—Copyright.) LONDON, March 24. A dispatch from Berlin states that the Separation Commission's Xotc has created the deepest impression in Germany. The conditions proposed arc. com* pletely unacceptable, and political leaders fear that the question will lead to political chaos. It is declared that if the Allies desire the closest union bet>A - een a German Communist Government and Bolshevik Prussia, no other plan than that proposed need be proffered. The Berlin correspondent of the "Daily Telegraph states that the uproar over the Reparation Commission's Xotc need not lie taken A-cry seriously. It is largely stage thunder, which would have rumbled just us loudly if the conwnission had proposed the complete cancellation of Germany's debt. Another large proportion of the noise is due to party tactics in order to prove that Republican Governments are essentially bad and weak. Among factors which will exercise a calming effect will be the annual report of the Berliner Handels-Gescllschait (Berlin Commercial Banking Company), the first of Berlin's big banks Avhose last year's balance-sheet slioavs a net profit of (i-2,000,000 marks. After placing 40,000,000 marks to reserve the bank is paying a dividend of lti per cent.— (A. and X.Z. Cable.) COMPULSORY LOAN OFT. 'Uecelved 11 a.m.) BERLIN, March 24. Tiie Government has abandoned the compulsory loan proposal in consequence of the Reparations Note. Ministerial circles regard the whole taxation piogratnmc as useless.— (A. and X.Z. Cable.)