REPARATIONS TO FRANCE.

Auckland Star, Volume LIII, Issue 155, 3 July 1922, Page 5

REPARATIONS TO FRANCE.

REDUCTION REJECTED. A SEAF AT BRITAIN. {Received 11.30 a.m.) PARIS, July 2. M. Poincare, addressing the Republican Committee, said: "We do not want our credit from Germany subjected to any further amputations. Certain countries think this is excessive, but if France succumbs under the burden of restoration reorganisation, Europe will not be any easier. France only asks that she shall not be broken under the weight of an unjust debt."—(A. tVd N_Z. Cable.)) NOT REALLY POOR. BUYING BACK LOST SHIPS. PARIS, June 30. In the Senate M. Poincare, Premier, dealing with the reparations, declared that Germany's apparent poverty was simply a pretence. Germany was spending on her commercial fleet twelve milliards of marks that ought to go to the Allies. ■ She was buying back vessels surrendered to Britain and building many new ones. The German mercantile fleet was now the third commercial fleet in the world. Germany was carrying out considerable works for the improvement and extension of the railways. The Allies must insist on the application of real exportation taxes, and the money the Germans made abroad must be made available for reparations, and severe control of Germany's finances must be established. If Germany refused to accept such control the Allies would be able to take measures collectively or separately.— (Reuter.)