GERMAN REVENUE.

Auckland Star, Volume LIII, Issue 173, 24 July 1922, Page 5

GERMAN REVENUE.

UNDER ALLIED CONTROL MORATORIUM PROPOSALS. (By Cable. —Press Association.—Copyright.) LONDON, July 23. The Foreign Affairs Committee of the Reichstag reluctantly recommends Germany's acceptance of the terms laid down by the Allied Committee of Guarantees providing for control of German revenue and expenditure and the prevention of the flight of capital as the condition of a moratorium. Germany regards a moratorium as an important step toward an international loan and revision of the Treaty of Versailles. The "Echo de Paris" states that M. Poincare has asked the Reparations Commission to make a declaration of Germany's voluntary default and claim fresh guarantees. M. Poincare suggests that the Commission grant Germany a moratorium o,f not more than five to six weeks. He recommends immediately mortgaging German public wealth, such as forests, mines, and customs. — (A. and N.Z. Cable.) ATTITUDE OF LABOUR. GENERAL STRIKE LIKELY. (Received 12.30 p.m.) NEW YORK, July 23. The Chicago "Tribune's" Berlin correspondent learns that the Bavarian Republic declines to accept the new national law for the protection of the Republican form of government. Fear of revolutionary uprisings when the rejection formally operates is expressed. The Labour and Socialist parties declare that they will meet rejection by a general strike, crippling railways and industries, and preventing the distribution of food and the importation of Ruhr coal. The Bavarian Republic is therefore concentrating an army within its frontiers to deal with the situation as it arises.—(A. and X.Z.) — 1 ?