SETTLEMENT OFFER.

Auckland Star, Volume LIV, Issue 73, 26 March 1923, Page 5

SETTLEMENT OFFER.

EXPECTED FROM GERMANY.

HOFE OF TRANCE,

PROPOSALS NEXT WEEK,

(By Cable.—rress Association.—Copyright.)

(Received 1.30 p.m.) PARIS, March 25. The "Matin's"' Berlin correspondent says that the Government is expected to make proposals to France respecting the [Ruhr after the Easter holidays.—(A. and N.Z. Cable.)

FIGHTING THE BLOCKADE. jHORE PAPER MONET ISSUED. GERMAN TRADERS SUFFER. LONDON, March 25. The Dusseldorf correspondent of the "Daily Telegraph" states that as the basis of a new scheme to fight the occupying authorities, the German Government has ordered the banknote presses to print more anil more paper for the purpose of industrial credits. It has offered the coal syndicate a further credit of 400,000,000' marks for the purpose of executing contracts and paving bills. The closure of the Ruhr has seriously embarrassed many large firms, notably the Siemens Company. Herr Hi.lske reported at a meeting of shareholders of the latter company that the Ruhr blockade had completely disorganised the economic life of the country. Hamburg particularly is suffering from the blockade. Many firms handling food and colonial rodv.ee have failed. Other centres outside the occupied territory report increasing unemployment and general dislocation of the labour market. The French seized 12G,000,000 marks of Rhine metal works' money intended for the workers, who retaliated by striking. (A. and N.Z, Cable.)

FRENCH PATROL FIRED ON,

(Received 10.30 a.m.. LONDON, March 25. Germans fired at a French infantry patrol guarding the railway near Yorhalle. The soldiers replied, and killed one.—(A. and N.Z. Cable.) PUNISHING ENGLAND. FOR TRADING WITH GERMANY. (Received 10.30 a.m.! LONDON, March 25. The Cologne correspondent of the •Daily Express" says that 100.000 tons of steel purchased by British shipbuilders are rusting on the quays of the Rhine because the French Customs refuse to release it despite urgent appeals.

The French authorities as prood as say that the refusal is punishment for trading with the Germans.— (A, and fs.Z. Cable.)

THE COLOGNE OUTRAGE. BERLIN, March 25. The assailant of Herr Smeets, who was fatally shot in Cologne, has been arrested. His name is Deutzmann.—(A. and N.Z. Cable.)