FRESH HOPES.

Auckland Star, Volume LXII, Issue 166, 16 July 1931, Page 7

FRESH HOPES.

GERMANY'S CRISIS.

British Intervention at Paris

And Berlin,

; POLITICAL CONVERSATIONS. (British Official Wireless.) {Hl2 noon.) RUGBY, July 15. Fresh hopes have been raised by the prospect of intervention in Paris and "Berlin of the British Foreign Secretary, Mr. Arthur Henderson. Mr. Henderson spent a busy morning at the French Colonial Exhibition before meeting the French Ministers. A communique issued this afternoon states that M. Briand, French Foreign Secretary, to-day save a luncheon to Mr. Henderson at which there were present M. Laval (Premier) and MM. Flandin, Estri, Francois and Poncet, members of the Cabinet, and'otucials ox tne Foreign Ministry. After luncheon a conversation took place, during which ail the outstanding | problems passed in review, and in particular the German crisis. The eonver-, sations were conducted in the most cordial atmosphere. They will be continued eariy to-morrow morning. ! It is not at present known when Mr. Henderson will meet Mr. H. L. Stimson, American Secretary ot State, wno arrived at Paris to-day irom Rome. The arrangements for the conference of financial experts in London to consider the matters arising out of the Young Plan in connection with the debt holiday are proceeding. The conference will meet at the Treasury on Friday | morning. It is stated in Berlin that the arrival of the British Prime Minister and Foreien Secretary on Friday is awaited with the keenest expectation. There has been some alleviation or the situation in Germany as a result of the decision of the board 01 the Bank for International Settlements to _ extend rediscount credit of many millions 01 pounds to the Eeichsbank, and also by reason of the measures taken by the German Government to allay restiveness.

Reports from Berlin state that outwardly titere was little excitement yesterday. The authorities are taking steps to deal with, the banking situation.

BRITISH COMMENT,

EACE TO AVEET DISASTEE. (British Official Wireless.) (Received 12 noon.) RUGBY, July 15. "The Times*"' states: "If France and Germany could once and for all regard the embarrassment of either as an opportunity for giving some help rather than for taking advantage, the gain to both of them and to others would obviously be immense." The ''Morning Post 1 '" says the race to avert disaster in Germany, which would have widespread repercussions, is a race against time. The main obstacle has been the adamant refusal of the German Government to agree to the stipulations of France. There can be no loan or other concerted measures without Franco-German understanding.

The "Manchester Guardian" is severely critical of France, whose terms it says, "Are not financial considerations dictated by prudence but political advantages prompted by selfishness."

The "Daily Herald*" reports that the German Government is prepared to make a concession to France by slowing down the work on her two pocket battleships under construction, but complete abandonment will be insisted on by France.

The "Daily Telegraph" says that Mr, Arthur Henderson's visits may prepare the way for co-operation by the Governments, where the unsupported operation of the central banks may not suffice.