FACE CREDITORS.

Auckland Star, Volume LXIV, Issue 114, 17 May 1933, Page 7

FACE CREDITORS.

REICHSBANK DESIRE. Transfer of Funds for Debt Services Difficult. REQUEST TO BANK OF ENGLAND (United I*.A.—Electric Telegraph—Copyright) i (Received 12 noon.) LONDON, May 16. The Reichsbank has cabled the Bank of England, regretting that the German exchange position is so unfavourable that it seriously affects the further transfer of funds for debt service, necessitating direct discussion with creditors, and requesting the bank to invite the English bank committees, issuing houses and trustees of German issues to send representatives to a meeting in Berlin on May 26. It is learned in the city that tlie German Government has decided to ignore the gold clause in the American issue of the Dawes Loan, besides the Young Loan as previously announced. The slump in German bonds on the London Stock Exchange continued today. A message from Berlin says it is expected that at tlie forthcoming meeting of Germany's "standstill" creditors the Reichsbank will ask for a transfer of the moratorium.

CANADIAN NAZIS. Strong Branch Established in Winnipeg. ■ PLEDGED AGAINST JEWS. (Received 12 noon.) WINNIPEG, May 10. An investigation, into the wrecking of a Jewish cemetery here reveals tlie presence of a Nazi organisation, comprising (500 members pledged to exclude. Jews from public positions. TREATY PROLONGED. Further Amicable Relations Fostered. GERMANY AND RUSSIA. BERLIN, May 11. The Treaty of Berlin between Germany and Soviet Russia has been prolonged. Official communiques announcing that documentary ratification of the protocol of June 24, 1031, were exchanged in Moscow between the Geiman Ambassador, Herr von Dirksen, and the Foreign Commissary, M. LitvinofT. Authoritative comment on the prolongation of the Berlin treaty with Soviet Russia is afforded by the Chancellor s organ, "Voclkisclier Beobachter." Ever since Herr Hitler seized power, it says, there lias been no doubt as to Germany's policy towards Russia. 11l the Reichstag on March 23, the Chancellor said it was to foster amicable relations with Soviet Russia, from which both partners would derive profit. To be on friendly terms with Russia had been made one of the essential points of Herr Hitler's foreign political programme. As in Italy and Turkey, the newspaper adds, events will prove that Germany's amicable relations with the Soviet Union need not necessarily be at variance with developments at home. The Nazi journal "Angriff" says that the political relations between the two Governments will never be affected by the fact that Germany wages war on Communism. "This is a purely internal German affair, with which we will not allow anybody to interfere, just as we do not wish "to meddle in the internal affairs of Soviet Russia. There is complete accord between both Governments on this fundamental issue." It adds that Russia must and will play the role duo to her in world economics and the future reshaping of Europe. SEEDS OF WAR. AS A GERMAN SEES GERMANY. (By Telegraph.—Press Association.) WELLINGTON, Tuesday. After 40 yekrs of service in the Salvation Army, including 11 years in Central Europe, Commissioner Bruno Friedrich, who is German-born, has just retired from the Salvation Army and is proceeding to San Francisco, en route to Canada, where lie will reside. He left Germany last December.

"Elements of war are present in every country in Europe without exception," said Commissioner Friedrich to-day. "Those seeds of war may come to very little, but they are ever-present, and it will require the most tactful diplomacy to avoid war. At tho same time, I must say that neither the German people nor any other people of Central Europe want it."

Commissioner Friedrich said he thought "the menace of Hitlerism" was to some extent exaggerated. Most of Hitler's utterances on international affairs were merely gestures. What Hitler said, in effect, was: "Germany is a nation of 04,000,000 people. You cannot always keep it down. If you do not reduce your armaments, then neither will we reduce ours. If you will not come down to our status, we must come up to yours. We are surrounded by a ring of enemies, who can invade us within a few days. We must have the right to defend curselves and sufficient men to make that right effective."

Tho persecution of Jews was the work of an extreme section of his following, which Hitler could not control, said Commissioner Friedrich. It constituted a menace to Hitlerism itself. No one could say that Hitler did not lead a moral life. He was a temperate man, a vegetarian and did not smoke. He had accomplished one wonderful thing in uniting in 10 weeks 24 States, an aim which others had been trying to realise for the past 10 years. One of the results of central authority was the teaching of English in all schools as the first of tho secondary languages after German.