Proposed Reduction of German Indemnity

Bay of Plenty Times, Volume XVII, Issue 7173, 6 June 1919, Page 3

Proposed Reduction of German Indemnity

I By Electric Telegraph- Copy i iirh Australian an ! N Z Cahla AnT.c ifocu June 0,945 am London, Juno 4 ■Tue C IUTi-i'.} of Four is unable to agrea upon financial modifications of the German treaty. Pre-ident Wilson is pressing for generosity towards Germany, w h-l* M Oiemcac-au is strongly resisting the app-?al Itis reported from Berlin that th« counter proposals of the Germans will propoco the creation of a w.,r!u sLnnp m^pool in which Garmicy will have an interest. It will be suggested that tue Allies and the United States b 1 aive.i 50 per cant of the stock in d the Garman shipping companies, Germany retaining the remaining 50 per cent

It will alsj he propose] to pool all ueean cables and that for the future all cables bo under the control of the Lsaguo of Rations An attempt is b~-iug mads in Government circles io Berlin to form a eommei-ci.il aliimcc wnh the Unite.] States with the cl.j set of allowing America t> t-iko control oi Jermauy ou^ behalf of/he Allies, onjoying Kpceiil trade privileges in recaru. The purpose U obviously trii.lluei:co Aai'3 ici-i action at th;> I\aee Congress

Paris June 4 The Couucii of Four is reconsider.ng certain phases of tho p^aee terms, in" eluding the reduction of the Gorman indemnity, the dissolution of the Allied fiooiicial coLutniasioi), aud a plebiscite m Gurman Silesia, in orJer to guarantoe a German coal supp'y from the Silesiau miues