ALTERNATIVE TO PARIS PROPOSALS

Bay of Plenty Times, Volume 49, Issue 7634, 2 March 1921, Page 3

ALTERNATIVE TO PARIS PROPOSALS

GERMANS DECLARE CANNOT BE ACCEPi ED By ToleLMaoh—fress Association—CopyrighJ \UBtrahhn N* Z. C*bl© AB&ociaUon. Rec March 2, 8.55 a m London, March 1 Dr. Simons, German Foreign Minister, stated that Germany was not in a position to accept the Paris proposals, which were based on too transient a conception of German industry. Fifty' milliard gold marks was all that Germany was able to pay. Germany estimated that she had already paid twenty milliards, and suggested that the remaining thirty should be pro : vided, by an international loan of eight milliards, the remaining twenty-two to be capitalised, Germany paying interest and sinking fund. Mr Lloyd George- iut imated that the Allies could not discuss any alternative to the Paris proposals.

SURPRISE FOR GERMAN FOREIGN MINISTER Rec March 1,85 p.m

London; March 1

Dr. Simons, the German Foreign Minister says he is surprised to hear of to-day’s engagements. He says he wanted to get to bed early, but will be obliged to work most of the night in order to have a statement ready. He thought he had until Wednesday GERMANY’S DIFFICULTY Rec March 2, 9.20 a m London, March 1 At the Conference Mr Lloyd George invited Dr. Sinons to speak. The latter said he was unable to accept the Paris proposals L. their present form. One fundamental difficulty was raising industry effectively to the maximum in order to pay amount, while on the other hand preventing German competition being a danger, to other nations. The German Government, taking the Paris proposals as a starting point, had arrived at a very different conclusion. Paris imposed annuities of six milliards, and this must he paid by surplus ex ports. Experts agreed in order to pay he annuities German exports would repuire to be four times greater than the annuities. This ratio was chiefly due to the necessity of importing raw material apd food.