IN GERMANY.

Press, Volume LI, Issue 15453, 4 December 1915, Page 11

IN GERMANY.

THE EXCHANGE RATE. THE NEW WAR LOAN. and "Sydney Sun" Scrvicw.l (Received December 2nd. 5.5 p.m.) LONDON, December 2. The New York correspondent of "The Times'' says that bankers attribute the depreciation of the German mark to an excess of German imports. The correspondent also reports that Germany is preparing to float a new War Loan of £500,000,000. It is pointed out *that Germany is now working practically ou a paper basis.

GERMAN TRADE. COMPANIES HARD HIT. (Received December 2nd, 5.40 p.m.) LONDON, December 3. Tho ''Berliner Tageblatt," in an interesting survey of the position of German limited companies reveals that many factories turning out macliincry have not paid dividends. Thrco electricity and gas companies have paid reduced dividends. Shipping companies and hotels havo made no profits, tho cement dnd alkali factories are losing heavily, and tho textile industry js hard hit. AMSTERDAM. November 2^ A debate in the Bavarian Landtag upon the economic situation indicated that Germany hopes to monopolise trado in tho Near East. AUSTRO-GERMAN DISSENSION. KAISER RESTORES HARMONY. ("Times" and "Sydney Sun" Services.) (Received December 3rd. 5.5 p.m.) LONDON, December 2. The Rome correspondent of tho "Echo do Paris" says that sensationalists as> sort that the Kaiser's visit to the Emperor Francis Joseph was to bittei Austro-Gcrman dissension on the que* tion of Poland arousing conflicts anc complications similar to those which led to tho war of 1866. Zurich reports state that harmony has been restored. The Kaiser's visit will probably be followed by a theatrical display in a German entry into Con- | stantinoplo. PEACE TERMS. (By Cable.—Press Association.—Copyright.) ■ LONDON, December 2. It appears, according to a special correspondent of tho "Daily Telegraph," that trouble awaits tho Reichstag, and is rapidly crystallising. The Social Democratic Party lias given notice of tho following interpellation: —"Will tho Imperial Chancellor make a statement as to the conditions under which Germany will bo inclined to enter upon pcaco Negotiations?" The correspondent adds: "This is no mere formality. Tho Social Democrats aro very determined, and the move is being impelled because of tho suffering of tho industrial classes owing to the shortago of food." l"Times" and "Sydney Sun" Services.) LONDON, December 2. Tho "Lokal Anzeiger" declares that Germany is always ready to discuss peaco terms, but tho Allies prefer to redouble their efforts. The Reichstag is not impressed with such utterances "bv General Falkcnhayn's mouthpieces. The Reichstag appears to bo not rebellious but critical. (Received December. 3rd, 11.40 p.m.) COPENHAGEN, December 3. The "Vossischo Zeitung" says:—■ "Everybody in Germany desires peaco, and the Chancellor will surely not miss the opportunity of giving an assurance I oh tho question."