REPARATION.

Press, Volume LVII, Issue 17295, 5 November 1921, Page 9

REPARATION.

THE FALL IN THE MARK. APPEEHENSION IN FEANCE. (By Cable—Press Association—Copyright.) I"THa Tims*.") PARIS, November 2. Political circles are gravely preoccupied over the collapse of the mark. They believe that Germany is shamming sick and rushing to apparent bankruptcy, in the hope of evading payment of the second milliard of gold marks due at the end of the year. Tho view is authoritatively expressed that the Allies should, in the event of an appli cation for a postponement of the payment, establish in Berlin a Commission on the German debt, to take over tho Customs and control the State monopolies. The Frendh attach importance to the discussion of the possibilities of this proposal, believing it will induce Germany to set her house in order. NEW GEEMAN PEOPOSAL. (Received November 4th, 9.10 p.m.) WASHINGTON, November 3. The Sccretaiy of State, Mr C. E. Hushes, says the German Minister of Finance submitted a new proposal concerning the payment of reparations to Mr A. W. Melton, Secretary of the Treasury, and Mr H. C. Hoover, Secretary of Commerce. The State Department afterwards conferred with the Federal Reserve Bank officials. The State Department is withholding details, but it is understood that the- plan would strengthen the German mark and satisfy the Allies.