REPARATION TANGLE.

Press, Volume LVIII, Issue 17607, 9 November 1922, Page 9

REPARATION TANGLE.

DELIVERIES OF COAL. GERMANY'S IMPOSSIBLE TASK. (By C*M«—P»w A*oci»t»n—CopjTisht.i (Australian H.Z. Cable Aaaociation.) (Received November Btb, 8.50 p-m.) BERLIN, November 7. Dr. Hermes, Minister of Finance, conferring with the Reparation Commission, contended that coal was part and parcel of tho reparations problem. Between July and September, Germany had to send to the Allies 4,500,000 tons of coal, for which she received only one-third to one-half of tho market price. During the same period Germany had had to import 7,000,000 tons ot coal at a cost of 150,000,000 gold marks. Five million tons camo from countries where the exchange was against Germany. Further importations from Britain, and further supplies to France and Belgium, were impossible. The Party leaders conferred with Cabinet regarding the proposals for stabilising tho mark, which they wilf submit to the Reparation Commissior to-morrow. DEMORALISED EXCHANGES. MASK AND FRANCS STILL SLUMPING. (By Cabl»—Press Association —Copyright.) (Australian and N.*«. C»bl® Association.) (Received November Bth, 850 p.m.) LONDON, November 7. The foreign exchanges are demoralised owing to the reparations difficulties combined with the disturbing Turkish news. Marks sold heavily, touching 89,000 to the £, and closed at 35,600 to the £. The French frano closed at 69.15 to the £, and the Belgian frano at 75.35 to the £,