REPARATION PROBLEM.

Press, Volume LVIII, Issue 17610, 13 November 1922, Page 10

REPARATION PROBLEM.

NO SPEEDY SOLUTION. iL POINCABE ON TRANCE'S BIGHTS.

(By CVole—Pr«a Aesociation—CopyrifLt.) j /Australitn and N.Z, C*bl® Aaiociation.) BERLIN, November 10. The Reparation Commisison returned to Paris, whence it will" forward an answer to the German Not©. A speedy solution i 3 not anticipated, as tho bankera' conference is unlikely to meet before 1923. PARIS, November 10. In the Chamber of Deputies M. Poincare said France would do everything possible to obtain a general settlement of the reparations problem. While there was a possible hopo of succeeding, he did not contemplate isolated action, but if France did not get satisfaction nothing in the world tvould make her renounce her rights. France would rather act alone than not be paid. BERLIN, November 10. Germany's Note to the Reparations Commission 6ay3 that the Government accepts its responsibility towards the Guarantee Committee. The Note promises to take tho necessary measures for financial control. It may be necessary, it says, for an international consortium of bankers to co-operate with the Reichsbank in stabilising tho mark. The success of the whole plan depends on a moratorium, and in the payment of reparations moneys in kind. During the period of stabilising Germany will continue to work in the devastated regions of France. \ FRENCH AND BELGIAN EXCHANGES. CAtJSE OP THE SLUMP. (Received November 12th, 5.5 p.m.) LONDON, November 11. The usatisfactory condition of the French and Belgian exchanges is generally regarded as dije primarily to tho Unfavourable position in which Germany," by her virtual default in the payment of reparation, has placed the finances of these countries. Both France and Belgium have looking forward to large German payments in cash and kind to repay the cost of reconstructing the devastated areas. This work has been pushed on, and large sums have been borrowed for this purpose. In the present position of Germany's finances there is little hope of any cash payments in 1923. France is making Vigorous attempts to stop the downward movement of the' franc, but, unfortunately, the slump has come at a-time when France is compelled to make heavy purchases of foreign currencies to pay for wheat imports...' ' THE FBANO AND THE MARK " ■ (Received November 12tih, 5.5 p.m<) LONDON, November 11. The exchange on Paris is 69.50 francs to the £, and on Berlin 36,000 marks to the £ sterling.