REPARATIONS

Dominion, Volume 16, Issue 34, 3 November 1922, Page 7

REPARATIONS

NEGOTIATIONS IN BERLIN PROBABLE DEFICIT IN CURRENT BUDGET BY TBLBGBAPH.—PRESS ASSOCIATION. —COPYEIGHT. (Rec. November 2, 7.45 p.m.) Berlin, November 1. The Government and the Reparations Commission have decided to issue joint communiques relating to tho negotiations. M. Barthou, in the first, says the Commission had not intended violating Germany’s sovereignty, but had to seek precise details of German finances. Herr Shroedor, replying to the Commissioners, declared that the deficit in the current budget would probably total 440 milliard marks, due solely to the reparation demands. —Aus.-N.Z. Cable Assn. FANTASTIC BOOM ON BERLIN " BOURSE EFFORTS TO STABILISE MARK DISCOUNTED (Rec. November 2, 11.20 p.m.) London, November 1. The “Daily Express’s” Berlin correspondent states that November 1 was christened “Millions Day” on the Berlin Bourse. Shares rose by thousands per cent. Stocks in the Sltinnes Company increased more than a hundred times their normal value. The thus discounted the possible effects of the negotiations with the Reparations Commission for stabilising the mark._ The “Daily Telegraph’s” Berlin correspondent says the fantastic boom in securities is variously ascribed to foreign orders, and the restriction in speculation, on Exchange liberating hoards which otherwise would have been used to buy foreign currencies. It is also suggested that large quantities of marks held abroad are being invested in the hope of getting at. anyrate some small return. It is stated on the Bourse that tho German 3 per cent, loan is entirely held in London. — Aus.-N.Z. Cable Assn