NEW GERMAN NOTE

Dominion, Volume 16, Issue 224, 9 June 1923, Page 7

NEW GERMAN NOTE

PUBLICATION OF THE TEXT AMERICAN OFFICIAL CIRCLES OPTIMISTIC COMMENTS OF THE LONDON PRESS The new German Note, the text of which has been Issued, again acknowledges Germany’s liability for reparations, and reiterates her willingness to accept the decision of an impartial international tribunal. 1 There is optimism in official circles in Washington over the proposals, and the German suggestion that a conference should be called to determine Germany’s ability to pay.is favoured. ■T TBMGIAPH—AJSOCTATISX. —CoRYBWBT.

London, June 7.

The text of the new German Note , has been issued. It first requests a conference to discuss the best method of paying the reparations, Germany’s

liability for reparations being again

acknowledged. The Note (reiterates ' Germany’s willingness to accept the decision of an impartial international tribunal, to which it is willing to supply all the available information from which Germany’s capacity to pay can be reliably judged. ... The Note proposes the following guarantees as part of a definite reparation settlement:— (1) Th© railway system to be held m r * separate fund, and obligations to be issued up to' 10,000 million .. gold marks carrying interest at 6 per cent, from July 1, 1927. thus securing an annual payment of 500 million gold

marks. - ■ (2) A first mortgage for 10,000 million gold marks on industrial real esfate. (3) Two hundred million gold marks to be raised from Customs duties on imported articles of consumption other than necessaries,' excise °n tobacco, wino. beer, and sugar, and receipts from the spirits monopoly. ’Bns yield will automatically^inertjse. —Aus.-N .Z. Cable Assn. .

OPTIMISM AT f "' WASHINGTON

* SUGGESTED CONFERENCE , FAVOURED (Rec. June 8, 5.5 p;m.) Washington,/June 7. There is considerable optimism in official circles here over tho latest German reparations proposals, a copy of ' which the German Ambassador handed to Mr. Hughes to-day. It is felt that the Allies and Germany v are. gradually approaching a condition where a meeting of minds and minds will occur. Sentiment also favours the German suggestion that a conference should be called to determine Germany’s ability to pay. Itjs hoped, if such a conference occurs, it will also be possible to consider general economic problems, fix guarantees, and reach a conclusive settlement of the entire situation, which is considered to be the cause of the European economic chaos. —-Aus.-N.Z. Cable Assn. TIME OPPORTUNE FOR ALLIED ■ UNDERSTANDING -■ BEFORE REPLYING TO GERMANY Paris, June 7. The “Petit Parisien” says the principal subject considered at, the Brussels Conference was whether the time Was opportune for reaching an understanding with Britain and Italy before replying to Germany. The “Journal” states that a full in-ter-Allied Conference will be held' shortly at Ostend, at-Belgium’s in-vitation.—Aus.-N.Z. Cable Assn. ENGLISH PRESS OPINION ' “NEW CONFERENCE ’ NEEDED” (Rec. June 8, 9.45 p.m.) London, Juno 8. The “Morning Post” says the German offer is a great improvement on, its predecessor. “We regard the Note as a possible basis for discussion by the whole of the Allies. Such a reunion is highly desirable, indeed a necessity.” The “Daily Chronicle” says: “The offer conforms to British requirements. What is needed is a new conference between the Allies and Germany.” The “Daily Express” declares.: "The crux of the business is still the total amount to bs paid. There is no advance on the offer, of fifteen hundred millions, which is inadequate.” The “Westminster Gazette” says that piecemeal payment will not satisfy .the Allies. Aus.-N.Z. Cable Assn.

[ACTION BY BRITAIN . FORESHADOWED? / (Rec. June 8, 7.30 p.m.> London, June 7. The Prime Minister, M. Baldwin, in reply to a question, said he had not been in communication with tho French, Belgian, Italian, German, or American Government with a view to discussing reparations or the Ruhr situation. He realised that the mark was now lower than the Austrian krone was when the League of Nations took over control of Austrian finances. Commander Kenworthy asked: “Are we to understand the Government is quiescent'and doing nothing?” Mr. Baldwin: No. The member will see soon-—Aus.-N.Z. Cable Assn. BRITISH ATTITUDE TOWARDS GERMANY MAY BECOME LESS CONCILIATORY (Rec. June 8, 5.5 p.m.) London, June 8. The ‘‘Daily Express” understands it is not improbable the British attitude towards Germany will become less conciliatory if the passive resistance in the Ruhr, continues, particularly since Germany has repeatedly disregarded the friendly advice of this country iitthe course of the negotiations.—Aus.N.Z. Cable Assn- - K JAPAN’S SYMPATHETIC ANSWER (Rec. June 8, 9.45 p.m.) Berlin, June 7. Herr Rosenberg; addressing newspaper , representatives, said the sympathetic answer to the last Note came from Japan, whence it was least pectedAs Germany is in such a piteous condition. that she could not afford telegraphic fees to Tokio, the Japanese Embassy sent the new Note at its own expense.—Aus.-N.Z. Cable Assn.

MINES OCCUPIED BY THE FRENCH PENDING PAYMENT OF COAL TAX T , r UK Bflrlin - ?• the French have occupied the Hermann Shutt© mines, Newied, belonging to Krupps. The occupation will continue until the coal tax of 20,000 milA*® l * marks due from Krupps is’paid, railing payment in a specified time the m ’nL S be sold at auction The Reichsbank announces that between March 1 and May 31, the io7 n o c oo d -u elK,an9lr J the Ruhr seized 127.386 million marks. — Aus.-N Z Cable Assn. LEIPZIG UNEMPLOYED RAID SHOPS POLICE FIRE ON MOB A, number of Leipzig unemployed, excited by their leaders’ fierce speeches, marched to the heart of the city, plundering shops, breaking windows. and attacking the police with rubber-covered clubs. The mob later tried to storm the police headquarters, but the police opened fire and eventually drove off the attackers who lost five killed. Twenty-five members of the mob were w’ounded. many severe-ly.—Aus.-N.Z. Cable Assn. (Rec. June 8, 7.30 p.m.) Berlin, June 7. Later reports regarding the unemployed riots m Leipzig state that 37 were seriously, and 60 slightly, wound-ed.—Aus.-N.Z. Cable Assn.