TIRED OF THE GAME

Evening Post, Volume CIV, Issue 50, 28 August 1922, Page 7

TIRED OF THE GAME

FOREIGNER WITH'THE PAPER.

. . LONDON, 25th August. 'VUtnt. Samuel Montagu and Co.'s weekly review of the market says: "11, it quite drlicuh- to find » satisfactory explanation for a fall of 70 per cent: in the mark one morning and of 195 per cent, in one month. The reparations are not bring paid,, and payment under the cleaving-house schema i» not being effected. Apart from these obligations, which are not being fulfilled, Germany has no foreign debt for which interest and sinking fond charges matt \m provided in foreign currency. Germany re- ' quires her exports to be paid Jor in foreign currencies, and the mark bal-

'ance* standing to the credit of foreign importers have lott their value and ' utility as a. medium of exchange. Germany ~i» praising the sale of more marks, but' fomgrt importer*, who should be the legitimate buyers, find no use for marks, consequently they have sunk to the level of mere counters for speculators-/ as Germany will not take back her note* in exchange for goods. Tho commercial -world has had enongh of them. Marks are useless for the exchange of goods except in the interior of Germany; they are discredited outside Genidahy;. they will not buy German goods. Germany has scored all the way. She ha* exported milliards upon milliards of paper money in exchange for huge amounts of raw materials and foreign currencies. .■ The foreigners has the paper, and at last he is tired of trie game."