GERMANY

Evening Star, Issue 18137, 29 November 1922, Page 6

GERMANY

THE FINANCIAL PROBLEM. Frees Association—By Telegraph—Copyright. PARIS, November 28. (Received November 29, at 10 a.m.) The ‘ Petit Parisiou’s ’ Berlin correspondent says that Government circles hare abandoned tho idea of seeking an immediate foreign loan of twenty milliard gold marks ? and bavo decided to seek Half a milliard, together with a three or four years’ moratorium in order to stabilise tho finance and enable a larger loan to bo borrowed later.—A. and N.Z. Cable. INTERNATIONAL LOAN. A imHNGH PROPOSITION. LONDON, November 28, (Received November 29, at 11 a.m.) ■' An international loan, to be floated by the world's financiers, to be divided between Germany and France, is, according to the ‘Daily Mail’s’ Paris correspondent, France's latest reparations scheme. It also proposes a moratorium for Germany for five years. The French share (of the lodn will be in lieu of German payments, while tho Germans’ share will Ibe utilised to stabilise the mark and industry, 'and enable them to discharge their obligations. The scheme provides for the cancellation of nil the French debts to the Allies for the purchase of war stores. Franco agrees to cancel all the Allied debts W ner. The 1 Dally Mail ’ says that a high London financial authority considers tho scheme impracticable and impossible for Britain to carry out without bankruptcy. He points out that ‘if Genmamy was granted a moratorium she would not need a loan.—A. and N.Z. Cable.