RUHR SETTLEMENT

Greymouth Evening Star, 13 September 1923, Page 5

RUHR SETTLEMENT

HUGE FOREIGN LOAN. (Australian and N.Z. Cable Association.) NEAV YORK, September I'l. The “New York Times’s” financial editor states that he learns from banking circles in France and Germany that to settle the Ruhr difficulty, a group of international bankers including the principal establishments of the United States, England and Europe, will negotiate a £200,000,■ < loan for Germany, to be supervised by the League of Nations, and to be guaranteed by the member nations of the League. It is understood that probably £60,000.000 of this loan would be floated’ in England; and £50.000,000 in the United States, and that under the provisions of the loan, the respective lending countries would supply the raw materials, manufactures etc., needed by Germany to reestablish her own indsutry, and thus aid in the re-establishment of normal conditions in world trade.

NEGOTIATIONS PROCEED]NG. BERLIN, September 11. Informal discussions are proceeding between Berlin and Paris to ascertain the prospects of definite negotiations for a visit of the French Ambassador to the Chancellor. RIOTS AT DRESDEN. BERLIN, September 11. Six rioters were killed and ten wounded in a collision between the police and unemployed outside Dresden Town Hall.