POINCARE’S POLICY

Greymouth Evening Star, 8 November 1923, Page 5

POINCARE’S POLICY

AMERICA SEEKS INFORMATION A DESIRE TO HELP. Australian and N.Z. Cable Association) NEW YORK, November 6. The “New York Times” Washington correspondent says “The reparations situation still hangs fire. Al. Jusserand (French Minitser to' U.S.A.) was asked to have Al. Poincare clear up the exact meaning of certain passages of the French Note to the United States of America, and more carefully to indicate his limitation of the scope of the experts committee. A report from Paris states Al. Poincare has already despatched a reply, explaining the obscurities, but insisting on linking the reparations with the French debt, the evacuation of the Ruhr, etc. President Coolidge conferred with Al. Jusserand, and informed him that until Al. Poincare’s reply was received, no definite announcement can be made concerning the American attitude, but every concession compatible with the success of the experts’ efforts will be made by the United States. The State Department considers the situation in Germany so grave that the reparations are being made to extend voluntary aid to the German people in the coming winter, such as was extended to the Russians.

THE BRITISH REPLY.

LONDON, November 7. The “Morning Post” understands that the British reply to Al. Poincare is prepared, and will probably be despatched to Paris to-day. ALLIES’ SUPERVISION. PARIS, November 7. A message from Berlin says that a pursuance of the previous decision, the Ambassadors’ Conference handed a Note categorically demanding the immediate resumption' of military supervision by the Inter-Ailed Alission, the officers of which shall execute duties in uniform, and their operations extend throughout the country, including Bavaria. The Note specifies the coercive measures to be employed by al! Allies unless the demands are immediately complied with. BERLIN SHOPS LOOTED. BERLIN, November 7. One thousand shops were looted and badly damaged yesterday. The stolen goods include fifteen thousand pairs of boots. The arrests number 129. The city is now quiet. A COMING COUP? LONDON, November 6. The “Daily Chronicle’s” Paris correspondent says: Attention has now been diverted from the Reparations inquiry to the events in Germany. Alany here regard the military preparations in Berlin an<T Bavaria as camouflage, preliminary to a coup d’etat, aimed at placing the whole of Germany under the dictatorship of General Ludendorff, who will then prepare for revanche. RALLY TO REPUBLIC. LONDON, November 7. The “Daily Chronicle’s” Berlin correspondent says : The first response to President Ebert’s proclamation came from the leaders of the Democratic, Centre and Social Democratic parties, who conferred with Chancellor Stresemann upon the advisability en’ enrolling youthful uphole-ers ,of the Republic for voluntary . service. Eventually, he decided against the scheme, Stresemann expressing complete confidence in Reichswehr’s loyalty to the public. Nevertheless, the Democratic party issued an appeal stating: Conspirators are threatening the internal peace and maintenance of constitutional conditions of Germany. The Republicans and Democrats would see to is that such attacks were broken. H the Government finds it necessary to strengthen the army or police for the protection of the Republic, all Democrats trained to arms are expected to answer the call. The Social Democrats also broadcasted an appeal deqlaffing: Those who have not recognised that conspirators are determined to fight are hiding their- heads in the sands. An army of trained Republicans must arise when the moment comes. The Government announces that it has reinforced General Reinhardt, who is responsible for countering the movements by Bavarian irregulars.

FINANCIAL TRICKERY ALLEGED. PARIS, November 6. Senator Ga.ston-Japy, writing in the “Echo de Paris,” gives details of the manner in which German capital has escaped to foreign countries. He says that the national fortune, valued at twenty thousand millions sterling, has been transferred abroad. The German manufacturers organised agencies in Switzerland, Holland, Denmark, and other neutral countries, which were given an exclusive right to sell their products. The orders sent to the head offices mentioned only fictitious prices, which were accepted, thanks to the collusion of officials in the Government export services. Goods were invoiced ,to the foreign agencies at thirty per cent of their real value, so the foreign agents reaped enormous profits. Meanwhile the ""German headquarters have credited no profits and thus avoided taxation. Once these services got abroad, the Germans transformed their agencies into Swiss, Dutch, and Danish limited companies, which are able to buy shares in the mother companies in Germany for nominal prices, owing to the fall of the mark. Thus the German capitalists have made colossal fortunes while the mass of the people have been ruined.

M. Japy says that the occupation of the Ruhr is the sole means of thwarting this manoeuvre. If the Allies leave Germany to complete the fraud, then Germany will have won the war, for her freedom from taxation and the absence of debits will make her master of the markets of the world. It is inconceivable that the British should support this German trickery.