RUHR PROBLEM

Gisborne Times, Volume LIX, Issue 9574, 27 July 1923, Page 5

RUHR PROBLEM

BRITISH PROPOSALS. ITALIANS FAVORABLY IM- / PRESSED. (United Press Association—Copyright) LONDON, July 25. The Daily Telegraph’s Rome correspondent says diplomatic circles consider the British proposal is a noteworthy attempt to find a satisfactory solution. The Giornale D’l.talia, which is in touch with tho Foreign Office, expresses satisfaction that the British proposal represents a near approach to the Italian view, especially the connection between reparations and internal debt. PARIS, .July 25. Referring to suggestions that foi the next fifteen years Germany’s payments he devoted to the' leconstruetion of the devastated areas and the repayment of the British debt to the United States, the Matin says the French and Belgian Ambassadors in London have been instructed to discuss the plan with Lord Curzon. The scheme; is favorably considered in Brussels. It would not be surprising if Belgi urn takes the initiative m proposing it officially. LONDON, July 25. The Daily Mail’s Dus.seldorf correspondent says a secret telephone exchange connecting business men with Essen and also Berlin has been discovered and the operators arrested. The town is now telephonic-ally iso. kited.

FALL OF THE MARK. NEW RECORD ESTABLISHED. (Received Julv 26. 5.25 p.m.) NEW YORK, July 25. The mark is quoted at 606,666 to the dollar, setting a new low record— A. and N.Z.C.A. POSITION OF BELGIUM. CHOSING BETWEEN FRANCE AND BRITAIN. (Received Julv 2G, 5.25 p.m.) PARIS, July 25. ’J’he Journal des Debuts says it must not be forgotten that Belgium does not waul to hi* placed in the position of choosing between British and Kronen friendship. In March, the Belgian Cabinet expressed the desire that t lie French and Belgian plan should be elaborated. which would have allowed them to become reconciled, to Britain. We have never understood why Fiance made no effort to give satisfaction to this desire. As the result of that negligence. we art- now forced to rush the discussion in order to reach accord. — A. and N.Z.C.A.

UNREST IN GERMANY. OUTDOOR MEETINGS PROHIBITED LONDON. July 25. (Received July 26. 9.50 p.m.) 'The “.Morning Post’s” Berlin correspondent states that a further sign of the brewing storm in German? is a proclamation issued by the Minister of the Interior prohibiting outdoor meetings.' particularly Communist demonstrations planned to be held. POTSDAM. July 29. A trial of strength between the Government and the Communists, which appears imminent, is fraught with special danger at the present critical juncture.—A . and N.Z.C.A.

COLLAPSE OF THE MARK. FEARS OF DISCONTENT AND s DISORDER. ACUTE SHORTAGE OF MONEY. (Received Julv 2(5. 8.45 p.m.) LONDON. July 25. The “Daily Telegraph’s’'' corespondent in Berlin says the collapse of the mark ha< given a tremendous impulse to all forces of discontent, disorder, and despair. The country is drifting rapidly to anarchy. There is a general shortage of foodstuffwhich are either hidden by tradesmen or bought by anxious housewives, who fear they may cost more next day. There are queues in every street, the largest outside the Reieh-diank. where additional thousand milliards worth of paper, marks are pouring out daily. Even this does not suffice for the country’.- needs and there is an acute shortage of money. Stupendous nominal sums are needed when, as happened on the Bourse today, half-a-dozen stocks jumped between a million and two million per cent, in the face value.—A. and N.Z. Cable Assn. „

STARTLING EXCHANGE ALTER- - ATHENS. SHOP CUSTOMERS CANNOT FINISH PURCHASE. CAB FOR. CASHED CHEQUES. (Received Juiv 26. 5.45 n.m.) LONDON. July 26. _ As an example- ,p( the effect of the rising prices a case is mentioned of a woman who purchased a pair of white cotton gloves for 29.900 marks. She said she would take them. She had the left glove on, and was taking the notes from her nurse when the bells began to ring "ud re l lights flashed in the shop. The assistant said. “I am sorry, madam, the index figure has changed. The Moves now are 60.000 marks.” The customer protested, but paid. - Yesterday morning the Rei-clwhank having sent large notes to the Ruhr, was paying out mainly in 5000 notes and only the most modest of its customers Could get home with, the proceeds of cashed cheques without a cab. Million mark notes are promised in another week, which it is honed will ameliorate the situation.— A.'and N.Z.G.A.

FR A N CO-BELGIAN ATTITUDE. EACH GOVERNMENT TO REPLY TO BRITAIN SEPARATELY. (Received July 26. 5.50 n.m.) LONDON, July 25. A report from Paris states M. Poincare framed a draft reply to the British ’ proposals which was communicated to Brussels. Afterwards it was announced that it had been decided that each. Government should reply separately, but in the same sense. The Daily Tolegranh’s Paris correspondent states that the opinion persists that Belgium is absolutely with Er-nee regarding the Ruhr, hut would ghullv see a rapprochement between the French and British standpoints concerning the reparations settlement and a committee oi experts. —A. aml N.Z.G.A.