GERMAN CRISIS

Gisborne Times, Volume LXXIII, Issue 11947, 18 May 1933, Page 5

GERMAN CRISIS

OUTSIDE REACTIONS TO VON PAPEN’S SPEECH PEOPLE HORRIFIED AT TALK OF WAR DANGER HER A b> El.. ' T<*U BERLIN, May 15. The overseas reaction tell Lit von Papon’s speech, notably in Britain, where it is realised that there is a marked ’revulsion of feeling, are giving the Germans considerable perturbation. ’The “man in the .street” is unmistakably surprised ana horrified at the talk of the dauger of war, and is puzzled why foreigners disbelieve Herr Hitler’s propaganda describing adverse criticism as a smoke screen to cover the failure or the Disarmament Conference, for which France is blamed. ECONOMIC LESSONS FOR GERMANY CU.P.A. by Elec. Tel- Copyright: (Received May 17, 5.5 p.m.) BERLIN, May 16. The Reichsfaank’s intimation covers u wide field, notably standstill agreements, which, although materially reduced in the la-st eighteen months, are showing a discount on sterling, believed to he between thirty and thirty-five million pounds. The Times City editor says that the development was not expected in view of the recent, decline in the German export surplus and the virtual Cessation of foreign lending by creditor countries. Two important lessons are to be drawn from the development: —•

(1) That Germany should [pursue a (policy calculated to create and not destroy confidence and enabling the resumption of international trade and finance . (2) That the stabilisation of currencies in terms 'of a common international monetary standard is dai y more urgent. , MACDONALD PLAN. believed acceptable TO GERMANY. <DPA by Elec. Tel- Copyright) BERLIN. May I<Tho Stale offices'iu Wlhehcstato were busy lohg after d £ gestins tho message Herr Huler to make. , Hedd Nadolny is returning to Geneva forthwith. It is understood tßat Germany accepts Mr. MacDonalds plan as a basis for negotiations.'