GERMAN SOLVENCY

Grey River Argus, 8 December 1931, Page 5

GERMAN SOLVENCY

ENGLISH CONCERN French Attitude Questioned (“Times” Cable.) LONDON, December 7. The question of the priority of the German payments is an academic one, says “The Tijnes” in an editorial. “The reparations cannot b c paid unless German trade is restored, thus enabling the payments to be made without endangering the stability the German currency. This depends on a revival of confidence, which would only be possible if Germany is allowed a breathing space to* recover solvency. The Basle Committee must, almost inevitably, recopnmend a complete moratorium on ail of the reparation payments until German internal stability lis restored, or dtherwise the whole structure of international credit will again be thrown into confusion. The Frencn insistence on priority is only intelligible if it is an attempt to maintain the juridical I integrity of the Young Plan.” The Berlin correspondent of “The Times” says: “The Bruening Government has taken no direct notice of Hitler’s activities, winch som e regard as being an indication that the Chancellor’s grip is failing.” “‘The Times” Paris correspondent reports: ‘“Hitler’s declaration has aroused indignation here, mingled with. anxiety, and is raising doubts as to whether FrancoMGerjnan negotiations are useful, inasmuch as the might repudiate ally agreement that is made with Chancellor Bruening. The presence of Rosenberg in London and Hitler’s intended visit to Rc<m© are regarded as manoevre s to enlist foreign sympathy a t France’s expense. reparations problems. FRESH CONFERENCES. (Australian and N.Z. Cable Assn.) LONDON, December 6. Conferences that are opening on Monday may have consequences felt throughout the world, and may contribute a settlement in Europe of the Young Plan. The Consultative Committee to inquire into the capacity of Germany to pay the reparations assembles at Basle. Simultaneously a committee of the bankers on the '■ “frozen” German credits meets at Berlin. The proceedings are expected to be protracted, and the reports will not be ready for the conference of international statesmen, before February next.