GERMANY

Hawera Star, Volume XLVIII, 12 September 1924, Page 5

GERMANY

THE PROPOSED LOAN

BENEFICIAL TO EUROPE

MILITARY SANCTIONS

BY CABLE-PRESS ASSOCIATION —OnpVRIGtIT

PARIS, Sept. 11. The question of French participation in the forty million loan to Germany is exciting; controversy, Mr. Andrew Mellon (Secretary of the Treasury in the United States) had a. conference with hankers, during which he argued thgt the loan is less intended as a benefit. to Germany than to put Europe on its feet by financing reparations. He suggested that France should take up a small portion, say five per cent., in dollars, so that theoretically America would be lending to France, instead of Germany. It is believed the suggestion will be adopted, but there is no enthusiasm. GENEVA, Sept. 11. , A. committee of the League of Nations, at the instance of Sir James Allen (New Zealand), is issuing the American plan and also the plan of M*"; ®.. Hyde, a New Zealander, which provides military. sanctions of a drastic character.

Masterton Age states that Mr. : ydc, the New Zealander, whose £?%me has been. submitted to the league of Ls a son of Dr. Hyde, of Tarras,, Otago. During the war he joined the Royal Naval Air n ; ice ' published a book about 191/ outlining a scheme for the settlement of disputes and international police, which attracted considerable atani that time considerable criticism. —Press Assn.