GERMAN PAYMENTS

Hawke's Bay Tribune, Volume XXI, Issue 304, 8 December 1931, Page 8

GERMAN PAYMENTS

QUESTION OF PRIORITY COMPLETE MORATORIUM PROBABLE. BREATHING SPACE ESSENTIAL. “Times” Cable. London, Dee. 7. The question of priority of German payments is academic,” says “The Times”, in an editoriaj. “Reparations cannot be paid unless German trade is restored, enabling payments to b.) made without endangering the stability of the currency. This depends on a revival of confidence, which is onlypossible if Germany is allowed a breathing space to recover hei solvency. “The Basle committee must almost inevitably recommend a complete moratorium of all reparation payments until German internal stability is restored; otherwise the whole structure of international credit will again be thrown into confusion. French insistence on priority is only intelligible if it is au attempt to maintain the juridical integrity of the Young pian.” The Berlin correspondent of “Tho Times” says the Bruening Government has taken no direct notice of Hitler's activities, which some regard as an indication that tho Chancellor’s grip is failing. “The Times’ ” Paris correspondent reports that Hitler’s declaration has aroused indignation, mingled with anxiety, raising doubts as to whether Franco-German negotiations are useful, inasmuch as the Nazis might repudiate any agreement made with Dr. Bowling. The presence of Rosenberg in London and Hitler’s intended visit 'o Rome aro regarded as manoeuvres to enlist foreign sympathy at France’s expense.