THE GERMAN INDEMNITY.

Horowhenua Chronicle, 28 January 1921, Page 3

THE GERMAN INDEMNITY.

Re-acts on Allied Industries A DIFFICULT PBOBLEM. tßj Electric Telegraph—Copyright.; (Ter Frees Association.) (Received This Day, 9.5 a.m.) London, January 27.

The Central News Paris correspondent states the Allies are unanimous on the principle of making Germany pay to the uttermost farthing, hut there is a divergence of opinion as to the method of payment. France expected sixteen and a-half milliard francs from Germany to assist her to meet the heavy deficit. Cabinet does not dare to increase the taxation while Germany is escaping with £3 a head. Mr Lloyd George and the Belgians are willing to take half in cash and half in raw materials, but the French miners do not favour importing coal in view of the short time being worked in French mines. ® Paris, January 26. In regard to the reparations discission at the Conference, newspapers recall Mr Lloyd George’s speech at Bristol during the election campaign of 1918, in which he said: “Those who start war must pay to the uttermost farthing, and we shall search their pockets for it.” The newspaper “Eclair" says it is reported that Mr Lloyd George considers it to he folly to attempt to extract the full amount, and says: “We respectfully remind the British Prime Minister of his election speech.’* Arising possibly out of, these comments. a portion of the crowd) witnessing Mr Lloyd George’s departure from the Hotel Carillon for the Conference, raised the cry of “Search their pockets!” and also “What about the last farthing?”

Another Illustration.

INDEMNITY DEPRESSES SHIPBUILDING. (Received This Day, 8.35 a.m.) London, January 27. The Cylde shipbuilders declare the high cost of production is not the only factor in the shipbuilding slump. The sale of 400 German ships by the Government has also helped to kill r.ew shipping business. Not a single new order has been received for 1921. The shipbuilders are submitting to the Government that 300,000 tons of shipping still due from Germaliy is not wanted in Great Britain.