ITALY'S PROPOSAL.

Hawera & Normanby Star, Volume XLII, Issue XLII, 6 January 1923, Page 7

ITALY'S PROPOSAL.

. PAEIS, Jan. 4. : Italy's proposal is to raise tcii thousand million gold marks by internation-al-loan, to be used to,stabilise the mark pay reparations. - ' ' POME, Jan. 4. - bigaor Mussolini ' (Italian Premier) has reported to his Cabinet that the ' English plan for dealing with reparations was detrimental to Italian inter■■estn. A four years' moratorium would deprive Italy of her supply of coal and , compel Italy to purchase coal from Lnglaud at prices which would further -depreciate the lire. Under the British plan, Italy would, be unable to enforce her claims against other ex-enemy -States. Furthermore, .Italy would be •compelled to allot England five hun^ ■dred million lire in gold, and renounce .her credits from minor Allies, while Italy^ would have no guarantee that her -.debt to America would"be cancelled. Cabinet approved the attitude of the Italian delegation in Paris.