GERMAN CRISIS

Hokitika Guardian, 16 July 1931, Page 6

GERMAN CRISIS

BRITISH MINISTER’S MISSION

[United Preaß Association.—By Electrio

Telegraph.—Copyright.]

(RUGBY, July 14. The Foreign Secretary, Mr A. Henderson, who left to-day for Paris, said that ithe object l of his visit was to' promote friendship, not only between Britain and Germany, bub between Germany and France. GERMAN CABINET. LONDON, July 14. The German Cabinet is an almost continuous session, and has been in consultation with Dr Luther, head of the Reich Bank, who returned by air from Basle at midday. a press telegram from Berlin says that a new emergency decree is |)eing prepared. The Basle discussions have clearly shown the Government that they, must deal first with the steps Germany can take to help herself. To prevent anxiety, among the unemployed, it has been officially announced according to a Berlin message, that the money for payments is safe in the Reich Bank. _ News from Germany indicates that nervousness has been kept in check by the measures which have been taken to control out-payments from the banks and foreign exchange. BERLIN, July 14.

It is stated in official quarters that the Government plans a new currency for internal U6e. COERCION qF GERMANY. ALLEGATION DENIED. RUGBY. July 14. The “Manchester Guardian’’ denies the report in Germany that the British Government joined with the French Government in an attempt to impose political conditions upon Geimany. it adds: “The Government accepted the Hoover plan immediately without alterations, and at the present moment is the onljfc one of the creditor Powers that has taken the necessary steps to declare that it wishes a moratorium to come into operation at once, namely, by informing the Bank of International Settlements that it does not expect to be paid this week’s instalment of the reparations. It is, however, true that the British Government is of the opinion that it would be a gesture on the part of Germany j f she were to give up the battleship as an earnest both of her desire for the utmost national economy and sincerity in disarmament, and conciliation towards France. Mr Henderson will have an opportunity of'making the British Government’s attitude clearer when he reaches Berlin on Friday . ’

LONDON PRESS CRITICISM. LONDON, July IS. “The Times” says: All indications point to the conclusion that, unless the demand for political guarantees is abandoned, there will result a complete impasse, which will imperil the whole economic stability of Europe. The “Daily Herald” says : —l* ranee has put up terms in which she now demands the disbandment of the Steel Helmets. GERMANY'S NAVAL POLICY. BERLIN, July 15. The German Government is reported to have .advised the United States of Germany’s willingness to suspend the construction of her second pocket battleship if the other nations make similar concessions. TO PAY 'WAGES. 1 BERLIN, July 15. .The Council of the Reich Banks has announced that it has allocated thirty millions sterling to business houses for week-end wages. UNCONDITIONAL REPARATIONS. WILL GERMANY DEE AULT P Berlin; July 15. Apart from the main question facing the German Government there is the question of the monthly instalment of thirty-three millions sterling of unconditional annuities which is due to be deposited' in the International Settlement Bank to-day. ' France maintains that this ' instalment must be paid. LONDON FINANCIERS MEET. LONDON, July 15. Following on the Bank of England Chairman, Mr Norman’s return from (Basle, where the Bank of International Settlements met, a meeting of leaders of the 'money market was held at the Bank of England. ■ ITALIAN ATTITUDE. ROME, July 15, The “Giornale D’Ttalia” publishes a statement .that Italy is willing to co operate in saving the German finances. A GERMAN APPEAL. (Received this day at 9.25 a.m) BERLIN, July 14. Though the Government appears to have abandoned hope at the present of a loan from France, “Germania the organ of the Bruening Party, ap-

peals to France to' assume a lead now in a credit action without making petty, political demands. Such action, the paper says, would not be forgotten. German newspapers compare tne festivities on France’s National Day with the gloom and depression on Germany. HELPFUL INFLUENCE. ~ (Received this day at 9.25 a.m) PARIS, July 15. It is officially announced that France has telegraphed the Bank of International settlements, foregoing unconditional annuities due from Germany today. This gesture is regarded as a most helpftil influence .