CABLE ITEMS

Inangahua Times, 21 August 1931, Page 3

CABLE ITEMS

(United Press Assn —By Electric Telegra.pl—Copyright.) GERMANY’S PROBLEM BasletAog 19 The report of the exper s’ commitue tays that Germany’* sh of (-term deb*\Jx« day, is 7,400,000,000. marks. It state; that during the pasf'seven wombs short term credits to the tx'ent of two thou.' sind nine hundred million marks have by foreign creditors been wi hdrawn from 1 Germany. It says that it is evident that the economic situation of Germany will tetnain unde l ■he heaviest pressure, until the Reiehsb mk s position is relieved, and at leait a portion of the withdrawn cap tal ’S icpl-ct d. The Committee pleads to all the Governments tor immediate measures to reate a situation favourable to Germany and eventually the whole world. Only the restoration of free exchange |of money and products by Germany will dispel the partial paralysis, where' from ber economic organ'istn is stiff rirtyj Germany’s lack of confidence is ut.jun« ified, but, unless it is restored, it will be impossible in future to place long'tcrm loans on Germany’s credit alone. The report urges an improvement in the German currency by the compress sion of imports and development of ex» ports.' • : I MOUNTAIN TRAGEDIES AN* ATJps TRAGEDY ; i i "The Jftnes>_jJpgifiva c<mk4 pondent sayS': The Alps deathroll has been increased .by five withAtye deaths of two Gfrfhiws /jn-jt faeOrjiii yaz Glazier, and 6t three Englishmen on the Jungfrau. The latter were a section of a party led by Profesaor ill being expetu enced %lpin,iets. -They were seen through a telescope. The slip rope broke and they fell infst a rivtne. TWO OF INDIAN EXPEDITION Kit LED " A Calcutta message says : Disaste has overtaken Doctor Paul Bauer': Germa expedition to Mount Kauchanjunga. Herr Bchaller and i porter, natned Pasnne, plunged tc death from a.rock ledge into a ere vasse.when their tope broke. The tragedy was watched hy D Bauer and companions. Dr Bauer declares, in Jt message to ’’ The Calcutta. Statesman,” that the effect upon them was so uncanny that they all experienced a roofnen tary impulse to follow the doomed men The accident happened at an j altitude of 17,000 feet.