OUTCRY AGAINST NEW REPARATIONS SCHEME

Manawatu Times, Volume LIV, Issue 6886, 16 April 1929, Page 6

OUTCRY AGAINST NEW REPARATIONS SCHEME

“Policy of Plunder” GERMANY’S PRESS IN PROTESTING CHORUS DEATH BLOW TO CONFERENCE. Australian Press Association. Received Monday, 9.35 p.m. LONDON, April 15. The Berlin correspondent of the Daily Express says: “A policy of plunder” is the phrase summing up Germany’s reception of the reparation experts’ proposals. Newspapers throughout the country are voicing a roar of indignation, most of the papers and reports . from Paris suggesting that the American delegates are as much shocked as the Germans at the vastness of tho Allied demands. The Deutsche Allgameine Zeitung says the demands will be the death blow to the conference. In the whole memorandum, there is no evidence that the burdens imposed upon Germany can be borne.

MAXIMUM YEARLY PAYMENT £115,000,000, DEBTS AND REPARATIONS. i Received Monday, 7 p.m. PARIS, April 14. The Allied experts’ demands will be presented at a plenary session of the Reparations committee. It will not be decided until Monday whether details are to be published. Average prophecies concerning the Allies’ memorandum appear to indicate that tho initial minimum of Germany’s annual payments will be £89,500,000, rising during 36 years to a maximum of £115,000,000. At the beginning, half will be devoted to reparations and half to war debts. Later, whon the maximum is reached,,two-tnirds will go to debts and the balance to reparations, upon the extinction of which, at the maximum year, there will continue a yearly debt payment of £83,000 till it is discharged. Le Matin asserts that the reparations are not acceptable. The Germans intend asking for time to consider the document carefully.