NO ALTERNATIVE

Northern Advocate, 2 March 1921, Page 2

NO ALTERNATIVE

TO INDEMNITY PROPOSALS. GERMANY'S OFFER. PRESENTED TO ALLIES. (Received 9.80 a.m.* LONDON, March 1. Dr. von Simon s stated that German y_ was not in a position to accept the Paris proposals, which were based on a too transient eonceplior of German industry. Fifty milliard gold marks was all th'at Germany wa 3 abie to pay. Germany estimated she had already paid twenty milliard marks and suggested that the remaining thirty milliards should .be provided by an international loan of eight milliard marks, the remaining twenty-two to be capitalised, Germany paying interest and sinking fund. 'Mr Lloyd George intimated thai the Allies could not discuss any alternative to the Paris proposals.-—A, and N.Z. SURPLUS EXPORTS. AS MEAN'S OF PAYMENT. (Received 10/45 a.m.) LONiDON, March 1. In continuation of his statement Dr. von Simon s said he was unable + o accept the Paris proposals in their present form, owing to the fundamental difficulty of raising industry effectively to a maximum in order to pay the amount asked, while on the other band preventing German competition being a danger to other nations. The German Government, taking the Paris proposals a 3 a starting-point, had arrived >at very different conclusions; Paris imposed annuities of six milliards gold marks. This must be paid by surplus exports. Experts were agreed that in order to pay the annuities German exports would require to ibe four times* greater than the annuities., Thi s ra tio was chiefly due to the necessity of importing raw material and food.—A. and N.Z.