GERMANY

Nelson Evening Mail, Volume LVI, 13 November 1922, Page 5

GERMANY

INCOME TAX EXEMPTION RAISED

(By Electric Telegraph.--Copyright.) (Australian & N.Z. Cable Association.)

BERLIN, Nov. 10. The Government's income tax bill submitted in the Reichstag, raises the limit of incomes which are taxable only at a raFe of ten per cent./ from 100,000 marks as at present, to 250,000 for 1922 assessments, and 400,000 in 1923.

EMPHATIC STATEMENT BY M

POINCARE

PARIS, Nov. 10. In the Chamber of Deputies M. Poincare said that France would do everything possible to obtain a general settlement of the reparations problem. While there is a possible hope of succeeding he would not contemplate isolated action, but if France did not get satisfaction nothing in the world would make her renounce her rights. "Wo would rather act? alone than not be paid."

ANNIVERSARY OF REVOLUTION

PASSES QUIETLY IN BAVARIA

BERLIN Nov. 10. The anniversary of tbe German revolution passed jvuietly everywhere in Bavaria. Strong forces of police guarded Munich streets. Von Knilling, the new Bavarian Premier, declared that Parliament intended to suppress all revolution, whether from the Right or Left.

GERMAN NOTE

BERLIN, Nov. 10.

Gei-many's note to the Reparations Commission says the Government accepts the responsibility towards the Guarantee Committee. The note promises to take the necessary measures for financial control. It will be necessary for an international consortium of bankers to co-operate with the Reichsbank in stabilising the mark. The success of the whole plan depends on a moratorium and in payment of reparations monies in kind. During the period of stabilising Germany will continue the work in the devastated regions of France.

HOME POLITICS IN FOREGROUND

BERLIN, Nov. 10.

The Reparations Commission returned to Pans, whence it will forward an answer to the German note. A speedy resolution is not anticipated, as the bankers' conference is unlikely to meet Wore 1923.

German homo politics aro now in the foreground. Industrial and financial interests concentrated in the People's Party seek a share in the Government. Dr Wirth is willing to regroup the Cabinet if the Socialists consent.

The question of increasing production by abolishing the eight hours'' day seems approaching a. solution. Stinnes, speaking before the Economic Council, violently attacked the Government programme for stabilizing the mark. He favoured a ten hours' day.

RECONSTRUCTING THE CABINET

BERLIN, Nov. 11

The Chancellor announced his intention to reconstruct the Cabinet, and is negotiating for the inclusion of representatives of business men. \