THE RUHR

Nelson Evening Mail, Volume LVI, 26 April 1923, Page 5

THE RUHR

QUESTION OF REPARATIONS

CERMANY READY TO NEGOTIATE

LOAN TO BE RAISED

(B 5 Electric Telegraph—Copyright). (Australian & N.Z. Cable Association).

RERUN, April 24. It is stated on good authority that the Government is preparing a positive offer for the Allies and will declare readiness to negotiate on the question of leparatioiis and guarantees. BERLIN, April 25. A German note will certainly an* nounco tho immediate raising of funds for reparation purposes by means of an international loan; also the readiness of leaders of finance, industry and commerce to provide tho necessary guarauleeS' BERLIN, April 24. The Government is conferring with Ruhr magnates who, it is understood, are in favour of an offer of two thousand million sterling.

NEW OFFER THIS WEEK

LONDON, April 25. Tho Daily Telegraph's Dusseldorf coiespondrent states that authoritative advices from Berlin report that a new German offer will bo made at the end of the week, the Government addressing all the Allies simultaneously.

REFUSAL TO SUPPORT LOAN CASTIGATION OF GERMAN INDUS TRIALISTS BERLIN, April 25.. A severe castigation of German industrialists was administered by Herr Havenstein, president of the Reichsbank. He accused them of selfishness in refusing to support the loan, which is therefore a failure. Ho also declared that they, by speculating in foreign exchange, were stabbing the Government in the back. Herr Havenstein added that if-the effort to stabilise the mark could otherwise be effected, the Reichsbank would employ fbice regardless of persons and firms. He urged that other banks should assist by refusing to deal in foreign exchange beyond the daily legitimate needs of trade and industry.

Industrialists angrily reply that the Reichsbank, by,attempting-to fix the mark too high, is killing the export tifde, and.that they are really acting patriotically in counteracting the Government's action.

BERLIN, April 25. Herr Cuno, in conferences with the industrialists, is delaying the reparations proposal. Industrialists are op-jx-sed to naming a sum. A Note da expected to bo forwarded at tho weekend .-