REPARATIONS
REPORTS OF EXPERTS COMMITTEES
MORATORIUM FOR GERMANY FAVOURED
(By Electric Telegraph.—Copyright.) (Australian and N.Z. Cable Association.)
PARIS, April 4. The Dawes and McKenna Committees are expected to present reports to the Reparations Commission in a few days. It. is understood the Dawes report favours granting Germany a partial moratorium, the first year’s payments being limited to £50,000,000 in kind and costs of occupation, this to be financed by the help of an international loan. After the second yea-.’ the payments to be increased annually till the fifth year, when they will reach £125,000,000, which is deemed the maximum obtainable. The report proposes that an international company should take over all German railways for half a century. The" McKenna Committee estimates that German capital abroad amounts to four hundred millions sterling.
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Bibliographic details
Nelson Evening Mail, Volume LVI, 7 April 1924, Page 5
Word Count
131REPARATIONS Nelson Evening Mail, Volume LVI, 7 April 1924, Page 5
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