GERMANY

Nelson Evening Mail, Volume LVI, 9 April 1924, Page 5

GERMANY

BAT ARIA N ELECTIONS

A TRIUMPH FOR LUDENDORFF

(By Electric Telegraph.—Copyright.) (Australian and N.Z. Cable Association.)

LONDON, April 8. The Daily Chronicle’s Berlin correspondent says the Bavarian election was a great triumph for Ludendorff. Though the Communists doubled their representation it was at the expense of moderate socialists while the middle parties lost heavily to the new Hitler-Luden-dorff party, which will have a quarter of the seats in the House, and he second only to the Bavarian People’s Party. Speaking after the polling Ludendorff said: “Our cry is through internal liberty to external liberty. ’

EXPERTS 1 REPORT

LONDON, April 8. A Paris correspondent states that the experts’ report on reparations will be published to-morrow. It is a huge document of sixty pages. According to a forecast it proposes that 'Germany shall immediately pay sixteen milliard gold marks and also payments between a minimum of 1400 and a maximum of 2,000,000,000 gold marks; or alternatively that she pay a milliard gold marks in the first year; 1200 million in the second and third years; 1750 million in the fourth year; 1460 million in the fifth year and onwards after the sixth years. The Reparations Commission may demand supplementary payments calculated on the basis of Germany’s prosperity amounting to several hundred million gold marks. The German railways will 'be handed over for-half a century'to an international company with a capital of twenty-six milliard gold marks, of which the Reparations Commission shall hold eleven milliards in 6 per cent, debentures giving an annual yield of 660 million gold marks after the fourth year. Without entering into the question of the military occupation of the Ruhr, the experts express the opinion that Germany’s economic restoration can be lasting only if her economic unity is fully re-established. They suggest a permanent committee of five experts, with a president nominated by the Reparations Commission, to regulate the movement of German capital and to administer the capital left temporarily in Germany.