MAKING GERMANY PAY.
TRADE THE ONLY MEANS, Australian and N.Z. Cab!? Association. (B«;d. 3.S p.m.) LONDON. Ang. 15. Sir Arthur Steel Maitland, who, with Sir i'rancis Bell and Sir James Allen, represented New.Zealand at th« League of Nations' Assembly at Geneva, diiscussing in the Evening Standard the practicability of enforcing German reparations, maintains, as a, result of his experience as Minister in charge of the 33epartment of Overseas Trade, that Germany can only pay for goods in paper marks, which are not acceptable because they are not negotiable fo r gold. This is impossible because gold reserves are hardly equal to one-hundredth part of Germany's liabilities to the Allies. The only alternative is that in goods, in which Germany competes with Britain in overseas and neutral markets. Germany must undercut, and she is undercutting Britain. Anti-dumping duties will prove .unavailing because if they are effective Germany will be unable to pay. Therefore, it is inevitable that German reparations must be reduced quickly.
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New Zealand Herald, Volume LIX, Issue 18171, 17 August 1922, Page 7
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162MAKING GERMANY PAY. New Zealand Herald, Volume LIX, Issue 18171, 17 August 1922, Page 7
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