STRESEMANN TRIUMPHS

New Zealand Herald, Volume LX, Issue 18530, 15 October 1923, Page 7

STRESEMANN TRIUMPHS

EMERGENCY LAW PASSED. • DICTATORIAL POWERS. "Australian and N.Z. Cable Association. {Reed. 4.30 n.m.) BERLIN, Oct. 13. The Reichstag passed the Emergency Law, which . confers dictatorial powers on the Government, by 316 votes to 24. Seven members abstained from voting. A decree, signed by the President, Herr Ebert, and the Chancellor, Dr. Stresernann, provides that all taxes must in future be paid according to 'the gold standard, instead of being assessed in paper marks, which lose value by the time the taxes are actually paid. Further decrees, aiming at the recuperation of the country's finances, will be issued shortly. The Berlin , correspondent of the Runday Express states that Dr. Stresemann and Herr Stinnes, with pale, tense expressions and nervous gestures, confronted each other before the sitting of the Reichstag began.. Then Stinnes stamped out. ■ ' ~. The Exchange Agency's correspondent reports that Stinnes, after his encounter with Dr. Stresemann, refrained from voting. There was intense excitement in the House and galleries and outside. The result of the vote was generally applauded. The Cabinet now possesses dictatorial . powers. It is expected that the Reichstag will bo indefinitely adjourned after perhaps one meeting next week. The Cabinet on Monday will discuss the new currency, and other problems. The work of reconstruction of Germany is to commence immediately. Drastic measures are expected, dealing first with profiteering and unemployment. It is anticipated that the dismissal of workmen will be prohibited.

RUHR NEGOTIATIONS. MAGNATES COMPROMISE. BERLIN TO BE CONSULTED. Australian and N.Z. Cablo Association (Reed. 4.50 p.m) LONDON. Oct 13. The Berlin correspondent of the Daily Telegraph states that the Government and the Ruhr industrialists have arrived at a compromise. The latter undertakes ■to consult the Cabinet regarding any proposals to the French before these are made, but agrees that negotiations shall be conducted by industry as a whole instead of by single groups. Thus the activities of Herr Stinnes may have been curbed.