GERMAN STALEMATE.

New Zealand Herald, Volume LX, Issue 18534, 19 October 1923, Page 7

GERMAN STALEMATE.

NOTHING TO OFFER.

NEITHER IN CASH NOR KIND.

NO WAGES FOR THE RUHR. EXHAUSTION OF CREDITS. By Telegraph—Press Association-Copyright. (Received 10.30 p.m.!) A. and N.Z. "' LONDON. Oct. 17. A message from Brussels states that the German Charge d' Affaires interviewed M. Jaspa-r, Belgian Foreign Minister, and explained the difficulty of payins industrialists for coal delivered to Belgium. M. Jaspar retorted that that was a matter for the German Government. Industrialists in Belgium did not intend to pay for the coal. The Paris correspondent of the Westminster Gazette says that M. Poincare acceded to the request of the German Charge d'Affaires for an interview today. It is understood that the interview will be regarding reparations and deliveries in kind, which the German Government states it is unable to make.

The Cologno correspondent of ; the Times states that after all General Degoutte's negotiations with the industrialists have come to nothing. , A meeting of leading industrialists, including Herr Stinnes, decided to inform the French authorities that as there is no present possibility of raising money to pay wages they are compelled to close the mines and works. This decision was reached after a revelation of Germany's financial straits on the authority of the Imperial Minister for Finance.

The latter announced that it was impossible to finance reparations in kind for France or any reparations to any of the Allies. The financial chaos and general exhaustion following on the Ruhr struggle, and the urgent necessity of feeding the population, demanded drastic economies. Even advancos on account of the Armies of Occupation would probably have to cease accordingly.

The Gorman Cabinet will shortly despatch a Note to the Allies notifying the cessation of all reparation.) until further notice. Inquiries mane at homo &nd abroad elicited the fact that it was impossible to grant credit to assist. industries in the territory occupied by foreign troops.

The last available credits for wages will be exhausted this. week. Thur, it appears that next week will see the hngo working population of the Ruhr unemployed. Industrialists say that this is not a matter of tactics. There is simply no alternative.

The Berlin correspondent of the Daily Chronicle sends a less gloomy report. He says that negotiations between the Ruhr industrialists and the French authorities have been reopened at Dusseldorf, with the full knowledge and consent of the German Cabinet. He learns that the industrialists will undertake to resume coal deliveries, though the German Government has notified its inability to compensate them. There is only one solution, industry must bear the burden itself. The German Government will compensate tho industrialists ultimately if developments prove satisfactory.