FRENCH CONCESSION.

New Zealand Herald, Volume LX, Issue 18551, 8 November 1923, Page 9

FRENCH CONCESSION.

EXTENSION OF INQUIRY. GERMANY'S FUTURE CAPACITY LIMITED NUMBER OF YEARS. PERIOD NOT DEFINED. By Telegraph—Press Association— Copyright. (Received 10.30 p.m.) A. and N.Z. LONDON, Not. 6. The French reply to the British Government regarding the proposed reparation inquiry suggests that the ' committee of experts should inquire into Germany's capacity to pay at present and for a limited period of years, but does not suggest a precise period. The Morning Test understands that the British reply has been prepared, and will probably be despatched to- Paris tomorrow.

AMERICAN NEGOTIATIONS.

SEEKING MORE EXPLANATION.

PLANS TO FEED GERMANY.

Australian and N.Z. Cable Association. (Reed. 5.22 p.m.) WASHINGTON, Nov. 6.

The Washington con'espondent of the New York Times states that the situation rogarding the proposed reparation inquiry is still uncertain. The French Ambassador, M. Jusserand, was requested to ask M. Poincare to explain certain passages in the French Note, and to indicate more explicitly his proposed limitation of the scope of the committee of experts. A report from Paris states that M. Poincare has already despatched a reply explaining obscurities, but insisting upon linking reparations; with the French debt, evacuation of the Ruhr, etc

The President, Mr. Ooolidgc, conferred with M. Jussarand, and informed him that until M. Poincai-e's reply is received no definite announcement can be made concerning the United States' attitude, but every concession compatible -with the success of thj experts' efforts will be made by the United States. . The State Department considers the situation in Germany :'s so gravo that preparations are being made to extend voluntary aid to ths German people in the coming ■winter such as was extended to the Russians. GERMAN TRICKERY. CAPITAL SENT ABROAD. £20,000 MILLIONS TRANSFERRED. Australian and N.Z. Cable Association. (Reed. 4.5 p.m.) PARIS. Nor. 6. Senator Gaston Japy, in the Echo de Paris, details the manner in which German capital has escaped to foreign countries Ho says that the national fortune, valued at £20,000,000,000, has been transferred abroad.

German manufacturers organised agen•"•s in Switzerland, ' Holland, Denmark and other nuutral countries, which were given exclusive right to sell their products. Orders were sent to head offices in Germany and fictitious prices were accepted, thanks to the collusion of officials in the Government. Export goods were, invoiced to foreign agents at only 30 per cent, of their real value, and thus foreign agents reaped enormous profits. • Meanwhile German headquarters, being credited with no profits, avoided taxation. Once these reserves went abroad Germans transformed their agencies into Swiss, Dutch and Danish limited companies, which were able to buy shaves in the mother companies in Germany for nominal prices owing to the fall of the mark. Thus German capitalists have made colossal fortunes, while the mass of the people are ruined. M. Japy says the occupation of the Ruhr is the sole means of thwarting the manoeuvre. If tho Allies allow Germany to complete the fraud she will have won tho war, for her freedom from taxation and absence of debts will make her master of the markets of the world.

II is inconceivable the British should support this German trickery, adds M. Japy.