GERMAN REPARATIONS.

New Zealand Herald, Volume LXI, Issue 18678, 7 April 1924, Page 9

GERMAN REPARATIONS.

REPORTS OF EXPERTS. FURTHER FRENCH FORECAST f : '- ;• ».;• .*•• •" ' , ■ *• ' i ■ | Australian ted N.Z. Cable Association, i (Reod: 5.5 p.m.) ' PARIS, April 4. The committee of- experts -which investigated the German registration ques-t-oil, tinder ' the chairmanship of General C. G. Dawes (Unil-ed States) and Mr. R. McKenna (Britain), ivill report to the Reparation Commission in a few days. ' It is understood that General Daves' report favours granting Germany a partial moratorium for four years, the first year's payments to be limited to £50,000,000 in kind, and also the costs of occupation, this to be financed with the help of an international loan. After the second year payments ifcQ be increased annually till tb> fifth year, , when they will reach £125,000,000, which i«i deemed'to be tha maximum obtainable.; It is understood that the report will also propose that aa international company shall take over and run all the German railways, for half a century. * • - Mr. McKenna'jt oonimittee is said to estimate ' German . capital abroad at £400,000,000. "

INFLUENCE ON EXCHANGES.

FIRMER FEELING /SHOWN, Australian, and N.Z. Cable Association. (R«rd. 8.45 p.m.) NEW YORK. April 5. Sterling reached 4.34 to-day, representing a net gain of thrpe cents in a single day. Heavy buying in London is reported. Dealers in foreign exchange are unable to determine ' the exact reason underlying the' sudden large volume of purchases, though the opinion is expressed that the imminence of the publication of the reports of the expert committees on German reparation has resulted in the favourably upward turn. Continental exchanges have reacted sympathetically, the franc and the lira having gained several points. ?