DEBTS OF GERMANY

New Zealand Herald, Volume LXX, Issue 21494, 18 May 1933, Page 9

DEBTS OF GERMANY

REICHSBANK'S PROBLEM UNFAVOURABLE EXCHANGE DESfRE TO MEET CREDITORS By Telegraph—Press Association Copyiight (Received May 17, 5.5 p.m.) LONDON. May 16 The Reichsbank has cabled to tho Bank of England saying it regrets that the German exchange position is so unfavourable that it seriously affects tho further transfer of funds for debt service. This necessitates direct discussion with creditors. The Reichsbank asks the Bank of England to invite the English bankcommittees, issuing 'houses and trustees of German issues to send repiesentatives to a meeting in Berlin on May 26. The Reichsbank's intimation covers a wide field, notably the " standstill " agreements, which, although they ha\e been materially reduced in the last 18 months, arc showing a discount in sterling believed to be between £30,000,000 and £25,000,000. The City editor of the Times says the development was nob unexpected in view of the recent decline in the German export surplus and virtual cessation of foreign lending by the creditor countries. Two important lessons are drawn from this. The first is that Germany should pursue a policy calculated to create, not to destroy, confidence and so enable international trade and finance to bo resumed. The second is 'that stabilisation of currencies in terms of a common intcinational monetary standard becomes daily more urgent. JEERS FOR CAPTIVES INCIDENT IN KARLSRUHE PUBLIC HUMILIATION BERLIN. May 16 A modern version of the pillory was introduced during the conveyance of political prisoners to a concentration camp near Karlsruhe. • Dr. Rammele, formerly President of Baden, Herr Stenz, an ex-Government official in Baden, a Socialist deputy of the Reichstag, a Socialist journalist, an cx-police chief, and several leaders of tho Reichsbanner in Baden were placed, bareheaded, in an open police lorry, strongly guarded by " Brown They were driven slowly through the main streets of Karlsruho to enable the crowds to insult and jeer at the captives. MILITARISTIC SPEECH OVERSEAS REACTIONS MAN IN STREET HORRIFIED BERLIN, May 16 Overseas reactions to Herr M)n Papen's militaristic speech, notably from Britain, where there is marked revulsion of feeling, are giving Germans considerable perturbation. The man in the street is unmistakably surprised and horrified at the talk of tho danger of war, and is puzzled as to whv foreigners should disbelieve Herr Hitler's dictum that Germany needs peace. Nevertheless there is skilful propaganda describing the adverse criticism as a smoke screen to cover tho failure of the Disarmament Conference for which France is blamed. TREATMENT OF JEWS NAZIS DENOUNCED

LORD MELCHETT'S ATTACK

LONDON. Mar 16

Lord Mclchett, in a fierce attack, at the Queen's Hall, on the Nazi regime in Germany, described that country as an absolute death trap for 600,000 Jews there. In the Spanish inquisition, he said, the Jews could escape by being converted, but there was no escape of that kind in Germany to-day, where people were allowing themselves to be dominated by a small body of unbalanced, savage individuals. The speaker quoted the case of a German worker who was forcibly "persuaded" to resign his office in a trade union after he had been taken to a dark cellar full of tortured, semi-con-scious men who were in various stages of being beaten up. The only permanent solution of the Jewish problem was the extension of settlement in Palestine. HEBREW DOCTORS SEARCHING QUESTIONNAIRE LONDON, May 9 The private practices of Jewish doctors in Germany cannot be interfered with except by exclusion from panel practice, which means the loss of their livelihood in many cases, says the Berlin correspondent of the Times. The medical associations are ' now under Nazi control and are sending doctors a questionnaire, demanding details of the racial origin of themselves, wives, parents and grandparents, whether they were ever Communists or Socialists and requiring details of the war service of themselves and their male relatives. Dr. Friek, in opening a conference of State Ministers of Education, said that youth must primarily study the past 20 years' history. Each must regard himself as one of a family of 100,000,000 Germans,'a third of whom live outside Germany. Youth must be educated to bear arms. Instruction would be controlled by the will of the State, not of parents. NAZIS IN WINNIPEG ANTI-SEMITIC AIMS WINNIPEG, May 1G An investigation into the wrecking of the Jewish cemetery in Winnipeg reveals the presence of a Nazi organisation, comprising 600 members who are pledged to exclude Jews from public positions.