REPARATION CRISIS

New Zealand Times, Volume XLIX, Issue 11222, 30 May 1922, Page 5

REPARATION CRISIS

SAID TO EE OVER GERMANY ACCEPTS TEE PARIS PROPOSALS. NO MILITARY ACTION. Bv TcWyaph.—Pip=s Assn.—("oovrichAustralian and N.Z. Cablo Association EERLKN, May 2s. Cabinet accepts ihe Paris proposal? regarding the reparations. Dr. Mirth agreeing. The acceptance indicates tlut the crisis is over, and' that France will not take nii<i;ary action. (Received May 29. 7.45 p.m.) PAULS, May 29. No official nnnouiKiiMuit ha* been m.tde of the terms which the Reparation Commission has o fie red to Germany. It is understood that a portion of the international loan which would enable Gerhiany to meet scleral years’ reparation* will be allotted to Germany to balance the Budget. If the bankers consider it impossible to float a loan this year Germany will be allowed t-o an extra amount of paper money for the purchase of foreign currencies iu order to meet reparation payments in 10i;2. JUSTICE FOR FRANCE CLEMENCEAU SPEAKS PLAINLY. PARIS, May 2S. M. Clemenceau, in unveiling a memorial to students of the Nantes Lycee who fell in the war, said: “In 1914 we did not want war. We do not want it to-day; but we do not want a dishonourable peace. We shall not abandon our allies, but wo ask for justice for our cause. They must not sacrifice our interests to other interests. We will do everything to maintain peace, but there are limits which we shall not pass.”