REPARATIONS

New Zealand Times, Volume XLIX, Issue 11366, 13 November 1922, Page 6

REPARATIONS

STABILISING THE MARK GERMANY ACCEPTS HER RESPONSIBILITIES. FINANCIAL CONTROL. By Telegraph—Press Assn.— Copyright. Australian and N.Z. Cable Association. (Received November 21, 5.5 p.m) BERLIN, November 10. Germany's Note to tho Reparations Commissjpn says that the Government acoepts its responsibilities towards the Guarantee Committee, and promises to take the necessary measures towards the financial control. The Government considers that regulation of the reparations question will be necessary. An international consortium of bankers will co-opoTate with the Reichsbank in stabilising the mark. The success of the whole plan depends on a moratorium, and on the payments of reparations money in kind during the period of stabilisation. Germany will continue to work the devastated regions in France. NO SPEEDY SOLUTION. The Reparations Commission has returned to Paris, whence it will forward an answer to the German Note. A speedy solution is not anticipated, as the Bankers’ Conference is unlikely to meet before 1923. FRANCE EMPHATIC GERMANY MUST PAY. PREPARED TO ACT ALONE. Australian and N.Z. Cable Association. PARIS, November 10. In the Chamber of Deputies, M. Poincare said that France would do I everything possible to obtain a general settlement of the reparations problem. While there was not a possible hope of succeeding, he would not contemplate isolated action, but, if Prance did not get satisfaction, nothing in tho world would make her renounce her rights. “We will rather act alone than not he paid,” he contended. GERMAN POLITICS INCREASED PRODUCTION. Australian and N.Z. Cable Association. BERLIN. November 10. Germany’s home politic© are now in the foreground. Industrials and financiers concentrated in the People’s Party seek a share in the government. Dr. Wirth is willing to regroup the Cabinet, if the Socialists consent. The question of increased production by abolishing the eight-hour day seems to be approaching solution. Herr Hugo Stinnes, speaking in the Economic Council, violently attacked the Government programme for stabilising the mark, and favoured a tenhour day. INCOME TAXES PROPOSED REDUCTIONS. BERLIN, November 10. The Government Income Tax Bill, submitted to tihe Reichstag, raises the limit of incomes which are taxable only at a rate of 10 per cent, from 100,000 marks, as at present, to '250,000 for 1922, and 400,000 for 1923.