FINANCIAL OUTLOOK
HELP FOR GERMANY. LOAN FROM THE ALLIES. LONDON, May 3. (Received May 4, at 5.5 p.m.) The Daily Express Paris correspondent states that the financial advisers have awakened to the fact that nine-tenths of Europe is bankrupt, and they fear that Germany will drag all Europe into the abyss. The Allies, therefore, will offer her an enormous international loan, enabling her to meet her treaty obligations and leave a balance to revive her industries.—A. and N.Z. Cable. AMERICA'S ATTITUDE. BRITISH PROPOSAL REJECTED. LONDON, May 3. (Received May 4, at 1L25 p.m.) The Paris edition of the New York Herald says that the American Government has rejected a British proposal for an international guarantee of a large German loan to revive industries and pay the most pressing indemnities. The Americans are also opposed to all proposals' to pool the whole cost of the war. America will help in the solution of European financial complications in her own -way.
The Echo de Paris says that Germany will pay five thousand millions in bonds and gold immediately, and. the whole cost of the war will be spread over 30 years. The total indemnity will be decided within two years.
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Otago Daily Times, Issue 17616, 5 May 1919, Page 5
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198FINANCIAL OUTLOOK Otago Daily Times, Issue 17616, 5 May 1919, Page 5
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