GERMANY

Otago Daily Times, Issue 18687, 17 October 1922, Page 5

GERMANY

REPARATIONS PROBLEM. SIR JOHN BRADBURY’S SCHEME. Pros AfiJoclctioa —By T*>l«gr*ph—Copyright PARIS, October 14. It is officially announced that Sir John Bradbury’s scheme provides for the removal of reparations charges from the German Budget for two or even four years, m order to enable Germany to obtain credits ; secondly, the fixing of the mark exchange and to allow the Reichsbank to sell gold marks against paper marks at a fixed rate to be determined by a mixed Commission ; thirdly, the reorganisation of the Commission and its transference to Berlin.—Reuter. THE PRESIDENCY. HINDENBURG A CANDIDATE. BERLIN, October 14 According to the Vossiscne Zeitung, Marshal von Hindenburg has acquiesced in the request by the National and People’s Parties to become a candidate for the Presidency Reuter. PAPER MARK CURRENCY. THE FINAL BLOW. LEIPZIG APPEAL COURT’S DECISION. BERLIN, October 15. The Leipzig Appeal Court, in an important compensation appeal, decided that, though theoretically naper marks and gold marks were equal in the sight of the law, they were unequal economically, and the courts of justice must intervene creatively, in order to make the transactions fair, and even remodel contracts which, if literally carried out, would cause heavy losses through the depreciation of the paper marks. This decision is characterised as a final blow to the paper mark currency.—A. and N.Z. Cable. COLLAPSE OF THE MARK. AMERICAN STATEMENT CONTRADICTED. BERLIN. October 15. ■ The Reichsbank contradicts an Ameri : can Press statement that Americans lost 960,000,000 dollars through the collapse of the mark. Nevertheless, the Bergswerk Zeitung, which is published in Essen, declares that through the collapse of tne currency Germany extracted from foreigners 10 times more than she had paid in cash reparations.—A. and N.Z. Cable.