EUROPEAN PEACE
GERMANY'S GUARANTEE IF LEAGUE IS REFORMED " ACCUSED OF BLACKMAIL " (United Press Association) (By Electric Telegraph— Copyright) PARIS, May 29. (Received May 20, at 9 p.m.) Dr Schacht, speaking at the France-German Society, said the newspapers criticised Germany " because she always asks and never offers." I agree the poor can do little more than ask, but Germany does offer a firm guarantee of European peace in return for a reformed League, and is prepared to discuss armaments. Germany is accused of blackmail in making the offer conditional on colonial outlets. I plead guilty. It is blackmail, but peace must be strengthened even if blackmail is used." French personalities present were astounded to hear blackmail, probably used for the first time in history, thus proclaimed as an instrument of international goodwill, but considered Germany was not as interested in colonies as Dr Schacht's speech suggests. On the contrary, she is inclined to drop the subject and conciliate England, though for internal purposes the subject of colonies will still be raised in orations.
A tangible result of Dr Schacht's visit has been the arrangement of a Franco-German trade agreementGermany accepts France's refusal to agree to a reduction T>f the interest rate on the Dawes and Young loans, but agrees to an extension of reciprocal trade.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ODT19370531.2.73
Bibliographic details
Otago Daily Times, Issue 23204, 31 May 1937, Page 9
Word Count
214EUROPEAN PEACE Otago Daily Times, Issue 23204, 31 May 1937, Page 9
Using This Item
Allied Press Ltd is the copyright owner for the Otago Daily Times. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in