RUHR RESISTANCE.

Poverty Bay Herald, Volume XLIX, Issue 16112, 28 April 1923, Page 5

RUHR RESISTANCE.

TRADE AND FINANCE QUESTIONS

(Elec. Tel. Copyright—United Press Assn,) •Australian and N.Z Cable Association.) LONDON, April 27.

Tliei money market ridicules the Paris Los Temps charges that it is financing German, resistance in the Ruhr, pointing out, that the British; coal owners arc legitimately trading. There is certainly no ill-will towards France. Germany does not receive any special favor. She has largely secured' the' wherewithal to pay for her coal through shutting down on other import©. In other word's, she lias found her ordinary working balance© hero sufficient to- pay the cost of tho exceptionally large' coal purchases. Thus operations were clone more or less on a cash basis by tho ut ilisation of German balances abroad.' Moreover, the cessation of the reparations payment following i,ho Ruhr crisis, itself tended to increase' Germany’s lull balance. Cardiff exporters say that they refused to give Germany credit, whereas credit- is given Franco and Italy.

FRANCE’S POSITION DEFINED

CONDITIONS STIPULATED..

(Australian and N.Z Cable Association., (Receivod April 28. 8.50 a.m.) PARIS, April 27.

The Matin, in an editorial, defines France’s attitude in the event of Germany making any reparation proposals worthy of consideration, which is still doubtful. France would demand, as a first condition, the laying down of allarms and the abandonment of every provision. designed to encourage resistance to the Allies. thitil Dr. Cuno can give a dear and precise undertaking to that effect, France can only regard any attempt to open negotiations as a manoeuvre nmvorthy of serious attention.

GERMANY’S REPARATION OFFER

HOW MUCH SHALL IT BE?

(Received April 28, 9,20, a.m.) LONDON, April 27. The Daily Chronicle’s Dusseldorf correspondent states that Dr, Curio and the industrial magnates are experiencing great, difficulty'regarding the amount the latter should guarantee in support of the new reparations offer. Some think three, thousand millions sterling is not too much, in order to end the Ruhr conflict.. ..They believe Germany could eventually pay it. . Others are strongly oppbsed to offering .anything , beyond fifteen hundred millions sterling. The Government now intends to offer, the Allies a definite sum, but wants to know the extent to which it can rely upon the magnates’ guarantees. Owing to protracted negotiations on this point the ; offer will not be made till next week.