REPARATIONS

Southland Times, Issue 19513, 12 May 1922, Page 5

REPARATIONS

PENALITEB FOR DEFAULT i ALLIED POLICY NOT DECIDED. (By Telegraph—Press Assn.—Copyright) (Australian and N.Z. Cable Association.). LONDON, May 10. (Received May 11, 7.5 p.m.) Mr Chamberlain, answering questions in the House of Commons, said the Allies must decide what action should be taken in the event of Germany defaulting in her indemnity payment. He regretted that the Allies had not already decided what should be done, but that was not Britain’s fault THE DESTROYED ZEPPELINS. GERMANY TO PAY COMPENSATION. PARIS, May 10. (Received May 12, 1230 a.m.) The Ambassadors’ Council decided that Germany must pay nine million gold marks compensation for Zeppelins destroyed which ought to have been delivered to the Allies. ARGENTINE LOAN TO GERMANY. ALLIED OBJECTIONS. NEW YORK, May IL (Received May 11, 11.55 p.m.) The Chicago Tribune’s Buenos Aires correspondent states that Germany has accepted a five year Argentine credit of 150,000,000 pesos of which 50,000,000 will be expended in the purchase of Argentine meat, wool, and hides and 100,000,000 on cereals, ■the bulk of which will be shipped to Russia. The purpose is to obtain, materials essential to German industry. It is understood that the Allies objected to the Russian feature of the loan during the Genoa negotiations on the ground that it would prove a powerful factor in rendering efficient the Russo-German alliance. Further, it was proposed that Germany Should make a 40,000,000 peso shipment of goods to the Argentine. The Allies objected to this arrangement on the ground that it would retard reparations payments. The Argentine objected to interference on the ground that the loan would rehabiliate Argentine agriculture, which was suffering owing to inability to find a market.