GERMANY.

Temuka Leader, Issue 10360, 2 September 1922, Page 1

GERMANY.

TH E RE PA RATIONS

PARIS, August 30

A' semi-official statement, coincident with the arrival of the Ger"<ian delegates, says that in the event of Germany refusing the pledges demanded by France, the only solution, in conformity with the Peace Treaty, will be the refusal of a moratorium and the declaration of Germany's default.

The German delegates appeared before the Reparations Commission. J-Terr Schroeder made a comprehensive statement on the conditions in Germany and outlined certain new proposals. Herr Schroeder proceeded to develop the proposals submitted by Dr. "Virth to Sir John Bradbury and M. "vlaulere l'or the deposit of fifty million marks as a guarantee of deliveries in kind, and the creation of contracts with big German coal and limber contractor. The Commission is now considering the question of the moratorium. THJLO GKRMAX MARK. Cables from Berlin state' that I hough printing presses are working to full capacity turning out two thousand million marks daily, they' are unable to cope with the demand. The Exchange in London on Berlin is SSOO. A remarkable gamble in German marks is proceeding in London, where they are not now purchaseable. There is a daily demand for thousands o f pounds worth. Advice to people m>. to buy has only caused an increase in the demand, which will not diminish while the Exchange remains at the present -fantastic level. The basis of the gamble appears to be a belief that while Germany is unable to redeem the mark at par she will be in a position sooner or later to offer a compromise which will be greatly to the advantage of present buyers. GRAVE WARNING.

Colonel House and other observers have sent warnings to their friends in Canada that Europe may be approaching another upheaval like 1914, and are considering what effects the convulsion will have on the United States.

. Bankers have given up hope of ever collecting the Allied war debts.